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November 24, 2009

Avaya GlobalConnect Q4 PAT up 146.34% to INR101m

Post FY 09 gross sales of INR6.37 billion

By CBR Staff Writer

Avaya GlobalConnect has reported profit after tax of INR101m for the fourth quarter of 2009, an increase of 146.34% compared to INR41m for the same period last year.

For full year 2009, the company posted consolidated gross sales/income of INR5.58 billion, compared to INR6.37 billion for the same period last year.

The company reported profit after tax of INR153.7m for full year 2009, compared to INR172.1m for the same period last year.

Anil Nair, managing director of Avaya GlobalConnect, said: We are happy to have reversed the trend in a market that was bottoming out. Customers are now far more demanding than they ever were. Our strategy of co-creating unique business value for customers and refraining from selling technology for technology’s sake stands validated.

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“I truly believe that good business is a continuous process of going after what seems impossible relentlessly and reversing the odds; of discarding redundant processes while nurturing and developing the right people and resources to ensure outcomes beyond expectations. This is the value-system we are steadily interweaving into the AGC fabric and the results are beginning to show. The results reconfirm our organisational belief that we are on the right track.”

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