Tulip Telecom records 20.2 percent increase in net profit


Tulip Telecom reported net profit of Rs. 77.1 crore for
the first quarter ending June 30, 2011 as against Rs 64.2 crore in
corresponding quarter for the previous fiscal, registering an increase of 20.2



The company’s net sales for the quarter stood at Rs 653.9
crore against Rs 525.2 crore for the corresponding quarter in the previous
fiscal. The company posted a diluted EPS of Rs 4.75 up 20 percent over the
previous fiscal.


The growth during the quarter was primarily lead by the
end-to-end data services offering of the company through its extensive fibre
network, further ensuring higher wallet share per customer.


The company took significant strides forward in its
international connectivity business by adding customers like HDFC Bank and
Reckitt Benckiser. The continued focus on Managed Services offering has yielded
substantial business traction for the company enabling the company to add
customers from diverse sectors.


The company further added Karur Vysya Bank, OICL, Matrix
Cellular, and Reliance Life Insurance to its portfolio of customers during the


Progress towards building world’s 3rd largest
Data center in Bengaluru, India is on track. IBM and SCHANBEL were appointed as
its partners during the quarter.


The Company is in the process of laying National Long
Distance(NLD) fibre of 1200 KM between Mumbai to Chennai. The route will cover
prominent and high bandwidth traffic cities viz Mumbai, Pune Belgaum, Bengaluru
and Chennai.


In line with our vision, we are seeing a visible shift
in our profile from being an Enterprise Connectivity provider to an integrated
Enterprise Data Services player. The strategy to provide high quality data
solutions and thereby maximize earnings from every customer by servicing their
end-to-end connectivity needs is paying off,” said HS
Bedi, chairman and managing director, Tulip Telecom


We are focusing on consolidating the management team
with a view to reinforcing service delivery and customer satisfaction levels
which we believe will not only enable customer stickiness in the longer run but
will also enable us to cement our position as the leading player in Enterprise
Data Services market over the next few years,” Bedi added.


We believe Tulip is at the beginning of a new phase and
we aim to establish ourselves as the leading player in the Enterprise Data
Services market in the years to come. We intend to achieve this by deeply
mining customer relationships by offering end-to-end data solutions and having
a large share of their wallet spend. We are already enthused by the progress so
far and are confident of rapid scale up in the future,” said Sanjay Jain, CEO,
Tulip Telecom.


By Telecomlead.com Team

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