Avaya GlobalConnect Q4 net soars twofold to Rs 10 cr

Communication solutions provider Avaya GlobalConnect today reported an over two-fold jump in its net profit at Rs 10.10 crore for the quarter ended September 30, 2009 on the back of improved margins and optimal utilisation of resources.

The net profit was Rs 4.10 crore in the corresponding period last year.

"We are happy to have reversed the trend in a market that was bottoming out. The company had re-oriented its business strategy in line with market demands, optimising internal efficiencies which played a crucial part in improving the Q4 results," Avaya GlobalConnect managing director Anil Nair said.

Buoyed by the growth in both topline and bottomline in the September quarter, the company plans to expand its presence in the domestic market. "We plan to have 12 more centres in India by next year," Nair said while declining to share the any investment figure.

The company currently has eight centres in the country.

The net profit for the year-ending September 30, 2009 stood at Rs 15.37 crore compared to Rs 17.21 crore reported last year.