Mobile Services
NIIT Technologies Q4 profit up 16.3% to Rs 86 crore
NEW DELHI: IT firm NIIT Technologies today said that its net profit increased 16.3% to Rs 86.1 crore for the March 2018 quarter, excluding the impact of a one-time settlement in the year-ago period.
| Qtr performance at a glance | |||||
|
Particulars |
Qtr ended | Qtr ended | Growth | Qtr ended (without Settlement) | Growth |
| 31-Mar-17 | 31-Mar-18 | YoY | 31-Mar-17 | YoY | |
| Cr | Cr | Cr | |||
| Consolidated Revenues | 744.7 | 788.8 | 5.9% | 717.6 | 9.9% |
| Operating Profit | 152.3 | 141.7 | -6.9% | 126.1 | 12.4% |
| Operating Margin | 20.5% | 18.0% | -250 bps | 17.6% | 40 bps |
| Profit After Tax | 100.3 | 86.1 | -14.3% | 73.9 | 16.3%
|
NIIT Technologies, in a statement, said the net profit in the January-March 2017 period was at Rs 73.9 crore, excluding the settlement.
Consolidated revenue for the quarter grew 4.3% sequentially to Rs 788.8 crore representing an increase of 5.9% over same period last year and operating profits improved by 9.4% sequentially to rupee 141.7 crore representing a drop of 6.9% over same period last year. Profit after Tax improved 13.7% sequentially to Rs 86.1 crore.
During the same period last year the company entered into a settlement with a Govt client which provided a onetime revenue of 27 crore in the quarter. YoY Operating Performance may be best viewed excluding this one off gain in Q4 FY17. Table below provides a summary of quarter performance with and without the settlement.
BFSI vertical grew 5.4% during the quarter contributing to 44% of total revenues. Revenues in Travel & Transportation segment remained flat and represents 26% of the revenue mix. Share of other segments remained at 30%.
Revenues from EMEA expanded 9.0% sequentially during the quarter which now contributes to 32% of the revenue mix. US grew 1.0% sequentially contributing to 48% of the mix. India and APAC business now represents 10% each of the total mix.
Fresh business of USD 145m was secured during the current quarter which included 2 large deals and 7 new logos. Of the fresh business secured during the quarter, USD 39 Mn was from the US, USD 73 mn from EMEA and 33 mn USD from ROW. Order book executable over the next 12 months expanded to USD 339 mn.
“We continue to be very aggressive in the market and focused on driving growth. Sequential growth of 4.3% during the quarter came on the back of growth in the BFSI vertical and significant expansion in EMEA region. We are particularly pleased with the step jump in the quarterly order intake to USD 145 Mn”, said Sudhir Singh, Chief Executive Officer, NIIT Technologies Ltd. “Our move towards moving the center of gravity of the leadership to the market and hiring top tier talent continues”, he added.
Digital revenues grew 9% sequentially contributing to 26% of the total revenues
Revenue during the year grew by 6.8% to Rs 2991 crore. Operating profit grew by 3.5% to 501 Cr while operating margins declined by 53 bps to 16.8% for the year primarily on account of adverse impact of currency. In constant currency revenues improved by 9.7% during the year, and operating margins improved by 10 bps to 17.4%.
Profit after tax stood at Rs 280 Cr an improvement of 12.1% over the previous year.
“The year was characterized by strong deal momentum. Order intake improved steadily in each quarter with increased large deal wins and new logo additions”, said Mr. Arvind Thakur, Vice Chairman and Managing Director, NIIT Technologies Ltd. “USD 507 m of fresh business was secured during the year which included 7 large deals”, he added.
The company inducted a new CEO and many new leaders were added from Tier 1 organizations to drive growth. It is sharpening focus on its key industry segments and strengthening capabilities in emerging technologies with new growth vectors around Digital Experience, Cloud & Data. Digital business grew 27% during the year contributing to 24% of overall revenues.
“The demand landscape in the markets we serve is positive and with new leadership in place the platform is set for our next phase of growth”, said Mr. Rajendra S Pawar, Chairman, NIIT Technologies Ltd.
The board recommended a dividend of ₹15 per share
NEW DELHI: Bharti Airtel, India’s telecommunications services provider, today announced the launch of its ultra-fast 5G services in 125 cities. Airtel 5G Plus service is now available to customers in over 265 cities in the country.
Airtel 5G Plus has three compelling advantages for customers. First, it runs on a technology that has the widest acceptance in the world with the most developed ecosystem. This ensures that all 5G smartphones in India seamlessly work on the Airtel network. Second, the company promises to deliver the best experience – between 20 to 30 times higher speeds than today coupled with brilliant voice experience and super-fast call connect. Finally, Airtel 5G Plus network will also be kinder to the environment with its special power reduction solution. Powered by the reliable Airtel network infrastructure, Airtel 5G Plus will provide superfast access to High-Definition video streaming, gaming, multiple chatting, instant uploading of photos et all.
