IT decision makers have started leveraging the growing sophistication
Every industry is going through profound upheavals as digital technology rapidly and radically transforms how business engages with the marketplace and all stakeholders, says Tata Communications.
“IT decision makers have started leveraging the growing sophistication of hybrid solutions to reengineer IT economics, liberate more funds for innovation and enhance core business processes,” the company said in its latest quarterly report.
“This trend is driving greater demands for higher level performance from Information and Communication Technology providers. Whether it be mature enterprises looking to transform themselves or start up enterprises creating new products and services,” said the company in business analysis.
“Our offerings enable information and computing to work smarter and harder for the business users. Wherever they are. Whenever they need it.
“We put into their hands a unique range of performance technologies from our “best in class” platforms such as the world’s only global Tier 1 infrastructure and IZO Cloud Enablement to ‘industry specific’ solutions for businesses be it manufacturing, media, BFSI or E-commerce industries,” it said.
Tata Communications MD AND CEO A.S Lakshminarayanan announced robust data revenue growth and healthy profits in the second quarter of this fiscal.
“Our international markets are witnessing good growth and our continued efforts of shifting from products to platforms is yielding positive results,” he said on 19 Oct 2022.
Commenting on the results, Kabir Ahmed Shakir, Chief Financial Officer, Tata Communications, added, “Our performance in the second quarter demonstrates our broad-based growth, continued strong performance on profitability and free cash flow.
Performance details:
Data business revenues came in at Rs.3,493 crore, recording an increase of +4.6% QoQ and +11.2% YoY. Strong momentum witnessed across all offerings in the Data portfolio.
EBITDA stood at Rs.1,007 crore, up +3.9% QoQ on the back of strong operational efficiencies.
Consolidated revenue stood at Rs.4,431 crore; increasing +6.2% YoY. Sequentially, growth in revenue followed upsides in the Data business.
Consolidated EBITDA came in at Rs.1,130 crore; rising +1.5% YoY, where margins stood at 25.5%, growing by 50 Bps sequentially
Consolidated PAT stood at Rs.532 crore from Rs.425 crore in Q2 FY22, marking an increase of +25.1% YoY. fiinews.com
