NIIT net dips 42 percent

January 19th, 2009 NEW DELHI - IT training major NIIT Ltd Tuesday reported a net profit of Rs.55 million for the third quarter ending December 31, a 60 percent dip compared to Rs.139 million profit in the same period a year before. The dip in profits has been attributed to the launch of NIIT Uniqua and increased depreciation due to new school projects that impacted profit after tax (PAT) for the quarter, a company statement said.

July 29th, 2009 NEW DELHI - IT solutions provider NIIT Technologies Wednesday reported a 13.5 percent dip in its operating profit to Rs.39.4 crore for the quarter ended June 30 as against Rs.45.6 crore in the like period last fiscal. The company's consolidated revenues too dipped 11 percent to Rs.218.2 crore from Rs.245.8 crore, NIIT said in a regulatory statement.

January 13th, 2009 NEW DELHI - IT solutions provider NIIT Technologies Wednesday said its net profit dipped 52 percent to Rs.16.8 crore (Rs.168 million/$3.36 million) for the third quarter ending Dec 31 from Rs.34.7 crore (Rs.347 million/$6.94 million) in the same period last year. However, the company's revenues rose six percent to Rs.248.5 crore (Rs.2.49 billion/$480 million) for the quarter, as compared to Rs.233.8 crore (Rs.2.3 billion/$460 million) in the same period last year, a company statement said.

May 27th, 2009 NEW DELHI - IT training and talent development company NIIT has reported a 44.1 percent increase in standalone net profit for 2008-09 despite a 17.8 percent fall in its fourth quarter earnings. The company's net profit for last fiscal stood at Rs.47.21 crore, up from Rs.32.77 crore in 2007-08, while the January-March quarter profit fell to Rs.23.14 crore from Rs.28.14 crore in the same period of 2008.

May 29th, 2009 NEW DELHI - IT training and talent development provider NIIT has partnered with industry stakeholders to provide certified training in infrastructure management services (IMS), the company said Friday. IMS broadly refers to the development and maintenance of networking system of an organisation.

September 22nd, 2009 THIRUVANANTHAPURAM - City-based information technology park Technopark has signed a cooperation agreement with China's Beijing Zhongguancun Software Park Co (Zpark), it was announced here Tuesday. Under the agreement, the two parks will join hands in business process outsoucring (BPO), software exports and training sectors in major markets like China, Japan, South Korea, the US and Europe, Technopark said in a statement.

June 5th, 2009 AP: Compuware CEO Karmanos compensation dips NEW YORK — Mainframe software maker Compuware Corp.'s chief executive, Peter Karmanos Jr., was awarded compensation for fiscal 2009 valued at $4.2 million, down 29 percent from a year earlier, according to an Association Press calculation. Karmanos, 66, received a salary of $1.2 million, up from $1.05 million a year earlier.

August 13th, 2009 NEW DELHI - The growth of the information technology (IT) security market in Asia Pacific dipped to 28.3 percent in 2008 from 36 percent a year before, a leading global IT industry researcher said in a report released Thursday. "This growth is remarkable considering in the fourth quarter of 2008, global economies began to feel the impact of the credit crunch and the global economic downturn, said IT sector tracker Gartner.

September 17th, 2009 The world's 10 most valuable brands in 2009Here's a look at the world's top 10 most valuable brands: 1. Coca-Cola, up 3 percent to $68.73 billion 2.

July 25th, 2009 How the major stock indexes fared on FridayInvestors held on to the stock market's rally Friday, extending a two-week jump that has added 11 percent to the stock market's major indicators. Disappointing results from Microsoft Corp.

June 24th, 2009 How the major stock indexes fared on Wednesday Stocks ended mixed but mostly higher Wednesday after the Federal Reserve said the economy was on the mend and orders for big-ticket manufactured items posted an unexpected increase. Technology stocks got a boost from better-than-expected earnings from software maker Oracle Corp.The Dow Jones industrial average fell 23.05, or 0.3 percent, to 8,299.86.

July 16th, 2009 How the major stock indexes fared on ThursdayTech shares pulled the market higher again Thursday, a day after stocks surged on a strong forecast from chip maker Intel Corp. The tech-heavy Nasdaq advanced for the seventh straight day and closed at its highest level since October as traders anticipated strong reports after the bell from Internet search company Google Inc.

May 13th, 2009 SAN FRANCISCO - Software piracy cost companies more than $50 billion last year, according to a study by the Business Software Alliance, an industry trade group. The report released Tuesday said that worldwide losses totaled $53 billion, an 11-percent increase over the previous years.

January 12th, 2009 BANGALORE - Infosys Technologies Ltd. has posted net profit of Rs.16.41 billion (Rs.1,641 crore) for the third quarter (October-December) of this fiscal (2008-09), registering 33.3 percent year-on-year (YoY) growth and 14.6 percent sequentially under the Indian accounting system.

April 6th, 2009 More than half of corporate India's workforce suffers from various chronic and lifestyle diseases, with those in the information technology (IT) and IT-enabled services (ITES), media, knowledge process outsourcing (KPO) and financial services topping the list, says an industry group report.A study by the Associated Chambers of commerce and Industry of India (Assocham), said 54 percent of the workforce in the IT and ITES sectors were afflicted with depression, severe headaches, obesity, chronic backache, spondylosis, diabetes and hypertension. It said of them, 23 percent suffered from spondylosis, 20 percent from sleeping disorder and 18 percent from obesity.