Commenting on the launch, Randeep Sekhon, CTO, Bharti Airtel said, “5G has revolutionized the world of internet, ushering new era of connectivity and communications that will prove to be a game-changer for the country. At Airtel, we remain committed to delivering the highest quality of network and service to our customers as we roll-out 125 more cities today. Airtel was the first in the country to offer 5G services in October 2022, and today’s mega launch is our promise to connect every Airtel customer in the country with ultra-fast Airtel 5G Plus. Our 5G rollout is on track to cover all towns and key rural areas by March 2024.”
Airtel 5G Plus service availability will continue to rapidly expand – including service in all towns and villages in the country soon – as the company is working towards offering nationwide coverage. Airtel is now offering its 5G services in every major city from the upper northern city of Jammu to the southern tip of Kanyakumari.
In the last one year, Airtel has demonstrated the power of 5G with a host of powerful use cases that will change the way customers lead their lives and do business. From India’s first live 5G network in Hyderabad to India’s first private 5G network at the BOSCH facility in Bengaluru to partnering with Mahindra & Mahindra to make its Chakan manufacturing facility, India’s first 5G enabled auto manufacturing unit, Airtel has been at the forefront of 5G innovation.
NEW DELHI: Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software.
This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said.
Apple Users have to enrol for the Beta Programme on the website, install a profile and download the software.
Jio users using iPhone 12 and above, in cities where JioTrue5G has been rolled out, will be invited to the Jio Welcome Offer. Jio Welcome Offer provides unlimited 5G data at up to 1 Gbps speed to users at no additional cost. However, there is a condition that prepaid users must be on active Rs 239 and above plan. All Postpaid users are eligible for this trial.
Airtel is not providing any special 5G offer like Jio to their users. In the cities/areas in which the Airtel 5G network has been launched, users can trial 5G services as a part of their existing plan, once they have updated the latest Apple Beta software.
While an email sent to Apple did not solicit an immediate response, the firm had last month stated: “We are working with our carrier partners in India to bring the best 5G experience to iPhone users as soon as network validation and testing for quality and performance is completed. 5G will be enabled via a software update and will start rolling out to iPhone users in December”.
Airtel and Jio customers on iPhone 14, iPhone 13, iPhone 12 and iPhone SE (3rd generation) models can experience 5G as part of Apple’s iOS 16 Beta Software Program. The Apple Beta Software Program is open to anyone with a valid Apple ID who accepts the Apple Beta Software Program Agreement during the sign-up process.
If a user has an iCloud account, that is an Apple ID, it is recommended they use that. If they do not have an iCloud account or any other Apple ID, they can create one.
Customers who want to try the beta software should back up their iPhones before installing the beta software. It is recommended to install the beta software only on non-production devices that are not business-critical. Users can also provide feedback to Apple on quality and usability, which helps Apple identify issues, fix them, and make Apple software even better.
The iOS beta comes with the built-in Feedback Assistant app, which can be opened from the Home screen on the iPhone or iPad or from the Dock on the Mac.
Source: Press Trust of India
5g
Nokia wins multi-year deal with Reliance Jio India to build one of the largest 5G networks in the world
NEW DELHI: Nokia has announced that it has been selected as a major supplier by Reliance Jio to supply 5G Radio Access Network (RAN) equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal. Reliance Jio is India’s number one mobile operator and has one of the largest RAN footprints in the world.
Under the contract, Nokia will supply equipment from its AirScale portfolio, including base stations, high-capacity 5G Massive MIMO antennas, and Remote Radio Heads (RRH) to support different spectrum bands, and self-organizing network software. Reliance Jio plans to deploy a 5G standalone network which will interwork with its 4G network. The network will enable Reliance Jio to deliver advanced 5G services such as massive machine-to-machine communications, network slicing, and ultra-low-latency.
Akash Ambani, Chairman Reliance Jio, commented: “We are pleased to be working with Nokia for our 5G SA deployment in India. Jio is committed to continuously investing in the latest network technologies to enhance the experience of all of its customers. We are confident that our partnership with Nokia will deliver one of the most advanced 5G networks globally.”
Pekka Lundmark, President and CEO at Nokia stated: “This is a significant win for Nokia in an important market and a new customer with one of the largest RAN footprints in the world. This ambitious project will introduce millions of people across India to premium 5G services, enabled by our industry-leading AirScale portfolio. We are proud that Reliance Jio has placed its trust in our technology and we look forward to a long and productive partnership with them.”
Nokia has a long-standing presence in India. This new deal will mean that Nokia is now supplying India’s three largest mobile operators.
