NIIT Learning Q2 FY'27 Revenue at ₹528.6 Cr (up 11.1% YoY), Acquires Bluewater Learning
NIIT Learning Systems reported Q2 FY'27 consolidated revenue of ₹528.6 crore, up 11.1% YoY. EBITDA was ₹87.4 crore. The company acquired Bluewater Learning for up to USD 17.6 million. Revenue visibility increased 25% YoY to USD 510 million following a large multi-year contract.
The acquisition of Bluewater Learning and the substantial increase in revenue visibility are material events that are likely to have a significant impact on the company's future growth and market position.
The company reported positive year-over-year revenue growth, a significant acquisition, and increased revenue visibility, all indicating a strong performance and positive future outlook.
NIIT Learning Systems Limited has announced its consolidated financial results for the second quarter of the financial year 2026-2027, ending September 30, 2026. The company reported a consolidated revenue of ₹528.6 crore, an increase of 11.1% year-over-year. EBITDA stood at ₹87.4 crore, with an EBITDA margin of 16.5%. Profit After Tax was ₹37.3 crore, and Earnings Per Share (EPS) was ₹2.7.
AI-enabled learning services contributed 17% of the revenue in Q2 FY'27, showing a 22% quarter-over-quarter growth. This segment saw clients engaging with NIIT for operating model redesign and AI-powered learning simulations, coaching, and content development.
The company has also acquired 100% of Bluewater Learning, LLC for up to USD 17.6 million. Bluewater is a Plano, Texas-based HCM technology consulting and implementation specialist. This acquisition is expected to add significant HCM consulting, implementation, and integration expertise to NIIT Learning's existing capabilities.
NIIT Learning signed four new long-term annuity clients during the quarter, including a significant multi-year contract with a global enterprise software company. This has raised the company's revenue visibility to USD 510 million, a 25% year-over-year increase. The company also expanded the scope of two existing contracts and renewed three contracts, maintaining a high renewal rate. The total number of long-term annuity clients reached 116 by the end of the quarter.
Vijay K. Thadani, Co-founder, NIIT and Vice Chairman & Managing Director, NIIT Learning, highlighted the transformative impact of their AI-enabled learning platform in redefining corporate L&D and driving measurable business outcomes. Sapnesh Lalla, CEO and Executive Director, NIIT Learning, emphasized that strategic investments in AI and expanded reach through organic and inorganic means are enabling clients to transform into AI-enabled L&D enterprises, with the Bluewater acquisition further strengthening their HCM learning technology consulting and implementation capabilities.
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