VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Tata Communications has announced its financial results  for the quarter and half year ended September 30, 2012. Consolidated gross revenues showed an increase of 27% at Rs.42,710 million (USD774 million @avg. Fx of INR/USD55.21) in Q2 FY2013 from Rs.33,736 million (USD738 million @avg. Fx of INR/USD45.74) in the corresponding quarter last year. The core Business revenues were up by 30% at Rs.37,840 million (USD685 million) from Rs.29,079 million (USD636 million) in Q2 FY2012.  Consolidated Gross Revenues stood at Rs.83,784 million (USD1,535 million @avg. Fx of INR/USD54.60) in H1 FY2013 from Rs.66,307 million (USD1,466 million @avg. Fx of INR/USD45.23) last year, showing an increase of 26%. The Core Business delivered revenue growth of 28% at Rs.74,305 million (USD1,361 million) from Rs.57,842 million (USD1,279 million) in the corresponding period last year..... See More

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   MindTree has announced its standalone results for the first quarter ended June 30, 2012, as approved by its Board of Directors. Krishnakumar Natarajan, CEO & MD, MindTree said, “The global demand environment continues to be challenging as customers are cautious in their IT spending. However, with our strategic initiatives, we expect to achieve NASSCOM’s current industry estimates for FY2013. Our margins have shown consistent improvement over the last 4 quarters and we will continue to focus on operational efficiencies as we move forward.  Given the great progress we have made, we are embarking on multiple initiatives to enhance our competitiveness, that will elevate us to the next level.” Key financial highlights Revenue at $105.5 million (growth of 0.4% q-o-q / 14% y-o-y) and Net Profit at $16.7 million (growth of 21.3% q-o-q / 116.2% y-o-y) in USD terms, whereas,  In Rupee terms: Revenue is at `5,630 million (gr...