InvestorQ : How do you view the latest results of NIIT Technologies for the Jun-20 quarter?
Katherine Gonsalves made post

How do you view the latest results of NIIT Technologies for the Jun-20 quarter?

Answer
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Rutuja Nigam answered.
3 months ago


NIIT Technologies revenues for the quarter fell sequentially by 6.8% sequentially in constant currency terms. The operating margins or OPM was down 11.6 per cent from 12.9 per cent in the previous year quarter. Revenue and margins were negatively impacted by a sharp ramp-down and pricing pressure in the Travel vertical due to the COVID-19 pandemic.

Fresh business of $186 million was secured during the quarter. The order book of the company is well placed at $465 million and looks executable over the next 12 months..