AGC Networks posts 98% increase in revenue at 257 crore in Q2

AGC Networks, a solutions integrator in unified communication, network
infrastructure, information security and business application and consulting, posted 98
percent increase in revenue at Rs 257 crore in Q2 2011 as compared with Rs 130
crore in the same quarter year ago.

Profit after tax of  increased by 124
percent to Rs 19.06 crore, up from Rs 8.51 crore in the corresponding quarter
of last year.

“I am delighted to announce that AGC Networks Limited has delivered an
excellent quarter with strong growth in revenue, net income and earnings per
share. This quarter’s results emphasize the company’s intent of creating
profitable growth. This has been a tremendous achievement by all of the
dedicated personnel at AGC,” said SK Jha, managing director and CEO of AGC Networks.

AGC Networks which went through a rebranding exercise last year,
recently completed 25 years in the industry.

Over these years, AGC has transformed itself into a leader in the
enterprise communications space while keeping its focus around its business
strategy of being viable, accountable and delivery oriented towards its key
partners viz its customers, employees and stake-holders.

By Team
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