“NIIT Tech’s 3Q results were better than our expectations. The 3.6% CC revenue growth in services was higher than what we had anticipated. Margins improved QoQ due to the reduced revenues from the hardware business.
The company has focused on and increased revenue contribution from high growth areas of US geography and the BFSI vertical, which is a positive. The $300mn order win also reflects the company’s improved positioning in the market space. We maintain a positive bias towards the stock.”
The company has focused on and increased revenue contribution from high growth areas of US geography and the BFSI vertical, which is a positive. The $300mn order win also reflects the company’s improved positioning in the market space. We maintain a positive bias towards the stock.”
