Tata records 10% gross revenue increase in Q1
Tata Communications has announced a revenues jump of 10% year-on-year, while its EBITDA rose 22%, as it posts financial data for the quarter ending June 30th 2013.
With its consolidated gross revenues from all of its entities increasing, the company says it will continue to “outpace our peers in the market.”
The company surpassed its performance last year, as its start-up business, Neotel, posted a revenue increase of 4%, having benefited from market-share gains and “cost optimisation efforts.”
“Our focus on talent, service innovation and marketing is enabling our business with wider market appeal and allows us to offer greater value to our customers. Despite the continued softness in economic conditions, our business is pushing ahead with good momentum,” said Vinod Kumar, MD and CEO, Tata Communications.