Sterlite Technologies (STL), a global data network solutions company has done order booking of Rs. 10,516 crore.
The company’s revenue for Q1 FY90 has reached Rs. 1,432 crore is up 63% YoY and EBITDA at Rs. 332 crore is up 32% YoY. With sustained focus and investments in technology, STL delivered yet another quarter of superior operating and financial performance driven by increased global customer engagement and unified solution offerings for new high capacity, low latency, disaggregated networks for their customers.
As consumers demand more data at faster speeds, STL has been innovating across its suite of data network solutions to deliver more, faster, better integrated solutions to its customers across telcos, cloud companies, citizen networks and large enterprises. STL has successfully delivered the complex design for the Navy’s pan-country communication network, across 33 coastal and remote island sites, through its innovative iCORE converged network framework. The project is being delivered at multiple locations throughout the country on schedule.
“We have just begun to see the first few years of data consumption and data networks era. The next decade will see over 20-50 times growth of data and the corresponding networks. This is the time to bring disruption in every aspect of data network design, creation and management,” says Anand Agarwal, Group CEO, STL.
“We are fortunate to be there since the beginning of this network creation cycle, and are extremely excited to become more and more relevant to our global customers. We will continue to innovate across our core expertise, from photonics, precision manufacturing and programmable network design to network delivery, upgradation and management. As we bring together these capabilities, we will help our customers deliver the highest quality data networks to transform the everyday lives of people across the globe,” added Agarwal.