Tata Telecom posts 28% revenue growth in H1 2002-03

By SiliconIndia   |   Friday, 25 October 2002, 07:00 Hrs
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Tata Telecom, India's leading enterprise end-to-end converged communication solutions provider and an equal joint venture partner with US-based Avaya, has announced its unaudited financial results for the six months period ended September 30, 2002.

NEW DELHI: For the half-year ended September 2002, the company reported a turnover of 129.65 crores as compared to 101.36 crores in the corresponding previous period, a growth of 27.91%. The profit after tax (PAT) stands at 4.92 crores as compared to Rs 4.28 crores in the corresponding previous period, an increase of 14.95%.

For the second quarter of 2002-03, Tata Telecom has recorded a revenue of 70.05 crores as compared to 59.73 crores in the corresponding previous period, an increase of 17.28%. The company posted a PAT of 3.33 crores as compared to Rs 3.10 crores in the corresponding previous period, an increase of 7.42%. Anticipating business challenges, the company is on target in its planned business strategy of transforming into an end-to-end converged communications solutions provider. The company has only one business segment, namely Business Communication Solutions.

Speaking at the board meeting Mr. Niru Mehta, Vice Chairman, Tata Telecom and Vice President & Managing Director, Avaya India said, "These six months have seen us responding to customers' emerging needs very aggressively. And, I am glad it is showing great results. One of the key factors promoting this has been our strengthened end-to-end converged communication solutions portfolio. I believe that the future lies in convergence and IP, and our sharply focused customer centric business strategy will reap rich dividends in the coming quarters".

During the course of H1 in FY 2002-03, Tata Telecom aggressively strengthened its end-to-end converged communication solutions portfolio. It has further consolidated its position in every business area that it operates in. The company continued to maintain its leadership position in the voice communication solutions market and the call center market, and, has emerged as a formidable force in the data networking market. As a focused marketing strategy, the company perseveres in its focus on high-growth vertical segments of IT enabled services, call centers, educational institutes, banking and finance, hospitality, among others. This has enabled it to achieve the current growth status.

In HI of FY 2002-03, Tata Telecom further strengthened its market leadership in the call center segment and launched Avaya Global Connect Solutions, a strategic initiative aimed at US corporates evaluating business process outsourcing in order to motivate them to globalize contact centers and BPO operations by expanding operations to places such as India.

An enhanced contact center solution for cost effective back-office globalization strategies, Avaya Global Connect Solutions leverage the entire portfolio of front office/back office solutions in contact centers, unified communication, data and voice networking, managed services, among others. Facilitating contact centers to move up the value chain, Tata Telecom also launched state-of-the-art customer experience management (CEM) solutions -- a technology platform facilitating contact centers to enhance customer loyalty through effective relationship management.

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