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E2E Networks Ltd.

BSE: 535080 Sector: IT
NSE: E2E ISIN Code: INE255Z01019
BSE 05:30 | 01 Jan E2E Networks Ltd
NSE 00:00 | 15 Jan 44.85 0
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E2E Networks Ltd. (E2E) - Chairman Speech

Company chairman speech

Dear Shareholders

It has been an exciting year for your company. 15th May 2018 became a red letter dayin the history of M/s E2E Networks Limited the Company got listed on National StockExchange Emerge SM E platform.

The IPO of ' 21.99 Crores received an overwhelming response.

It is a pleasure and privilege to share with you the highlights of the year'sperformance and outlook for the next year.

• Our Total revenue for the year is ' 3629.67 lacs as compared to ' 2952.89 lacsin the previous year.

• Our Profit before tax was ' 807.23 lacs as compared to ' 643.31 lacs in theprevious year.

• Our Profit after tax was ' 575.95 lacs as compared to ' 446.98 lacs in theprevious year.

Your company has built its own Cloud Computing Infrastructure from the scratch usingOpen Source Software and custom designed physical servers to optimize cost performanceand speed of delivery targeting the Indian Cloud Computing market.

Recently we have seen a broad trend towards data localization in the emerging economieslike India. This trend is due to demand for better performance of compute infrastructureat a lower latency and better compliance with emerging regulatory environment. This opensup new opportunities in the Cloud Computing Space for players with physical infrastructurein India.

There has been massively increased availability of broadband Internet infrastructureespecially for the SME segment which has resulted in increased adoption of Cloud Computingfor deployment of hitherto on premise Information Technology applications. The fear ofbeing disconnected from critical applications if they are deployment on the Cloud ascompared to on-premise has rapidly decreased.

Digital Transformation initiatives in the various industry segments is also leading toincreased adoption of Public Cloud Computing as the preferred Compute infrastructureplatform as opposed to on-premise setups.

While we began in 2009 as a contractless computing player targeting the value segmentwe have been gradually building up our self-service public cloud platform that can enablerapid deployment for businesses looking to roll out their online server side web or mobileapplications. We provide building blocks that can be used to rapidly architect computinginfrastructure with pre-configured open source based micro-services such aswebservers/loadbalancers/firewalls/ databases etc on our Public Cloud Platform for ourcustomers. This results in lower project delivery costs by cuffing down the deliverytimelines. We see a huge opportunity in the self-service cloud computing market in Indiaby investing in improvements and feature additions to our Public Cloud Platform. We arealso working on delivering GPU based compute infrastructure used by the Open Source DeepLearning/Machine Learning Artificial Intelligence platforms via our Public Cloud Platform.

Our Multi-Cloud CloudOps platform can be used to provide devops and managed services onany of the 2000 plus public clouds across the world. Our CloudOps platform uses a blend ofautomation delivered via technology combined with human intelligence to reduce theworkload of the in-house DevOps team. We intend to capitalize on the devops servicesopportunity for both E2E's own public cloud as well as any other Public Cloud preferred byour Multi-Cloud CloudOps platform's customers.

I on behalf of our team assure you of our singular commitment to the growth of Companywith ethics and integrity. I would express my gratitude to our diverse stakeholders ourcustomers vendors bankers all the team members and the board of Directors for theircontinued support in the growth journey of E2E.

Warm Regards
Sd/-
Tarun Dua
Managing Director