Digital networks provider Sterlite Technologies said it posted revenue of Rs 707 crore (+15 percent), EBITDA of Rs 166 crore (+19 percent) and profit after tax of Rs 64 crore (+16 percent) in the fourth quarter of fiscal 2017.
“We are witnessing growth in new technologies such as cloud computing, IoT, M2M and artificial intelligence, which is creating the need for new networks based on very high data speeds and very low response time,” said Anand Agarwal, CEO of Sterlite Tech.
The strategy of Sterlite Technologies is to increase in capacity and capabilities to meet its customers’ needs.
Business highlights in FY 2017
# Crossed the milestone of transforming digital infrastructure in over 100 countries
# Created smarter broadband networks in the toughest terrains of the world, including Iceland, Amazonian rain forests and Jammu and Kashmir
# Emerged as the leading player in Smart City development with three smart cities
# First commercial sales of smarter FTTH solutions to India’s top telecom operator
# Sterlite Tech Academy launched and 200 professionals from telecom operators certified
# Formed advisory board with Sandip Das and BS Shantharaju
The main customers of Sterlite Tech are telecom service providers, smart cities, rural broadband and defense. The Indian networking company focuses on designing, building and managing smarter networks by supplying optical fibre, optical fibre cables and data cables, and managing system and network integration services and offering software (OSS/BSS).
Sterlite Technologies closed its order book at Rs 3,018 crore. Sterlite Technologies said the order book is evenly balanced between the products, services and software offerings, and maintains a strong international focus.
Sterlite Tech announced the optical fibre capacity expansion to 50 million fkm in phases. With 50 million km of a fully-integrated optical fibre facility, Sterlite Tech will be amongst the top integrated fibre providers globally.
Sterlite Technologies has a growing patent portfolio of 146 and Centre of Excellence in Aurangabad, India.