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Net4India profits rise 84% to Rs 21.13 crore for fiscal 2011

Web network and application services provider Net4India has posted
a 83.7 per cent rise in Profit after Tax (PAT) to Rs 21.13 crore for the year
ended March 31, 2011 from Rs 11.50 crore reported for the year ended March 31, 2010.
For the quarter, the company’s consolidated revenues grew by 53 per cent from Rs
60 crore to Rs 92 crore whilst the PAT grew by 79 per cent from Rs 3.3 crore to
5.9 crore.

Web network and application services provider Net4India has posted
a 83.7 per cent rise in Profit after Tax (PAT) to Rs 21.13 crore for the year
ended March 31, 2011 from Rs 11.50 crore reported for the year ended March 31, 2010.
For the quarter, the company’s consolidated revenues grew by 53 per cent from Rs
60 crore to Rs 92 crore whilst the PAT grew by 79 per cent from Rs 3.3 crore to
5.9 crore.

Jasjit Sawhney, CMD, Net4 India, said, “We are extremely
pleased with our performance this year. This has been achieved as a result of
growth across all our service offerings. 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.”

Net4 has a pan India presence with offices in 11
major business cities and 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 and
over 275,000 registered domain names. 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 also operates
seven internet data centers (IDCs) and 15 network points of presence across the
country, providing the highest possible levels of availability, scalability and
security.

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