Mumbai, August 02, 2019
Tata Communications today announces its financial results for the quarter ended June 30th 2019.
|YoY Growth||USD Mn||QoQ
|EBITDA margin||19.8%||370 Bps||490 Bps||19.8%||370 Bps||490 Bps|
Commenting on the results, Pratibha K. Advani, Chief Financial Officer, Tata Communications, said,
“Our strategic focus on offering best-in-class digital infrastructure solutions is showing results. The overall share of profitable Data services is increasing and performance during the quarter reflects the continued momentum. Robust growth in our Enterprise business (+20%) and Growth services (+29%) is testament to the fact that we are considered as a preferred digital transformation partner. With our continued market focus, we have won large deals across our product portfolio from some of the biggest global enterprises, which are in different stages of execution. Our Data business has witnessed robust performance both in terms of revenue and profitability. We have a strong order book and we expect this trend to continue as we keep executing large deals. We are reimagining and transforming our systems, processes and cost structure to achieve even higher level of efficiencies and profitability.”
An investor fact sheet providing detailed analysis of the results for the quarter ended June 30th, 2019 has been uploaded on the Tata Communications website and can be accessed here.
Business highlights | Q1 FY2020
|Shahnaz Mansoor (Media Contact) Tata Communications +91 98339 96903 firstname.lastname@example.org||Vipul Garg (Investor Contact) Tata Communications +91 (11) 6625 7431 email@example.com|