NIIT Tech first quarter net profit up 35.5%

IT firm NIIT Technologies today reported 35.5% increase in net profit at Rs 58.5 crore in the April-June quarter of 2015.

The company had reported a net profit of Rs 43.2 crore in the corresponding period a year ago.

Its consolidated revenue grew 11% to Rs 641.1 crore in the quarter under review from Rs 577.6 crore in the same period last fiscal.

"The quarter witnessed 8.9% sequential growth in intercontinental geographies which helped maintain operating margin despite wage hikes," NIIT Technologies CEO and Joint MD Arvind Thakur said.

The company's shares were trading at Rs 442.50 apiece in the afternoon trade, up 6.04% from its previous close on the BSE.