BWI: AGC Networks’ Q3 Net up 42%

Press release from Business Wire India
Source: AGC Networks Ltd.
Saturday, July 31, 2010 04:16 PM IST (10:46 AM GMT)
Editors: General: Consumer interest, Economy; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges, Telecommunications; Technology
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AGC Networks' Q3 Net up 42%
Has aggressive future plans for the longer term benefit of Customers and Employees

New Delhi, Delhi, India, Saturday, July 31, 2010 -- (Business Wire India) -- AGC Networks Ltd (formerly Avaya GlobalConnect), India's leading enterprise communications solutions integrator, today reported a consolidated Profit after Tax (PAT) for the third quarter ended June'10 at Rs. 7.36 Cr (up by 42.4% YOY). The company recorded a consolidated sales/income of Rs. 134.31 cr for the quarter.

The company's strategy has always been to provide best-in-class solutions for enterprise communications. Its constant endeavour has been to address industry pain points to accelerate their customers' business.

Along with business expansion, AGC Networks, through its program AGC-Univ will be actively investing in the competency development, professional guidance and viable, long-term growth plans for its people. Its focus on people was highlighted in a recent article that rated AGC among the best paymasters in India.

According to Anil Nair, Managing Director, AGC Networks Ltd., "We are delighted with Q3 business results. We look forward to maintaining a very healthy trajectory in terms of profitable growth in future quarters too. AGC Networks is now working on aggressive plans involving new geographies, showcasing the best brands in technology and introducing innovative business models that would benefit customers, making them more efficient and profitable. We aim to offer our customers a wider bouquet of intelligent communications to attain higher revenues while providing best returns on their technology investments (ROTI)."

AGC Networks ascribes its credible and successful track record and market dominance in the enterprise communications space for over 23 years, first as Tata Telecom and then as Avaya GlobalConnect, to the loyalty of its legion of satisfied customers and skilled employees.

Anil Nair further added, "Our customers will continue being partners in our success, as we keep on growing and expanding our operations across a much wider canvas within a new ownership structure. Customers trust us for our integrity and competencies in handling real time networks perfectly, while maintaining the strictest confidentiality about customer designs, price levels, processes and deployment. "

AGC Networks credibility has been further strengthened with the awards that have been conferred on the company recently. The company won the award for "Excellence in Unified Communication Solutions" at the Infocom CMAI National Telecom Awards in May 2010.

AGC has also won the "Award for Continuous Innovation in HR Strategy at Work" at Asia's Best Employer Brand Awards Forum 2010 held at Singapore on 23rd July 2010.

About AGC Networks

AGC Networks Ltd. is India's leading enterprise communication solution integrator delivering customized business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding communication in their business processes. With a vision of being a world class solution integrator of choice, AGC Networks Ltd. has always remained committed to providing clients with the best returns on their technology investments. It partners with global leaders like Avaya, NICE Systems, NEC, Polycom, Plantronics, Jabra, Extreme Networks, HP and Sony. For more information visit the AGC Networks Ltd. web site: http://www.agcnetworks.com/


CONTACT DETAILS
Chhavi Leekha Sharma, AGC Networks Ltd, +91 (124) 4093330, Chhavi.Sharma@agcnetworks.com
Nidhi Mehra, 20:20 MEDIA, +91 9818331654, nidhimehra@2020india.com

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CONSUMER, ECONOMY, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TELECOMMUNICATIONS, TECHNOLOGY

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