On Tuesday, the software services firm NIIT Technologies Ltd. (NTL) announced its consolidated profit, which stood at Rs 412 million. However, its revenue increased about 13% to Rs 3.29 billion. On the same day, the shares of the firm jumped by 11%.

The famous shares site like Sharekhan is recommending investors to invest in the profitable share of NIIT. It has been reported that the outperformance of the firm was mainly triggered by higher level of other incomes, which stood up at 85.7% QoQ to Rs 3.90 crore on account of higher foreign exchange (forex) and treasury income coupled with a lower than expected tax rate of 26.5%.

However, on account of transition costs and higher initial onsite activity involved in the recent two large deals, NTL’s management has indicated at margin pressure in the coming quarters. In the coming two deals, NIL is expected to gain momentum worth of more than $30-40 million.

Meanwhile it has been reported that the company has won a multi-year, multi-million pound IT infrastructure deal from Eurostar, the official train carrier for the London Olympics 2012. Moreover, NTL would be executing 17 transformational deals before the start of the Olympics 2012. It would be investing about GBP3 million towards infrastructure requirement for the deal.