NIIT Tech adopts new model to boost profitability
MUMBAI, INDIA: Software services firm NIIT Technologies Ltd is looking at a subscription-based business model to boost revenue and improve margins, a senior official said on the sidelines of an industry conference.
Published at DZone with permission of its author, Tony Thomas. (source)The company on Thursday unveiled a software service for the business segment, which can be made available to companies as and when required or on demand.
"Since this is a non-linear kind of a model - where it is not related to the headcount and does not require a ramp-up, it will definitely reduce wage pressure and improve profitability," chief executive officer Arvind Thakur said.
(Note: Opinions expressed in this article and its replies are the opinions of their respective authors and not those of DZone, Inc.)
Tags:
