Tata Communications profits up 18.5%
April 27, 2022
By Chris Forrester
India’s Tata Communications published its full-year and Q4 numbers saying that its Consolidated revenue totalled $2.24 billion for FY22 while Q4 FY22 topped $567 million.
Most of the company’s business segments witnessed growth including core connectivity, digital platforms & services, and incubation services of data business. Specifically, Tata’s data business grew by 2.1 per cent q-o-q and 1.4 per cent y-o-y.
Tata’s core connectivity segment saw revenue growth of 0.5 per cent q-o-q and 1.4 per cent gorwth y-o-y, while its incubation portfolio grew by 49.1 per cent q-o-q and an impressive 67.6 per cent y-o-y.
Tata is increasingly important in remote TV production and Occasional Use satellite services in particular for live events.
“Overall, our full year performance has been steady with three consecutive quarters of growth,” said A.S. Lakshminarayanan, MD and CEO at Tata Communications. “We are focused on executing on our strategy and capturing tremendous opportunities ahead of us. I am proud of the team and the significant improvements we have made in our Net Promoter Score (NPS). We also earned several industry recognitions for our portfolio as well as for sustainability and workplace.”