The company board has recommended a 1:2 bonus and dividend of Rs 3.75 per share, against Rs 3.5 last year. Earning per share rose 60 per cent to Rs 42.06 from Rs 26.35.

As per NIIT's audited results, turnover stood at Rs 648 crore, against Rs 430.7 crore.

"The 1:2 bonus issue will widen the investor base, enhance liquidity and improve valuations for shareholders, who have been with us for the last five years," president and chief executive officer Vijay Thadani said.

Operating margin improved one percentage point to 33.5 per cent, against 32.1 per cent last year. Cash profit jumped 64 per cent to Rs 138 crore, against Rs 84 crore.

Provision for depreciation has been raised to Rs 29.4 crore from Rs 16.7 crore in keeping with the global corporate governance norms for depreciation of computers. The company has outlined a strategyto enhance global presence. International revenues grew 74 per cent to Rs 312 crore.

The US market grew 97 per cent contributing Rs 135 crore, while Europe grew 87 per cent and Japan 59 per cent. Asia-Pacific grew 40 per cent in spite of the Asian slowdown.

Revenue from software business grew 52 per cent to Rs 271.2 crore. Training business rose 40 per cent to Rs 256.5 crore and multimedia business increased 77 per cent to Rs 119.7 crore.

Under its new growth strategy, NIIT will also adopt the acquisition route. The company will set up production bases in China, and possibly Indonesia and Philippines soon. It aims to esatablish its presence in 50 countries within two to three years, managing director Rajendra S Pawar said.

With revenue from international operations forming 48 per cent of the total revenue, NIIT is keen to achieve a 50:50 mix with revenue from domestic operations.

NIIT's order book swelled by $32 million in the last quarter from overseas orders. It is developing an offshore facilityat Mumbai for British Airways' reservation service.

The company admitted that it will have to work overtime to retain the same growth chart in the present fiscal owing to difficult market conditions.