BWI: Avaya GlobalConnect Q1 Net Up by Rs 10.55 Cr

Press release from Business Wire India
Source: Avaya GlobalConnect
Friday, January 29, 2010 01:09 PM IST (07:39 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
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Avaya GlobalConnect Q1 Net Up by Rs 10.55 Cr
PAT at Rs. 10.54 cr for the quarter; Sees employees as key growth driver in 2010

Mumbai, Maharashtra, India, Friday, January 29, 2010 -- (Business Wire India) -- Avaya GlobalConnect, India's leading enterprise communications solutions integrator, today reported Profit after Tax (PAT) for the first quarter ended December '09 at Rs. 10.54 Cr as compared to Net loss of Rs. 0.01 Cr for the corresponding previous period. The quarter was significant for a marked upward trend in the bottom-line. The company recorded a Consolidated Gross Sales/Income of Rs. 137.65 Cr in the quarter.

The company has attributed its robust results to the performance driven internal value-system and has earmarked investment in employees as the key growth driver in 2010.

According to Anil Nair, Managing Director, Avaya GlobalConnect, "We are happy to report impressive results in the first quarter of our current financial year. AGC as a company has successfully re-oriented its business strategy in line with changing market dynamics. I attribute this success to our internal teams who have helped us successfully co-create unique business value with customers. We are fortunate to have a team of people who have the passion, intensity, dedication and belief to ride against the tide and create a performance culture that surpasses expectations."

"We recently hosted our internal award ceremony christened 'The Superstar Conclave' to felicitate our top achievers. Going forward too, employee motivation will be a key growth driver for AGC. To achieve the highest levels of customer care, we are actively investing in the competency development, professional guidance and viable, long-term growth plans of our people," he added. With strong support from employees, Avaya GlobalConnect anticipated customer requirements and provided them with intelligent solutions and product offerings to attain higher targets while getting customers best returns on their technology investments.

The Company further consolidated its market leadership in Unified Communications, Collaboration and Contact Centres. Synonymous with customer responsiveness, AGC's stated mission is to provide best-in-class enterprise communication solutions enabling clients to create customer loyalty and accelerate their business performance.

About Avaya GlobalConnect

Avaya GlobalConnect is one of India's leading business communications solutions providers. Its offerings range from converged voice, data and video networks to contact center solutions to unified messaging solutions and customer services. For more information about Avaya GlobalConnect, visit its Web site at www.avayaglobalconnect.com.


CONTACT DETAILS
Chhavi Leekha Sharma, Avaya GlobalConnect, +91 (124) 4093330, Chhavi.Sharma@avayaglobalconnect.com
Divya Khurana, 20:20 MEDIA, +91 9810134892, divyakhurana@2020india.com
Swati Singh, 20:20 MEDIA, +91 9818595711, swatisingh@2020india.com

KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY, AVAYAGCL.NS

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