Tata Communications today announces its financial results for the quarter and year ended March 31st 2017.
Highlights | FY2017
|Consolidated Nos.||INR Crore||YoY Growth*||USD Mn||YoY Growth*|
* Not comparable due to Neotel and Data Centre stake sale.
|Core Nos.||INR Crore||YoY Growth**||USD Mn**||YoY Growth|
** Not comparable due to Data Centre stake sale Fx Impact: Revenue – INR 279 Crore; EBITDA – 31 Crore
Highlights | Q4 FY2017
|Core Nos.3||INR Crore||QoQ Growth||YoY Growth*||USD Mn||QoQ Growth||YoY Growth*|
|EBITDA margin||11.7%||(170 Bps)||(470 Bps)||11.7%||(170 Bps)||(470 Bps)|
* Not comparable due to Data Center stake sale.
Commenting on the results, Vinod Kumar, MD and CEO, Tata Communications, said, “Market demand for our services remain strong and we continue to increase our wallet share with large global enterprises. The conclusion of the Data Center and Neotel deals makes us stronger, more agile. This will help drive focus and momentum into our evolution from a traditional telco to a next generation digital enablement provider.”
Commenting on the results, Pratibha K. Advani, CFO, Tata Communications, said, “We continue to witness strong growth momentum in our data services portfolio. This has helped us in maintaining our operating margins and improving our free cash flows.”
Corporate highlights | Q4 FY2017
Business highlights | Q4 FY2017
An Investor fact sheet providing a detailed analysis of the results for the quarter ended March 31st 2017 has been uploaded on the Tata Communications website and can be accessed at:
 Traditional services include Virtual Private Network, International Private Line, Internet Leased Line, Ethernet, Internet Protocol –Transit, Inmarsat, Content Delivery Network, National Private Line, Mobility, Data Centre, Unified Collaboration and Conferencing
 Growth services include IZO™, Managed Hosting, Managed Security Services, Broadcast, Video Connect, SIP Trunking, Global Hosted Contact Center, Video Streaming, Mobile New Services, Healthcare, Media Management and Mobile Innovation.
 Core – Consolidated less Neotel
FOR IMMEDIATE RELEASE
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Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to over 240 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
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