AGC Networks announces 69% Revenue Growth for FY 2011-12
Posted on Wednesday, 02 May 2012
Mumbai, Maharashtra, India : AGC Networks Limited, India’s leading ICT Solutions provider and Integrator in Unified Communication, Network Infrastructure, Data Centre, Virtualization and Enterprise Applications and a subsidiary of Aegis Limited, an Essar enterprise, announced financial results for the fourth quarter and full year for 2011-12.
Key Financial Highlights
-- Q4 2011 Revenues of Rs. 303 crores with EBITDA of Rs. 41.7 crores at EBIDTA Margin of 13.8%
-- Revenue grew by 56% and EBIDTA by 235% over Q4 2010 - 2011
-- FY 2011-12 Revenues at Rs 998 crores with EBITDA of Rs 108.5 crores at EBIDTA Margin of 11%
-- Revenue grew by 69% and EBIDTA by 107% over FY 2010-11
-- 150% dividend declared of Rs. 15/- per share as compared to 45% last year (including dividend of Rs. 5/- per share (50%) on company completing 25 years)
AGC Networks which differentiates itself by providing vertical-specific solutions through an array of key alliance partner led solutions in Voice, Video, Data and Information Security. The company organizes its solutions along vertical based practices such as BFSI, Telecom, IT/ ITes, Manufacturing, Hospitality and Healthcare and the Government and Public sector. These customized solutions can be experienced at AGC’s State-of-the-art ‘Customer Experience Centre’ where real-life business environments are simulated for clients.
Speaking on the results, Mr. S K Jha, Managing Director and CEO of AGC Networks Limited said: “We have seen impressive growth in the year and will keep the momentum going through our well defined growth strategy. We are expanding our presence in other geographies of US, ANZ, Philippines, and MEA regions. We have also got all our key technology alliances and solutions aligned to these markets and synchronized with our Ten Cube strategy.”
Mr. C.M. Sharma, Global Chief Financial Officer of Aegis Limited said: “The financial performance for the past year has seen a jump of 69% in our revenues over the previous year, with EBITDA registering over 100% growth. The fourth quarter has been phenomenal and we have seen a 235% jump in EBITDA over same period last year.”
Mr. Sanjeev Verma, President, Global Sales & Business Operations, adds “Our greatest asset in achieving higher goals is our people power. In the last year, we have seen our headcount grow by 22% including recruitment of Graduate Engineering Trainees (GETs) and onboarding of differently-abled people. We have provided over 6500 man hours of training to empower our team to achieve greater results. This coupled with the business thrust and improved customer confidence through our multi-quadrant focus has played a key role in our performance.”