BWI: AGC Networks Announces 17% Revenue Growth for the H1 - FY13 with Revenues of INR 282 crs for Q2 - FY13 and Recommends BONUS in the Ratio of 1:1

Press release from Business Wire India
Source: AGC Networks Ltd.
Tuesday, October 30, 2012 06:11 PM IST (12:41 PM GMT)
Editors: General: People; Business: Banking & financial services, Business services, Information technology; Technology
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AGC Networks Announces 17% Revenue Growth for the H1 - FY13 with Revenues of INR 282 crs for Q2 - FY13 and Recommends BONUS in the Ratio of 1:1


Mumbai, Maharashtra, India, Tuesday, October 30, 2012 -- (Business Wire India) -- -- AGC Networks plans expansion in new geographies like North America, Philippines, MEA etc.

AGC Networks Limited, (BSE: 500463 and NSE: AGCNET) , a Global 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, today announced financial results for Q2, FY13.

Financial Highlights (Q2FY13 as compared to Q1FY13)

Strategic Highlights

-- AGC has established a firm presence in 12 regions across 4 Global markets with the wins of a Public Sector Bank, one of the largest state power utilities and one of the largest Radio cab companies.

-- The quarter was witness to AGC Networks being awarded 'Microsoft Gold
Partnership - Communications' competency demonstrating technology success and customer commitment

-- AGC was awarded with ISO/IEC 27001:2005 certification conducted by Det Norske Veritas Business Assurance (DNV) which is one of the world's leading certification bodies/registrars offering the latest in management systems certification services

-- The Services business witness a 44% growth over the last quarter and Unified communications witnessed a 9% over the last quarter

Speaking on the results, Mr. S K Jha, Managing Director & CEO at AGC Networks said, "AGC has been showing and delivering substantial growth not just in terms of the quarter but in terms of delivering differentiated customer value for the long term. We are focused on our strategy to help reach out to new geographies 'enabling customer experience' to more customers and continuing to make substantial investments in the newer geographies."

Mr. C.M. Sharma, Global Chief Financial Officer said: "The second quarter results highlight the growth that AGC Networks continues to achieve over and above the market growth. Continued investment in broadening our solutions portfolio and our geographic expansion, will help us continue this momentum in the coming quarters."

About AGC Networks:

AGC Networks Ltd. (BSE: 500463 and NSE: AGCNET) is a Global Solutions Integrator in Unified Communications, Network infrastructure, Data Center & Virtualization and Enterprise Applications. AGC has been delivering customized business solutions that help organizations accelerate revenue growth, increase market penetration, optimize operating costs and improve employee productivity, by embedding technology solutions in their business processes. It has always been committed to enabling superior customer experience and offering best returns on their technology investments. It partners with global leaders like Avaya, Juniper, NICE Systems, Aspect, Verint, HP, Polycom, Cisco, Microsoft, NEC, Sony, Plantronics, EMC, Dialogic, NetApp, Checkpoint and Jabra among others. AGC Networks is a subsidiary of Aegis Limited, an Essar Enterprise. For more information log on to http://www.agcnetworks.com/.

About Aegis:

Aegis is a global consulting, technology, outsourcing and training & education company committed to impacting clients' business outcomes by focusing on enhancing customer experience across all touch points and channels. Aegis was founded 30 years ago in the US and now has operations in 55 locations across 13 countries with more than 55,000 employees. Aegis services over 300 clients from verticals such as Banking, Financial Services & Insurance, Technology, Telecom, Healthcare, Travel & Hospitality, Consumer Goods, Retail, and Energy & Utilities. The company is wholly owned by the Essar Group, a USD 27 billion conglomerate.

For more information, visit www.aegisglobal.com or follow us on Facebook (www.facebook.com/aegisglobal) and Twitter (@aegisonline).

To view the Financial Highlights, please click on the link given below:

Financial Highlights
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Financial Highlight.pdf
Financial Highlight.pdf


CONTACT DETAILS
Neelam Kapoor, AGC Networks Ltd., +91 9819730611, neelam.kapoor@agcnetworks.com
Akanksha Mishra, 20:20 MSL, +91 9930338901, akanksha.mishra@2020msl.com
Manali Parmar, 20:20 MSL, +91 9833975722, manali.parmar@2020msl.com
Kashmeera Chhabra, Investor, AGC Networks Ltd., +91 9930136721, Kashmeera.chhabra@agcnetworks.com

KEYWORDS
PEOPLE, BANKING, BUSINESS SERVICES, IT, TECHNOLOGY

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