Tata Communications: Surge in traffic, digitisation trends to power revenue

Surge in traffic and digitisation trends to power revenues

The Tata Communications (Tata Comm) stock was up 8 per cent in trade on Tuesday after the company reported better-than-expected performance in the March quarter. Management commentary on achieving double digit growth for the data business on a consistent basis also boosted sentiment. 

Tata Communications is among a small list of companies that saw an upward revision in operating profit for financial year 2020-21 (FY21) and FY22 on the back of multiple growth drivers. 

Growth in the March quarter was entirely driven by the data segment, which accounted