AGC Networks Announces Q2 FY20 Financial Results - Essar | Creating Value

AGC Networks Announces Q2 FY20 Financial Results

Nov 15th, 2019

Visible Effects Of Focus On Revenue And Profitability

Mumbai, 14 November 2019: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), the trusted go-to Technology Integrator announced financial results for quarter ended 30 September, 2019.

 

Consolidated Financial Highlights for the quarter & half year ended 30 September 2019                          Rs/Crores

Particulars

Q2
(FY 19-20)

Q1
(FY 19-20)
Q2
(FY 18-19)*
H1
(FY 19-20)

H1
(FY 18-19)*

Revenue

1,258.67

1,227.87 196.72 2,486.54

385.03

EBIDTA

Before Exceptional items & before impact of Ind AS 116 (accounting for leases)

63.56

52.27 11.36

115.83

19.97
EBIDTA

Before Exceptional items & after impact of Ind AS 116 (accounting for leases)

87.69

72.95 11.36

160.64

19.97
PBT

37.84

15.53 5.68

53.37

11.96
PAT

35.50

13.56 4.64

49.06

10.42

Adjusted PAT (Before Exceptional items)

48.60 18.22 3.13 66.82

6.25

*Q2 FY19 and H1 FY19 figures do not include results of Black Box Corporation & its subsidiaries and COPC Holdings  Inc. and its subsidiaries that were acquired in January 2019

 Business Highlights 

Black Box acquisition continues to be value accretive through various integration and optimization initiatives leading to improved performance.

Speaking on the announcement of the financial results, Sanjeev Verma, Whole-time Director, AGC Networks said “We will continue to focus on taking new age technology solutions tailored for the Digital-ready enterprise and provided through an extended portfolio of support services to both the AGC and Black Box customers.  This, we believe is seen as a great value by AGC’s customer base spread across the 30+ global markets that we operate in. Our re-organization of India business should further enhance value in the coming quarters.”

Deepak Kumar BansalChief Financial Officer, AGC Networks said “The combined organization continues to focus on cost optimization and revenue-driven profitable business as the two-pronged approach towards creating value for stakeholders.”

AGC has been conferred the ‘Services Partner of the Year 2019’ award at the recently concluded Avaya ENGAGE® event for the future of communications experience and its impact on digital transformation held in Dubai.

Some key wins for AGC include,

  • Major Audio-Video setup implemented for the world’s largest professional services organization (part of the ‘BIG 4’ accounting firms in India)
  • Voice and Digital Apps solution deployed for one of the largest technological corporations in the world
  • Provided Customer Centric Solutions with Leading Edge Technology to an Indian subsidiary of a major Japanese electrical engineering and software company
  • Large LCM upgrade solution provided for one of the largest broadband communications and entertainment company in North America
  • Enabled one of the early adaptations of Immersive Experience Studio in East Africa for a leading independent oil and gas exploration and production company.
  • Roll out of a Global firewall system and a cloud solution for an Australian poker manufacturer

***

About AGC Networks:

AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Data Center & Edge IT, Cyber Security (CYBER-i) and Digital Transformation & Applications to evolve the customer’s digital landscape.  AGC’s ability to tailor solutions across quadrants is strengthened through delivery of seamless customer support services.

AGC is the customer’s trusted go-to technology solution integrator to architect, deploy, manage and secure their IT environment through customized solutions and services that accelerate their business.

A leader in Enterprise Communications in India, AGC has significant presence across North America, Latin America, Middle East & Africa, Europe, Singapore, Australia, New Zealand and Philippines serving customers globally in 30+ countries.

In collaboration with global technology leaders like Avaya, McAfee, Palo Alto, Cisco, HPE, Trend Micro, Juniper, Nutanix, NICE, Verint, Poly, Genesys and Mitel among others, AGC delivers domain-focused, flexible and customized technology solutions and seamless services that accelerate customers’ business and ensures Return on Technology Investments (ROTI).  AGC Networks is an Essar Enterprise. For more information log on to www.agcnetworks.com

 Media Contacts: Neelam Kapoor   Tel: +91 98197 30611   E-mail: neelam.kapoor@agcnetworks.com