Aptech Limited has announced a YoY jump of 27% in total revenues at Rs 1.21 bn and a 41% jump in profits at Rs 137 m for the half year ended 30th June 1999.
Aptech Ltd. is commands a 39% market share in IT training, next only to NIIT. The company has made a foray into software solutions and IT consulting.
Aptech has set itself a target of setting up 1500 training centres worldwide by 2002, of which 150 centres will be in international markets. With respect to its international foray, the company has already set up 8 regional offices across the world. The company aims to generate Rs 10 bn of revenues by 2002, of which Rs 3 bn will be contributed by software exports.
The company's venture into the low margin - high volume IT education has been successful with its pilot course, Vidya, getting 50,000 enrolments. Preparation for Aptech's foray into online training is almost complete. The company, which has tied up with rediff.com for the purpose, has stated that the online training course would be operational within a week.
Aptech has entered into alliances with Microsoft, IBM and other global heavyweights for its software operations. The company expects the revenues of this division to grow 100% in the current fiscal year.
Aptech is focussing on being a total IT solutions company as against its image of a training institute. The company stands to gain by exploiting the advantage Indian companies have in software exports. Also, its entry into consulting will help it earn higher margins and also provide it with a new avenue of revenue growth.
Analysts have rated the stock as a 'BUY' mainly on account of its strong brand name in IT training in India, large exclusive franchises and the ability of the company to provide complete solutions. The company's entry into the lucrative software solutions and IT consulting activities has also contributed to the rating put out by the analysts.
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