Products to Platforms shift, increased investments in front-end sales, particularly in the international markets and building new capabilities across the portfolio continue to help deliver robust results, with Data Revenues growing by 11.2% YoY this quarter.
Remain committed to building digital ecosystems for customers by co-creating innovative solutions, and delivering agile, connected, and secure solutions.
Doubling down on customer centricity, soft launched Tata Communications TCX, customer experience portal and digital store for Indian markets. This is enabling to digitise customer touchpoints, simplify their process interactions with co. Having received encouraging feedback from customers, planning to launch Tata Communications TCX covering additional products in India and also extend it to international markets.
Continue to be a leading player in the India’s Large Enterprise B2B segment and are strengthening positions even more. Witnessing a healthy growth in international revenue trends, both on a QoQ and an YoY basis, which is steadily progressing towards long-term ambition of improving the international revenue pie.
The Incubation Portfolio progressed multi-fold growing by 181.8% YoY and 36.1% QoQ.
Cloud, Hosting and Security portfolio registered a growth of 21.9% YoY and 5.8% QoQ.
Next-Gen Connectivity offerings increased by 31.9% YoY and by 15.3% QoQ.
Media Services revenue grew by 39.8% YoY and 5.7% QoQ. Media & entertainment business continues to see sustained growth underpinned by the transformation taking place in this industry globally.
Voice business continues to decline in line with market trends. Witnessed an improvement in Voice Net Revenue and EBITDA Margins, primarily driven by India market shift which has improved realisations.
Continue to maintain our margin guidance in the 23-25% range.
Received a revised demand of our AGR dues amounting to INR 4,981 Crores this quarter from the Department of Telecommunications.
There is nothing structurally to worry about the profitability.
The supply chain issues, are still causing delays. It has not got any worse from the last quarter, but it is not improving either.
Seeing a lot more of digital platforms and solutions deal in the funnel. Also seeing a lot many larger deals in the funnel.
GlobalRapideTM, InstaCC, DIGO are all growing, in line or better, but the SIP trunk is a large part of collaboration today, so that colors the overall growth of the collaboration. Excluding SIPtrunk, they are all growing at a very healthy rate.
SIP solutions have not been sold domestically. Have been primarily helping major international players, with that capability, or India players who have an international footprint is what co has been doing.
Disclaimer:- Nothing on this website should be construed as investment advice. Please consult your financial advisor before taking any decision. We are not SEBI registered RA/RIA. The author does not own the stock in their portfolio at the date this post was published.
What constitutes the incubation portfolio?