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NIIT posts Rs 3.4 cr net in Q3

July 17, 2003 19:43 IST

IT major NIIT on Thursday reported a consolidated profit after tax of Rs 3.4 crore (Rs 34 million) for the quarter ended June 2003 as against a loss of Rs 1.3 crore (Rs 13 million) in the corresponding period a year ago.

NIIT's global system wide revenue, including NIIT Education and NIIT Technologies, was pegged at Rs 230.6 crore (Rs 2.306 billion) for the third quarter (April-June 2003) as against Rs 193.1 crore (Rs 1.931 billion) registered in the year-ago period.

Commenting on the company's performance, Rajendra S Pawar, Chairman of NIIT, said: "The third quarter performance was supported by a good revenue growth in the IT services."


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