Net4 India Profits up 84 Percent for FY11

Network and application services provider Net 4 India reported consolidated sales of Rs 304 crore for the year ended March 31, 2011, registering a growth of 56 percent.

 

 

The company’s net profit grew by 84 percent at Rs 21.13 crore during the period.

 

 

Its consolidated revenue during the Q4 grew by 53 percent from Rs 60 crore to Rs 92 crore. Net profit of Net 4 India increased 79 percent from Rs 3.3 crore to Rs 5.9 crore in Q4.

 

 

The market for our service offerings continues to grow at a good pace and we feel that it would continue for a while to come, as Indian businesses are still highly under penetrated.  We continue to expand the depth of our service ranges, add new service variants, optimize our productivity and improve our customer experience,” said Jasjit Sawhney, CMD of Net4 India.

 

 

Our new Data Centre facility in Chennai is going ahead full steam and will be ready for occupation by the last quarter of this financial year. We are seeing robust demand in the Data Centre and Cloud server space. We have added 300 customers in less than 6 months for our cloud server services and the momentum is getting stronger every month,” Sawhney added.

 

 

Net4 has a PAN India presence with offices in 11 major business cities. Net4 serves over 300,000 customers, which includes 850 Corporate Data Center Customers, 800 Enterprise Internet customers, 2800 Business VoIP customers, 85,000 hosted websites, 1 million paid business e-mail accounts & over 275,000 registered domain names. Net4 is amongst the largest provider of hosted email, web hosting and domain name registration) in the Asia-Pacific region.

 

By TelecomLead.com Team

 

editor@telecomlead.com