NIIT Technologies Ltd, on Friday announced its third quarter results for the quarter ended

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December 31, 2009, posting consolidated revenue of Rs 230.1 crore, growing by two per cent.

Operating profit for the quarter was Rs 50.7 crore as compared to Rs 44.6 crore last year and profit after tax (PAT) grew by more than double at Rs 35.3 crore as compared to Rs 16.8 crore in the same period last year.

“We are happy with the continued sequential growth in revenues and further expansion in margins reflecting that the worst of the impact in the economic environment is behind us,” CEO, NIIT Technologies Ltd, Arvind Thakur tsold reporters here.

He said operating margins expanded sequentially by 178 basis points (bps) and 408 bps year-on-year to 22 per cent.

The company’s revenues in the BFSI segment rose during the last quarter, maintaining its share at 44 per cent of overall revenues during this quarter. In the travel and transport business segment also, they increased during this quarter to 34 per cent of the revenues. Share of revenues from retail and distribution is nine per cent.

Thakur said the company is also getting good businesses from emerging markets from countries in Asia Pacific (APAC) regions and Europe, West Asia and Africa (EMEA). “Emerging markets like APAC and EMEA are drawing businesses for us. While cost would remain important, as we go up to the decade, we would grow in these markets,” Thakur added.

He said business from the APAC region now has 15 per cent of the revenue mix and share of revenue from EMEA during this quarter was 42 per cent. North America contributed 34per cent, while India contributed nine per cent of the revenues.