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MRO-TEK's Q1 revenue up by 34%
By siliconindia
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Wednesday, 30 July 2003, 19:30 IST
BANGALORE: MRO-TEK Ltd., a leading networking and last mile access provider, on Wednesday announced that it has registered a net growth of 34 percent for Q1 2003. Total revenue stood at Rs 20.7 crore as opposed to Q1 2002-2003 of Rs 15. 42 crore. Profits for the same period stood at 1.66 crore up by 23% for 2003-2004.
S. Narayanan, Chairman and Managing Director, said, "The opportunity for growth in our business is boundless. We are beginning to witness demands growing in the carrier market. Emerging markets such as MAN (Metropolitan Area Network) is another growth opportunity for MRO-TEK."
MRO-TEK claims that it dominates the digital modem market with market share of 40% and remain clear market leaders in India.
Narayanan says, "The market continues to be challenging with a bag full of promise for future. We believe the momentum is picking up and will witness another boom in demand for last mile products beginning 2004 when most of the ISP's start going live on optic networks."
MRO- TEK is positioning itself to emerge as an ideal solution partner for MAN to LAN network. "Eventually every home will have high speed Internet. FCAT series and eSONA series with management, will aid the Service providers to successfully provide the connectivity between MAN (fiber) and LAN (ethernet). We are already in talks with major Carriers and Service providers in the country for deployment," Narayanan said.