BOOMING WITH THE Y2K: NIIT
Article Abstract:
NIIT is engaged in computer education in India. For the quarter of April to June 1998, its revenue increased by 53.95 percent to Rs130.7 crore. Its net profit has risen by 91 percent, gross profit by 83 percent and gross margins by 6 percent. In the first three quarters of 1997-98, its net profit was Rs62 crore (Rs34.4 crore in the corresponding period of 1996-97). It is expected to post a net profit of Rs90 crore for the year ending September 1998. (rk) --------------------------------------------------------- Financial Performance of NIIT (Rs in crore) --------------------------------------------------------- Particulars quarter ended quarter ended June 1998 June 1997 --------------------------------------------------------- Income 130.7 84.9 --------------------------------------------------------- Other income 0.7 0.5 --------------------------------------------------------- Interest 3.5 4.0 --------------------------------------------------------- Gross profit 51.2 28.1 --------------------------------------------------------- Depreciation 5.9 4.5 --------------------------------------------------------- Net profit 45.3 23.6 --------------------------------------------------------- Equity 25.8 25.8 ---------------------------------------------------------
Comment:
Is expected to post net profit of Rs90 crore for year ending 9/98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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WIPRO PUMPS IN Rs2 CR TO LAUNCH COURSE IN IIM-B
Article Abstract:
Wipro Corporation has invested Rs2 crore to start a three-year part-time post graduate course in software enterprise management at the Indian Institute of Management, Bangalore. The course will be additionally supplemented by the new Centre for Software Management (CSM). Oracle Software India Development Centre and Silicon Automation Systems have each donated amounts for an endowment fund for the CSM in the campus of the IIM-B. Each selected candidate will be charged a tuition fee of Rs75,000 for the course.(khr)
Comment:
Invests Rs2 crore to start 3-year part-time post graduate course in software enterprise management at Indian Institute of Mgmt
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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NIIT's Q1 NET PROFIT SURGES BY 107.3%
Article Abstract:
NIIT, a domestic infotech major, has increased its net profit by 107.3 percent from Rs4.1 crore to Rs8.5 crore in the first quarter ended December 1998. Its turnover increased by over 10 percent from Rs85.8 crore to Rs95 crore. The company's gross profit increased from Rs10.1 crore to Rs16.4 crore while interest cost came down from Rs4.4 crore to Rs2.8 crore. The company has got shareholder approval to issue one bonus share for every two equity shares held. (khr)
Comment:
NIIT, a domestic infotech major, has increased its net profit by 107.3 percent from Rs4.1 crore to Rs8.5 crore in the first quarter ended December 1998.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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