Net4India sales zoom by 51% and net profit by 28%

Net4 India, a leading Network and Application services provider has announced the financial results for the quarter ended 31st December, 2009.The total consolidated income for the 3rd quarter stood at Rs. 51.15 cr. as compared to Rs.33.79 cr. reported in the corresponding quarter of the previous year, a growth of 51.35 %.The net profit for the same quarter posted a 28 % rise at Rs. 3.21 cr. against the net profit of Rs. 2.50 cr. for the corresponding period last year.

The standalone income for the 3rd quarter stood at Rs. 30.16 cr. as compared to Rs.21.44 cr. reported in the corresponding quarter of the previous year, a growth of 40.67 %.The net profit for the same quarter posted a 15 % rise at Rs. 2.16 cr. against the net profit of Rs. 1.88 cr. for the corresponding period last year.

Commenting on the results, Jasjit Sawhney, CMD Net4 India Ltd said” We are glad to get back to the levels of growth we have long made our internal benchmarks. With two consecutive quarters of record profits and now our highest ever quarterly revenues, we can firmly establish that this reversal is not just pent up demand that may have come in the last quarter, but a real and lasting trend.”

Net4 focuses on providing services to businesses (small, medium and large) and its offerings include Internet Bandwidth Services, Data Centre Solutions, VoIP Solutions, and Enterprise Messaging & Hosting Solutions.

Net4 has a PAN India presence with offices in 11 major business cities & an ever-growing clientele which includes 750 Leased Line Customers, 800 Corporate Data Center Customers, 2800 Business VoIP customers, 75,000 hosted websites, 870,000 corporate e-mail accounts & 250,000 registered domain names. Net4 is amongst the largest provider of hosted email, web hosting and domain name registration in the Asia-Pacific region.

The company’s client base includes the likes of CNBC TV18, Essar, Godrej, Hutch, ITC, L&T, Lufthansa, NIIT, ONGC, Proctor & Gamble, Reliance, Sahara, SBI, Siemens and TCS.

Net4 has the distinction of being the first Network Services company in the World to be IS0 27001 certified, for Information Security standards adopted at its Data Centers.

It is also ISO 9001:2000 certified, a Microsoft Gold Partner and an ICANN & .IN accredited Domain Name Registrar.