Digital fabric capabilities enabled deeper customer engagements
Tata Communications says focus on financial prudence has driven inorganic expansion of global footprint as well as Data Portfolio, reflective of investments in people and innovative solutions, in line with customer’s evolving digital needs.
“Our focus on financial prudence has allowed us to drive inorganic expansion of our global footprint,” said Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications in presenting Q3 FY23 report.
“This was another quarter of a growth momentum in our Data Portfolio, reflective of our investments in our people and innovative solutions, in line with our customer’s evolving digital needs,” he said.
Speaking on the quarter performance, A.S Lakshminarayanan, MD and CEO, Tata Communications, added, “We are pleased to deliver another strong quarter with broad based growth in our Data business across India and international markets.
“Our expanding portfolio of digital fabric capabilities is enabling us to drive deeper customer engagements improving our funnel and order book.”
Financial details:
Data Revenue in the Quarter grew by 11.1% year-on-year (YoY) and year-to-date (April to December 2022) grew by 10% YoY
Consolidated revenue stood at Rs.4,528 crore (US$550.8 million), up by 8.2% YoY
Consolidated EBITDA came in at Rs.1,077 crore (US$130.8 million), EBITDA Margins at 23.8%
Consolidated PAT stood at Rs.394 crore (US$47.3 million) from Rs.395 crore (US$52.8 million) in Q3 FY2
Committed CAPEX for this quarter stood at Rs.391 crore (US$47.5 million) relative to Rs.400 crore (US$53.4 million) in Q3 FY22. fiinews.com
