"Since Cloud Expo is running the week of June 10, we thought it'd be a great idea to schedule our Meetup this week. That way, if you have colleagues, friends, or family in town that week for the Expo, you can invite them to join you!" With those words, the OpenStack New York Meetup Group's organizer's launched a landing page this week where anyone interested can register for the June 12 evening event.| By PR Newswire | Article Rating: |
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| February 13, 2013 07:07 AM EST | Reads: |
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MUMBAI, February 13, 2013 /PRNewswire/ --
AGC Networks Limited, a Global ICT Solutions provider and Integrator in Unified Communications, Network Infrastructure, Data Centre & Virtualization and Enterprise Applications and a subsidiary of Aegis Limited, an Essar enterprise, today announced financial results for Q3, FY13.
Financial Highlights (YTD-Q3'FY13 as compared to YTD-Q3'FY12)
- Revenue increased by 12% from INR 695 Crs to INR 777 Crs
- Gross Margins increased by 14% from INR 177 Crs to INR 201 Crs
- EBITDA decreased by 10% from INR 64 Crs to INR 58 Crs
- PAT increased by 15% from INR 40 Crs to INR 45 Crs
FY-13 FY-12 YoY FY-13 FY-12 YTD
Q3 Q3 % Growth Q1 to Q3 Q1 to Q3 % Growth
Revenue 249 241 3% 777 695 12%
Gross Margin 62 63 -2% 201 177 14%
Gross Margin % 25% 26% 26% 25%
EBIDTA 3 29 -88% 58 64 -10%
EBIDTA % 1% 12% 7% 9%
PBT 17 23 -26% 50 51 -1%
PBT % 7% 9% 6% 7%
PAT 14 18 -24% 45 40 15%
PAT % 6% 8% 6% 6%
EPS (in Rs) 4.9 6.4 -24% 16.0 13.9 15%
Strategic Highlights
- Along with strong performance in the domestic market, AGC Networks continued extending in global markets including the Middle east, Africa and North America region as part of its strategy to expand foothold in different geographies
- Q3 FY13 witnessed significant customer wins in key sectors like Power & Utility, Travel & Hospitality and Education with continuing in roads into BFSI, IT / ITes, Telecom and GPD highlighting the core expertise of offering integrated technology solutions across quadrants
- The Services business and Networking solutions have been large contributors with Storage and Servers showcasing accelerated growth in the quarter
Speaking on the results, Mr. S K Jha, Managing Director & CEO at AGC Networks said, "The present macro-economic scenario across industries has been challenging in the past quarter and we have put key emphasis in working ever so closely with our partners and customers to constantly deliver innovative solutions. Additionally, we are gaining strong foothold in other global markets and will continue to drive momentum with strong traction for our integrated solutions."
Mr. Kunjal Mehta, Vice President, Finance, AGC Networks said, "Constant focus on delivering operational efficiency to our customers has led to maintaining our profit margins despite tough economic environment. While the business growth in domestic market is intact, we will continue to focus on expanding our solution offerings to build a long term growth strategy."
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. We deliver technology based solutions across quadrants and applications that are layered with a spectrum of services to clients in verticals like BFSI, IT / ITes, Manufacturing, Hospitality and Healthcare. These customized business solutions help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding technology solutions in their business processes. AGC has always been committed to enabling superior customer experience and offering best returns on their technology investments. AGC 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 visit http://www.agcnetworks.com.
About Aegis:
Aegis is a global outsourcing and technology 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 56 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 http://www.aegisglobal.com or follow us on Facebook (http://www.facebook.com/aegisglobal) and Twitter (@aegisonline).
Primary Media Contact: Neelam Kapoor, neelam.kapoor@agcnetworks.com, 91-9819730611
Secondary Media Contact: Natasha Bhattacharya, Natasha.bhattacharya@2020msl.com, 91-9819088818
Published February 13, 2013 Reads 571
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“Open source has always provided a number of benefits, including easing adoption costs, propagating a better understanding of the technology, and allowing for faster evolution and commercialization of products and services based on it,” noted Terry Woloszyn, Founder & CEO, Leeward Security Ltd., in this exclusive Q&A with Cloud Expo Conference Chair Jeremy Geelan. “This is clearly evident with the OpenStack and CloudStack,” Woloszyn continued, “and others that have been quickly commercialized as...
SYS-CON Events announced today that OpenStack will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York. OpenStack software controls large pools of compute, storage, and networking resources throughout a datacenter, all managed by a dashboard that gives administrators control while empowering their users to provision resources through a web interface.
OpenStack powers some of the most widely-used SaaS app...
SYS-CON Events announced today that BUMI (Backup My Info!), the premium provider of managed online backup and recovery solutions for small to mid-sized businesses, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
Manhattan-based BUMI (Backup My Info!) is a premium managed service provider specializing in online data backup and recovery. Founded in 2002, the company's data backup and recovery serv...
SYS-CON Events announced today that nfina Technologies, a provider of highly reliable cloud server products, will exhibit at SYS-CON's 12th International Cloud Expo, which will take place on June 10–13, 2013, at the Javits Center in New York City, New York.
nfina Technologies develops, manufactures, and markets highly reliable cloud server products, designed to solve the most demanding data center requirements in mission-critical cloud applications. Nfina’s staff has decades of experience in co...
In his session at the 12th International Cloud Expo, Dave Eichorn, Global Data Center Practice Head at Zensar, will share a case study describing how a utility services company handled the migration of its Microsoft platform to the cloud. Challenged with the time-consuming task of opening operations out of temporary offices, this company struggled with the need to simultaneously access data that was accumulated from a vast amount of data-intensive jobs. Zensar migrated the company’s application ...
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Organizations across the world are increasingly starting to see the benefits of moving more and more services to the cloud. The focus on the cost-saving potential of cloud is rapidly shifting to completely transforming the business with cloud. As organizations are investing enormous sums on technology they are starting to realize that in order to maximize the return on investment and accelerate the business transformation process the first area of focus should be people. By ensuring the organiza...
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Wowrack’s core expertise lies in high-availability Private and Public Cloud IaaS Hosting Solutions. Wowrack provides a true Hybrid service – where business release all IT management and hardware provisioning – taking the data center and server system administrative headaches off our customer’s shoulders. ...
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