AGC Networks Announces 25% Revenue Growth for the First Quarter of 2012-13
AGC Networks Limited, a Global ICT Solutions provider and Integrator in Unified Communication, Network Infrastructure, Data Centre & Virtualization and Enterprise Applications and a subsidiary of Aegis Limited, an Essar enterprise, today announced financial results for the first quarter for 2012-13.
Key Financial Highlights
-- Q1 2012 Revenues of Rs 246 crores with EBITDA of Rs 23.7 crores at EBIDTA Margin of 9.4%
-- Growth in Revenue by 25% and EBIDTA by 301% over Q1 2011
-- Growth of 680% in PAT over Q1 of last year
Tables
Business Outlook
Over the last two and a half decades, AGC has undergone a significant process of transformation. However, the focus has continued to remain on ‘Enabling Experience’ for customers. The 10 cube strategy is a key enabler and differentiator and deliverable at AGC. The 10 cube strategy focuses on the emerging futures through a multi solutions, multi alliances and multi geographies strategy. This strategy is supplemented with an in-depth domain expertise to ensure adaptability to the exacting requirements of customers.
The organization will continue to deliver by being the ‘Experience Specialist’ for its customers across the globe. The 10 Cube strategy enables the organization to stay focused on providing a seamless experience to customers at every touch point.
Speaking on the results, Mr. S K Jha, Managing Director and CEO said: “We have seen impressive growth in the year and will keep the momentum going through our well defined growth strategy. Foreseeing the non linear growth opportunities on the horizon, AGC continues to add new logos across verticals both in India and in our extended geographies.”
Mr. C.M. Sharma, Global Chief Financial Officer said: “AGC Networks continues to do well in improving its profit margin while maintaining its revenue mix of 70% and 30% between solution and services.”
About AGC Networks:
AGC Networks Ltd. (BSE: 500463 and NSE: AGCNET) is a Global Solutions Integrator in Unified Communications, Network infrastructure, Data Center & Virtualization and Enterprise Applications. AGC has been delivering customized business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding technology solutions in their business processes. It has always been committed to enabling superior customer experience and offering best returns on their technology investments. It partners with global leaders like Avaya, Juniper, NICE Systems, Aspect, Verint, HP, Polycom, Cisco, Microsoft, NEC, Sony, Plantronics, EMC, Dialogic, NetApp, Checkpoint and Jabra among others. AGC Networks is a subsidiary of Aegis Limited, an Essar Enterprise. For more information log on to www.agcnetworks.com.
About Aegis:
Aegis is a global consulting, technology, outsourcing and training & education company committed to impacting clients’ business outcomes by focusing on enhancing customer experience across all touch points and channels. Aegis was founded 30 years ago in the US and now has operations in 55 locations across 13 countries with more than 55,000 employees. Aegis services over 300 clients from verticals such as Banking, Financial Services & Insurance, Technology, Telecom, Healthcare, Travel & Hospitality, Consumer Goods, Retail, and Energy & Utilities. The company is wholly owned by the Essar Group, a USD 27 billion conglomerate.
For more information, visit www.aegisglobal.com or follow us on Facebook (www.facebook.com/aegisglobal) and Twitter (@aegisonline).
Key Financial Highlights
-- Q1 2012 Revenues of Rs 246 crores with EBITDA of Rs 23.7 crores at EBIDTA Margin of 9.4%
-- Growth in Revenue by 25% and EBIDTA by 301% over Q1 2011
-- Growth of 680% in PAT over Q1 of last year
Tables
Business Outlook
Over the last two and a half decades, AGC has undergone a significant process of transformation. However, the focus has continued to remain on ‘Enabling Experience’ for customers. The 10 cube strategy is a key enabler and differentiator and deliverable at AGC. The 10 cube strategy focuses on the emerging futures through a multi solutions, multi alliances and multi geographies strategy. This strategy is supplemented with an in-depth domain expertise to ensure adaptability to the exacting requirements of customers.
The organization will continue to deliver by being the ‘Experience Specialist’ for its customers across the globe. The 10 Cube strategy enables the organization to stay focused on providing a seamless experience to customers at every touch point.
Speaking on the results, Mr. S K Jha, Managing Director and CEO said: “We have seen impressive growth in the year and will keep the momentum going through our well defined growth strategy. Foreseeing the non linear growth opportunities on the horizon, AGC continues to add new logos across verticals both in India and in our extended geographies.”
Mr. C.M. Sharma, Global Chief Financial Officer said: “AGC Networks continues to do well in improving its profit margin while maintaining its revenue mix of 70% and 30% between solution and services.”
About AGC Networks:
AGC Networks Ltd. (BSE: 500463 and NSE: AGCNET) is a Global Solutions Integrator in Unified Communications, Network infrastructure, Data Center & Virtualization and Enterprise Applications. AGC has been delivering customized business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding technology solutions in their business processes. It has always been committed to enabling superior customer experience and offering best returns on their technology investments. It partners with global leaders like Avaya, Juniper, NICE Systems, Aspect, Verint, HP, Polycom, Cisco, Microsoft, NEC, Sony, Plantronics, EMC, Dialogic, NetApp, Checkpoint and Jabra among others. AGC Networks is a subsidiary of Aegis Limited, an Essar Enterprise. For more information log on to www.agcnetworks.com.
About Aegis:
Aegis is a global consulting, technology, outsourcing and training & education company committed to impacting clients’ business outcomes by focusing on enhancing customer experience across all touch points and channels. Aegis was founded 30 years ago in the US and now has operations in 55 locations across 13 countries with more than 55,000 employees. Aegis services over 300 clients from verticals such as Banking, Financial Services & Insurance, Technology, Telecom, Healthcare, Travel & Hospitality, Consumer Goods, Retail, and Energy & Utilities. The company is wholly owned by the Essar Group, a USD 27 billion conglomerate.
For more information, visit www.aegisglobal.com or follow us on Facebook (www.facebook.com/aegisglobal) and Twitter (@aegisonline).