“NIIT Technologies’ results were broadly in line with estimates. While revenues beat our expectations, margins came slightly lower than what we had assumed.
NIIT Tech has maintained decent revenue growth over the past few quarters on the back of good traction seen in the Travel & transportation vertical. The company’s order booking has also been maintained at high levels in the past few quarters, providing revenue visibility. Scale up in recent project wins should improve margins in those projects and help company restrict the impact on overall margins.”
Dipen Shah, Head of PCG (Private Client Group) Research, Kotak Securities