Chennai, Nov 3: Information technology solutions provider Redington Ltd has strengthened the capabilities to accelerate cloud adoption process across sectors, a top official said on Friday.
The city-based company reported a standalone profit for the July-September quarter at Rs 655.74 crore as compared to Rs 578.57 crore registered same period last year.
For the six-month period ending September 30, 2022 the standalone profit grew to Rs 805.59 crore from Rs 674.16 crore registered during corresponding period last year.
“In Q2FY23 we continued our transformation journey to shift towards a customer-choice omni-channel business model. By leveraging our core strengths of technology, innovation, and partnerships, we accelerated the adoption of next generation technology by businesses and consumers,” company MD Rajiv Srivastava said.
“We also strengthened our capabilities to accelerate cloud adoption across different sectors. 5G is expected to further open up new opportunities across enterprises, MSMEs, startups and consumers and our focus will be to enable wider access of such technologies,” he said.
The standalone total income during the quarter under review went up to Rs 9,078.82 crore from Rs 7,250.59 crore registered same period last year.
For the six-month period ending September 30, 2022 the standalone total income was at Rs 16,695.17 crore as against Rs 12,617.50 crore registered in the corresponding period last fiscal.
Redington said the company achieved record revenue and operating margin for the second quarter of the financial year as it continued investments in improving technology capabilities, building deeper partner relationships, making the breadth of offerings more comprehensive and in innovative business models begin to pay off.
“Besides being highest ever Q2, this is the highest ever half yearly growth since the company going public in 2007.” it said.
Redington strengthened its cloud capabilities by entering into a strategic partnership with Google Cloud India to drive adoption of Google Workspace and Google Cloud with small and medium businesses, education and public sector, and enterprise segments, the statement said. (PTI)
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