Aricent logs $460 mn revenue; eyes listing in 3 yrs

Telecom solutions and services provider Aricent today said its has earned an all-time high ever revenue of $460 million in FY09 and is looking at listing on Indian bourses in the next three years.

"We are hopeful of listing on Indian bourses in the next three years and if the market conditions improve, this could happen even before that," Aricent Chief Executive Officer Sudip Nandy told PTI.

The company, in which asset management firm Kohlberg Kravis & Roberts hold over 60 per cent stake, ended fiscal 2008-09 with revenues of $460 million, up 22 per cent over the previous fiscal.

"We have exceeded $460 million in revenue, the highest annual revenue in the company's history," he said, adding, however, given the challenging economic situation the company expects flat revenue growth this fiscal.

This fiscal the company received additional strategic funding from KKR and The Family Office. It has also got new customers, including Sprint, Sony Ericsson and TDC.

James H Greene Jr, member of KKR, said " Aricent's performance during this period is further validation of the strength of the company’s vision, and more importantly, clear evidence of the value customers perceive in the company’s solutions and services."

The company’s investors include KKR, Sequoia Capital, The Family Office and Flextronics International Ltd.