Singapore Headquartered Tata Communications maintained strong revenue growth across operations (for the quarter ended 31 December, 2011), with gross revenues increasing 19% year-on-year (YoY).
The main takeaways from the report are summarised below:
- Core Business remains profitable
- Neotel sees further enhancement in operating profitability
- Focused cash management program on track
- Capex programme is aligned to demand and is pursuing predictable & strategic growth-oriented opportunities
Commenting on the performance of Q3 FY2012, Mr. Vinod Kumar, CEO and MD, Tata Communications, said, “We are very pleased to report a healthy improvement in the operating performance of the business. Global voice has demonstrated continued improvement in volumes and revenues. The company’s global data business is scaling up as planned. Complementing our leadership in the enterprise data segment within India, we have been growing our international revenues as reflected in the enhanced uptake of our customised offerings and managed services.”For the quarter ended 31 December, 2011, consolidated gross revenues were at Rs. 36,041 million.
This is against Rs. 33,736 million in the previous sequential quarter and Rs. 30,180 million in the same quarter last year.
The Core Business accounted for Rs. 31,648 million – against Rs. 29,079 million in Q2 FY2012 and Rs. 28,535 million in Q3FY2011.
The Startup Business, primarily Neotel, posted revenues of Rs. 4,394 million in the quarter ended December 31, 2012.
This is against Rs. 4,657 million in Q2 FY2012 and Rs. 1,645 million in Q3 FY2011.
Read the detailed presentation of details from the report here.
