Latest news with #iamneo
The Hindu
a day ago
- Business
- The Hindu
VIT signs MoU with Edtech firm on advanced degree programme
The Vellore Institute of Technology (VIT) has signed a Memorandum of Understanding (MoU) with iamneo, a leading EduTech service provider to support the academic growth of industry professionals. According to a press release, the partnership was signed at the VIT campus in Vellore in the presence of Sekar Viswanathan, vice-president, VIT, T.P. Senthil Kumar, Founder and CEO, iamneo. The collaboration introduces a flexible learning model that allows students from iamneo to pursue Masters programs. It is also designed to balance academic advancement with career development, catering to the evolving needs of professionals in today's AI-driven landscape. The agreement represents a significant step in fostering collaboration between academia and industry, ensuring that learners gain both theoretical knowledge and practical expertise. The initiative aligns with VIT's vision to promote lifelong learning and innovation in emerging fields such as artificial intelligence and machine learning, the release said.
Time of India
08-08-2025
- Business
- Time of India
NIIT Q1 profit dips 44 pc to Rs 4.3 cr; revenue rises 2 pc to Rs 84.1 cr
Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory filing. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like You might be interested Undo The company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 82.47 crore in Q1 FY25. Seen sequentially, profit and revenue fell by 66.7 per cent and 2.5 per cent, respectively. Enterprise business grew 7 per cent year-on-year and contributed 68 per cent to overall revenue. Revenue from Technology programs was up 7 per cent year-on-year, while revenue from BFSI & other programs was down 9 per cent year-on-year. Live Events The sharp decline in BFSI (Banking, Financial Services & Insurance ) hiring reflected in reduced share of BFSI & other programs, and also contributed to the decline in share of Consumer business, the company said. "TCS, Infosys , Wipro , and HCL Tech cut 42K+ jobs in two years, including TCS 's 12K layoff; WorkPro segment in ITeS hit hardest as clients stay cautious amid trade tensions and tech spend slowdown. "Banking Q1 was tough (Axis, Kotak, HDFC, SBI ,ICICI) with margin pressures and muted hiring amid lower attrition; weakness spilled over to insurance (slower premium growth) and NBFCs (retail/personal loan moderation)," the company said. The company's order intake during the quarter under review was Rs 106.5 crore, representing a 37 per cent year-on-year growth. During the quarter, NIIT Limited acquired a 70 per cent stake in Coimbatore-based AI-powered deep-skilling SaaS platform iamneo for around Rs 61.3 crore, with the remaining 30 per cent to be purchased in phases from its promoters upon achieving agreed financial milestones. "In the current volatile environment, the company stayed the course on its investments in AI-powered learner-centric outcome-based education. The strategic investment in iamneo significantly enhances our capability to deliver impactful digital transformation curricula at scale," Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, said.
News18
08-08-2025
- Business
- News18
NIIT Q1 profit dips 44 pc to Rs 4.3 cr; revenue rises 2 pc to Rs 84.1 cr
New Delhi, Aug 8 (PTI) Skills and talent development firm NIIT Ltd on Friday posted a 43.6 per cent decline in consolidated net profit to Rs 4.37 crore in the April-June quarter due to headwinds from a turbulent environment in the technology and BFSI sectors. It had reported a profit (attributable to owners of the parent company) of Rs 7.75 crore in the year-ago period, according to a regulatory filing. The company's revenue from operations rose slightly to Rs 84.11 crore in Q1 FY26, from Rs 82.47 crore in Q1 FY25. Seen sequentially, profit and revenue fell by 66.7 per cent and 2.5 per cent, respectively. Enterprise business grew 7 per cent year-on-year and contributed 68 per cent to overall revenue. Revenue from Technology programs was up 7 per cent year-on-year, while revenue from BFSI & other programs was down 9 per cent year-on-year. The sharp decline in BFSI (Banking, Financial Services & Insurance) hiring reflected in reduced share of BFSI & other programs, and also contributed to the decline in share of Consumer business, the company said. 'TCS, Infosys, Wipro, and HCL Tech cut 42K+ jobs in two years, including TCS's 12K layoff; WorkPro segment in ITeS hit hardest as clients stay cautious amid trade tensions and tech spend slowdown. 'Banking Q1 was tough (Axis, Kotak, HDFC, SBI,ICICI) with margin pressures and muted hiring amid lower attrition; weakness spilled over to insurance (slower premium growth) and NBFCs (retail/personal loan moderation)," the company said. The company's order intake during the quarter under review was Rs 106.5 crore, representing a 37 per cent year-on-year growth. During the quarter, NIIT Limited acquired a 70 per cent stake in Coimbatore-based AI-powered deep-skilling SaaS platform iamneo for around Rs 61.3 crore, with the remaining 30 per cent to be purchased in phases from its promoters upon achieving agreed financial milestones. 'In the current volatile environment, the company stayed the course on its investments in AI-powered learner-centric outcome-based education. The strategic investment in iamneo significantly enhances our capability to deliver impactful digital transformation curricula at scale," Vijay K Thadani, Vice Chairman & Managing Director, NIIT Limited, said. PTI ANK ANK DR DR view comments First Published: August 08, 2025, 16:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
13-05-2025
- Business
- Business Standard
NIIT Q4 results: Net profit up 18% to ₹13 crore, revenue up 16%
Skills and talent development firm NIIT on Tuesday posted around 18 per cent increase in consolidated profit after tax to ₹13.13 crore for the fourth quarter ended March 31, 2025. The company had registered a profit after tax (attributable to owne₹of the parent company) of ₹11.16 crore in the same period a year ago. Revenue from operations grew to ₹86.28 crore during the period from ₹74.34 crore in March 2024 quarter. For FY25, NIIT posted about 20 per cent increase in PAT to ₹46.12 crore from ₹38.36 crore. Revenue from operations increased by about 18 per cent to ₹357.6 crore from ₹303.5 crore in FY 2024. "Despite a volatile business environment, we have recorded a double-digit YoY revenue growth for the fifth consecutive quarter with all-round growth across Technology and BFSI and other programs," CEO Pankaj Jathar said. NIIT recently made a foray in addressing the need for skills development in higher education by acquiring 70 per cent stake in an AI-powered deep skilling SaaS platform iamneo. The transaction was approved by NIIT's Board of Directo₹at its meeting on April 17, 2025. "The acquisition of iamneo and our move to integrate GenAI across flagship programs are part of our strategy of future readiness," NIIT Vice Chairman and Managing Director, Vijay K Thadani said.
