April 22 (Reuters) – India’s Tata Communications reported a 9.4% rise in fourth-quarter revenue on Wednesday, supported by demand for cloud infrastructure and high-bandwidth cable services housed under its data services unit.
• Revenue from its mainstay data services business rose 11.5% to 56.84 billion rupees ($606 million), boosting overall revenue to 65.54 billion rupees.
• Profit dipped to 2.63 billion rupees for the three-month period ended March 31 from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary.
• “This quarter, we had some interesting deal wins around network transformation, multi-cloud connectivity and employee interaction capabilities for enabling global capability centres”, CEO-designate Ganesh Lakshminarayanan said.
• Peers Reliance Jio and Bharti Airtel, whose enterprise businesses form a smaller part compared with their core telecom services, will report fourth-quarter results on Friday and next week, respectively.
($1 = 93.7950 Indian rupees)
(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Sherry Jacob-Phillips)
Comments