OREANDA-NEWS.  AGC Networks Limited, (BSE: 500463 and NSE: AGCNET), an Essar enterprise and a Global Solution Integrator announced unaudited financial results for quarter ended June 30, 2016.

Financial Highlights for Q1 FY 2017 v/s Q1 FY 2016:

  • Revenues for Q1 FY 2017 stand at Rs 201 Crs from Rs 214 Crs in Q1 FY 2016
  • EBIDTA for Q1 FY 2017 is Rs 9.34 Crs against EBIDTA of Rs. 4.32 Crs in Q1 FY 2016
  • EBIDTA margin for Q1 FY 2017 is 4.65% against 2.02% in Q1 FY 2016
  • PAT for Q1 FY 2017 is Rs 1.56 Crs against PAT of Rs 0.02 Crs in Q1 FY 2016

Business Highlights

  • Significant customer wins in Audio Video and Video conferencing solutions, critical infrastructure upgrades & enhancements and mobile Data Center projects in the Middle East region
  • Project wins across Network Infrastructure and Cyber Security quadrants in India geo
  • An OPEX based cloud IVR solution – AGCiVR deployed for customers; Healthcare vertical wins spanning UC project delivery for a large US hospital and deployment of new mobility solution for several large US Hospital systems, a new customer win from a large US bank among others in US geography achieved
  • Intel Security felicitated CYBER-i (the Cyber Security division of AGC Networks) with MSP Partner of the Year award

Speaking on the occasion, Sanjeev Verma, Whole-time Director, AGC Networks said “Strengthening AGC’s foundation globally through our philosophy of 3 R’s - building lasting relationships, staying relevant and delivering objective results as the key drivers; we are on the track to augment the customer’s digital organization through deployment of technology solutions and securing their environment.

A consistent focus on creating operational efficiencies and getting the organization back to profitability are some of the key measures adopted globally across all markets that we operate in. Consistency in architecting and deploying solutions is creating the right traction with our OEM and partner fraternity and aligned to the customer landscape. AGC continues to grow as a Company with a Global Presence.”

Angshu Sengupta who recently took over as Chief Financial Officer, AGC Networks said “Our conscious efforts in continually optimizing costs have led to healthy margin improvements across all geographies that we operate in.”

About AGC Networks:
AGC Networks (AGC) is a Global Solution Integrator representing the world’s best brands in Unified Communications, Network Infrastructure & Data Center, Cyber Security (CYBER-i) and Enterprise Applications to evolve the customer’s digital landscape. AGC’s ability to tailor solutions across quadrants is strengthened through delivery of seamless customer support services.