Tulip Telecom income up 15% to Rs 2705 crore in FY2012

Telecom Lead India: Tulip Telecom, an enterprise data
service provider, has posted revenues of Rs 2705.1 crore in fiscal 2011-12, up 15.1
percent over FY11.

Tulip Telecom’s revenues in Q4 2011-12 were Rs 662 crore, up
3.7 percent over the same quarter of previous fiscal.

Tulip posted net profit of Rs 309.7 crore for 12 months
ended March 31 2012, up 1.1 percent over previous fiscal.

Profit in fourth quarter was Rs 82.7 crore against Rs 67.1
crore in Q4 2010-11.

Recently, Tulip launched world’s third largest data center
in Bangalore with an investment of Rs 900 crores in FY 11 and registered
leading names such as, NTT, IBM and HP as some of its major customers.

Our focus for FY 12-13 will remain on strengthening our managed
services portfolio leveraging Tulip’s strong presence in the data center space,
while Tulip’s fiber based data connectivity business continues to strengthen
with an expanded product and service offerings,” said HS Bedi, CMD, Tulip

Tulip Telecom said it is experiencing growing interest and
needs of the Government and BFSI sectors for end-to-end information communication
and technology services.

Tulip has revived its business strategy by adopting a
vertical approach, streamlining its business lines like enterprise services
business, managed services business and government business.

The company bagged large orders for its data center and connectivity
businesses. These orders included – Rajasthan State Crime and Criminal Tracking
Network & Systems (CCTNS) a Central Government funded project worth Rs
48.88 crore for a period of 3 years, a restructured accelerated power development
reforms program (R-APDRP) project for the State of Bihar worth Rs 24.78 crore
for a period of 5 years, a connectivity order from Sahara parabanking worth Rs
50 crore.

It also won 6th R-APRDP project in Bihar. The company is now
the network bandwidth service provider for offering services in Bihar, Andhra
Pradesh, Punjab, Uttarakhand, Uttar Pradesh and Gujarat with a cumulative
project value of about Rs 275 crore.

Recently, it won order from one of India’s largest IT
companies worth Rs 19 crore to manage the network for their APDRP projects.

EMC to power Tulip Telecom managed on-demand storage services

Recently, EMC announced that Tulip Telecom will provide
managed on-demand storage services and Backup-as-a-Service (BaaS) using EMC
unified storage and backup and recovery technologies from the Tulip data center
in Bangalore.

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