Oct 20, 2006 Q2 ’07 Results 1

NIIT Technologies Financial Results Analysis

Quarter 2, 2007

Oct 20, 2006 Q2 ’07 Results 2

Outline

• Highlights– For the Quarter

• Financial Statements– Income Statement

• Business Analysis– Revenue Cuts– Order Book– Top clients– People Resources

• Shareholding Pattern

Oct 20, 2006 Q2 ’07 Results 3

Highlights for the Quarter

• Consolidated Revenues at Rs 2199mn • Up 15% QoQ, 49% YoY

• Operating profits at Rs 415Mn • Up 14% QoQ, 59% YoY• Margins at 19% • Capacity utilization 81%, 76% last quarter

• Net Profits at Rs269Mn • Up 23% QoQ, 78% YoY• Margins at 12% • EPS at Rs 6.96

• JV with Adecco • Fresh order intake of $42mn

Oct 20, 2006 Q2 ’07 Results 4

Income Statement(Rs Mn) Q2’06 Q1’07 Q2’07 YoY

(%)

QoQ

(%)

Revenues 1475 1910 2199 49 15

Operating Expenses 1214 1547 1784 47 15

Operating Profit 261 363 415 59 14

OPM (%) 18 19 19 117 bps -9 bps

Depreciation 93 120 112

Other Income (net of interest) 12 35 24

Tax 27 45 52

PAT after Minority Interest 151 218 269 78 23

Net Margins (%) 10 11 12 202 bps 83 bps

EPS 3.9 5.64 6.96 78 23

•DSOs at 69 days•Cash & cash equivalents Rs 1774mn•Term Loan availed Rs 525mn

Oct 20, 2006 Q2 ’07 Results 5

Geographic Mix

Europe46%

APAC11%

India9%

America34%

Europe46%

APAC11%

India9%

America34%

•Europe contributes 50% of Revenues

Americas

33%

Europe50%

APAC11%

India6%

Americas

33%

Europe50%

APAC11%

India6%

Q2’07Q2’07

Europe43%

APAC10%

India8%

Americas

39%

Europe43%

APAC10%

India8%

Americas

39%

FY’06FY’06

Q1’07Q1’07

Oct 20, 2006 Q2 ’07 Results 6

Vertical Mix

Transportation25%

Retail & Manfg.12%

BFSI39%

Others24%

Transportation25%

Retail & Manfg.12%

BFSI39%

Others24%

The focus verticals contribute 80% revenuesThe focus verticals contribute 80% revenues

FY06FY06

Q1’07Q1’07Transportation26%

Retail & Manfg.16%BFSI

33%

Others25%

Transportation26%

Retail & Manfg.16%BFSI

33%

Others25%

Transportation

26%

Retail & Manfg.12%BFSI

42%

Others20%

Transportation

26%

Retail & Manfg.12%BFSI

42%

Others20%

Q2’07Q2’07

Oct 20, 2006 Q2 ’07 Results 7

Order Intake

• 5 new significant customers added for the quarter (1 Insurance, 1 BFS, 1 Transport, 2 Others)•$ 42 mn intake in the quarter leading to $87mn of firm business executable over next 12 months

US $ mn

32 34

2531

3842

AMJ'05 JAS'05 OND'05 JFM'06 AMJ'06 JAS'06

Oct 20, 2006 Q2 ’07 Results 8

Top Client Mix

Relationships strengthening•Top 5 clients grow 12% QoQ & 38% YoY•Top 10 grow 11% QoQ & 40% YoY

Improving client balance trend

43 41 40

33 3038

FY'06 Q1'07 Q2'07

Top 10

Top 20

Top 5

(%)

Others

54

67

52

70

50

62

Oct 20, 2006 Q2 ’07 Results 9

People Resources

26682935 3128

801840

946

74

73

74

Mar'06 Jun'06 Sep'06 Mar'06 Jun'06 Sep'06

BPO

Software

Segmental Mix On-Offshore Mix

Net addition of 300 people in the quarter

Onsite

Offshore

3848

Corp

24%

76%

3543NTL

26%

10%

13%

9% 4148

7%

8%

25%

74%75%

Oct 20, 2006 Q2 ’07 Results 11

Thank You