Net4
India, a network and application services provider, posted consolidated revenue
of Rs 116.7 crore in Q2 2011-12 from Rs 77.4 crore in the same quarter
previous fiscal, showing an increase of 50.9 percent.
The company posted consolidated profit of Rs 9.5 crore in Q2 2011-12 from Rs
5.8 crore, an increase of 65.1 percent.
Revenue growth was robust across all our service offerings. Its web services
business growth has seen excellent traction, adding over 40,000 customers in
the last quarter alone.
“We are delighted with the company’s ongoing growth momentum and our
recent acquisition has only added to it. Cloud, SaaS and Private Cloud &
Virtualization solutions have been big kickers in our growth trajectory in the
last 6 months,” said Jasjit Sawhney, CMD, Net4 India.
The company has reported a rise of 71.2 percent in its H1 2011-12 consolidated
net profit at Rs 15.03 crore against Rs 8.78 crore in the corresponding first
half in the last fiscal year. EPS increased by 61 percent from Rs 4.64 per
share to Rs. 7.49 per share for the first half of the current financial year.
The consolidated revenue of the company has also climbed up by 52.6 percent to
Rs 192.9 crore in H1 from Rs 126.4 crore in the corresponding half year in the
last financial year.
“We believe there is considerable latent growth potential in the Indian
market that we are ideally positioned to tap into it. The Indian market remains
highly under-penetrated in terms of the number of web sites hosted or the
number of domain names registered, or the amount of businesses using hosted
/cloud applications. We remain confident of similar growth in the near term and
continue to work towards products, markets and strategies that will help us
elongate this growth cycle,” Sawhney added.
By Telecomlead.com Team
editor@telecomlead.com
