AGC Networks reports Q2 FY2014 Results

AGC Networks has announced its financial results for Q2 FY 2014. Revenue for Q2 FY 2014 has increased by 11% from Rs.192 crore to Rs.213 crore over the previous quarter of Q1 FY 2014. Operating expenses decreased in comparison to Q1 FY 2014, on account of rationalization in costs and a focus on operational efficiencies

During this quarter, AGC Networks expanded its portfolio of Technology offerings with Cloud- based Managed Network Security solution. The company received increase in the demand of products and services within IT, ITeS domain, increase in revenue share from non-UC (Unified Communication) quadrant. There was an expansion in the solution portfolio from existing customers.

S. K. Jha, MD & CEO, AGC Networks, said, The sluggish business environment has affected the Indian ICT industry. However, together with our strong emphasis on customer-centricity, partner alliance network and technology expertise, we will continue to gain client-stickiness and focus on proving best-in-class returns to our stakeholders, in the upcoming quarters.
 
Among other highlights, AGC Networks was being awarded “Industry Partner of the Year – FY 2013” by Microsoft in the BFSI segment in this quarter.