AGC Networks Announces Q3 FY 2018 Financial Results - Essar | Let's Begin AGC Networks Announces Q3 FY 2018 Financial Results - Essar

AGC Networks Announces Q3 FY 2018 Financial Results

Feb 8th, 2018

Mumbai, 08 February 2018: AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), a Global Solution Provider today announced its third quarter results for Financial Year 2017-18.

 

Consolidated Financial Highlights for the Quarter ended 31st December 2017

Rupees in Crores

Particulars Q3
(FY 17-18)
 Q3
(FY 16-17)

Q2
(FY 17-18)

Revenue 194.40 185.61 172.22
EBIDTA 12.40 10.29 2.73
PBT 4.70 2.22 2.68
PAT 3.52 2.22 1.27

 

  • Dilip Thakkar joins AGC Networks as Independent Director effective 8th Feb 2018. Thakkar is a practicing Chartered Accountant, with over 5 decades of experience in taxation and foreign exchange regulations. His association with the Board will strengthen the Board and help with AGC’s global growth.
  • Deepak Kumar Bansal takes over as Chief Financial Officer (CFO) effective 8th Feb 2018. Deepak is a qualified Chartered Accountant and Cost and Works Accountant. He has over 20 years of rich experience in working closely with the businesses to ensure highest standard of compliance and sharp oversight on financial strategy.

Other Highlights 

The creation of a core management team equipped to deliver consistent technology solutions and services has been the key driver of AGC’s ability to create, communicate and deliver a digital strategy for the customer’s technology framework driving growth. Digital business platforms and ecosystems are changing the competitive landscape and AGC continues to be relevant by crafting the customer’s digital journey aligned to their business objectives.

Building on long standing customer and partner (OEM) relationships have enabled acquisition of new customer logos across verticals and geographies by delivering customized solutions.

AGC continues to deliver business value and results to customers through a combination of certified resources, process excellence, quality framework and service delivery innovations in a multi-vendor environment through its Managed Services framework.

Speaking on the occasion, Sanjeev Verma, Whole-Time Director, AGC Networks said “The advent of a well-connected enterprise and widespread use of digitization has accelerated the need of an enhanced customer experience through use of technology that the solution architects of AGC craft.

To meet such compelling requirements and continue being relevant to the customer, AGC is investing in the right skill sets by training its people to tailor solutions, acquaint customers with emerging technologies and finally deliver the right solutions that provide robust return on their technology investments”.

Speaking on the occasion Jayantha Prabhu, Head of India business said, “Our network of relationships and a perfect orchestration with our partners and OEMs is helping us arrive at value deliverables to take the customer’s business to the newest frontiers, yet continuing to be aligned with their business objective.”

Deepak Bansal, Chief Financial Officer at AGC Networks said, “Our focus continues to be on productivity enhancement and margin improvement across geographies.  Continued emphasis on governance and compliance remains firmly in place. ”

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About AGC Networks:

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

AGC is a leader in Enterprise Communications in India and has a significant presence in Middle East, Africa, North America, Australia, New Zealand, Singapore, Philippines and UK serving over 3000 customers.

In collaboration with global technology leaders like Avaya, McAfee, Palo Alto, Cisco, HPE, Trend Micro, Juniper, Nectar, Nutanix, NICE, Verint, Polycom, Genesys and Mitel among others, AGC delivers Return on Technology Investment through customized solutions and services accelerating customers’ business. For more information log on to www.agcnetworks.com

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