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Enterprise data services company Tulip Telecom has reported 11.62 per cent growth in net profit at Rs 87.06 crore for the second quarter ended September 30, 2011 against Rs 77.99 crore in the same period last year.
“High demand for our enterprise services continues across the connectivity, managed services and data centre product portfolios. Even though lead time for decision making from organisations has increased, we have built a strong funnel across all product portfolios,” Tulip Telecom CEO, Mr Sanjay Jain, said.
During the last quarter, there was increased traction in existing and new industry segments like Banking & Financial Sector, IT/ITeS, Government and others, he added.
The company’s revenue jumped 20.10 per cent during the quarter to Rs 702.94 crore from Rs 585.28 crore in the July-Sptember period of 2010.
During the quarter, Tulip increased its engagements with existing customers and added various new clients including ISRO, Sahara India Financial Corp, Tata Interactive, Euronet and IIHT.
The project for laying 1,200 km NLD Fibre, with a total capital expenditure of Rs 60 crore is on track, the company said.
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