wordpress blog stats
Connect with us

Hi, what are you looking for?

Net 4 India FY11 Profit Up 84%; Demand For Cloud Services Increases

Web domain and hosting service provider Net 4 India has posted a Profit After Tax of Rs 21.13 crore for the year ended March 31st 2011, up 83.7% from Rs 11.50 crore reported for the year ended March 31st 2010.  Total income increased to Rs 307.69 crore for FY11 from Rs 197.05 crore for FY09, up 56.1%. EPS increased from Rs. 6.66 to Rs 10.84  per share, up 62.7%, on a consolidated basis. The company has recommended a dividend of 10%, Re 1 per share. For the quarter ended 31st March 2011, Net4India reported consolidated revenues of Rs 91.65  crore, up 52.85% from Rs 59.96 crore reported during Q4-10.Profit Before Tax increased to Rs 8.91 crores for the quarter, up from Rs 5.21 crores reported last year. Profit After Tax for the quarter increased to Rs 5.88  crores, from Rs 3.28 crores. The company informed that its in the process of setting up a new data center in Chennai, which will be complete by the last quarter of this financial year. It says it witnessed demand in cloud server and data center space and added 300 customers in the last six months for its cloud server operations. Financials | Release In an intimation to the BSE, the Net4India had said that it was looking to expand inorganically and was on the look out for an Internet related business. Following this, it had acquired a majority stake in Pipetel Communications, a company that holds a Category 'A' ISP license, for Rs 4.16 crore. In…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