- Company posts stellar results for FY 11; Revenue jumps by 56%
- Earnings per share rise to Rs 10.84 an increase of 63%
- Yet another record quarterly and yearly performance.
Leading Network and Application services provider Net 4 India today posted impressive results for the year ended March 31, 2011 with the consolidated sales of Rs 304 cr (up by 56%) , a 84% rise in PAT at Rs 21.13 cr and a 63 % growth in EPS to Rs 10.84.
The results for Q4 were also quite impressive. On a YoY basis Consolidated Revenue grew by 53% from 60cr to 92 cr, whilst the PAT grew by 79% from 3.3cr to 5.9cr
Announcing the results, Mr. Jasjit Sawhney, CMD Net4 India Ltd, said, “We are extremely pleased with our performance this year. This has been achieved as a result of growth across all our service offerings”.
He said,” 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”.
“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, Mr. Sawhney pointed out.”
Going forward our challenge will be to maintain the high growth rates we achieved in the recent past over the long term. We are confident that the combination of growing markets for our services, high quality services, our existing scale, potential geographical expansion and a highly dedicated team will be able to deliver good growth in the future.
More From This Section
About Net4
Net4 is India’s leading Network and Application Services Provider. It is a NSE & BSE listed company with consolidated revenues to the tune of Rs. 304 Crores (2010-11). Net4 focuses on providing services to businesses (small, medium and large) and its offerings include Enterprise Internet Services, Data Centre Solutions, VoIP Solutions, and Enterprise Messaging, Hosting & Hosted Application services.
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 (www.net4.in) in the Asia-Pacific region.
The company’s client base includes the likes of CNBC TV18, Essar, Godrej, Hutch, ITC, L&T, Lufthansa, NIIT, ONGC, Proctor & Gamble, Reliance, Sahara, SBI, Siemens, and TCS.
Net4 operates seven (7) state-of-the-art Internet Data Centers (IDCs) and 15 Network Points of Presence across the country, providing the highest possible levels of availability, scalability and security. This infrastructure is connected to a 2 GBPS Internet Backbone across multiple undersea cables and to NIXI via STM1 – DS3 interconnects in all cities. Net4 also manages a VoIP/ SIP infrastructure with a capacity of 100 million minutes per month hosted out of India & U.S.A.
Net4 has the distinction of being the first Internet services company in the World to be IS0 27001 certified, for Information Security standards adopted at its Data Centers.
It is also ISO 9001:2000 certified, a Microsoft Gold Partner and an ICANN & .IN accredited Domain Name Registrar.