• Home 1
  • Privacy Policy
LSD News
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
  • Home
  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
No Result
View All Result
LSD News
No Result
View All Result
Home Stock

Tata Communications Q3 Results: Company posts fastest quarterly revenue growth in 9 years

by
January 18, 2024
in Stock
0
Tata Communications Q3 Results: Company posts fastest quarterly revenue growth in 9 years
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter



BENGALURU – Tata Group-owned Tata Communications reported its fastest quarterly revenue growth in nearly nine years on Thursday, boosted by strength in its mainstay data services business.

Revenue rose 24.4% to Rs 56.33 billion for the quarter-ended December 31, according to an exchange filing.

The company, which provides services such as data connections and cybersecurity to enterprises, logged its eighth straight jump in quarterly revenue.

Shares of the company closed 4.3% higher after the results. They fell 8.4% in the December-quarter after rising for two straight quarters.

Tata Communications has been focusing on growing its revenue over margins, partly through acquisitions in the past few quarters, as it seeks to grab a bigger share of the highly competitive market for cloud, networking services, media and entertainment.

Its margins on earnings before interest, taxes, depreciation, and amortization (EBITDA) contracted to 20.1% from 23.8% a year earlier. Net profit fell 88.6% to 448.1 million rupees due to a one-time charge.

Revenue from the data services segment, which contributes more than 80% to the total, climbed 28.3% on robust demand in its core connectivity and digital portfolio segments.

Tags: communicationsCompanyfastestgrowthPostsquarterlyresultsrevenueTatatata communications q3 earningstata communications q3 resultstata communications q3fy24 earningstata communications q3fy24 resultstata communications stock updateYears
Previous Post

New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets

Next Post

Ethereum: Dencun Activation Goes Wrong, Mainnet Launch Uncertain

Next Post
Ethereum: Dencun Activation Goes Wrong, Mainnet Launch Uncertain

Ethereum: Dencun Activation Goes Wrong, Mainnet Launch Uncertain

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 139 Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Hawaii officials work to address mental health challenges facing wildfire survivors

Hawaii officials work to address mental health challenges facing wildfire survivors

August 17, 2023
Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

Wegovy heart health data is promising — but insurers face long road, high cost to cover obesity drugs

August 10, 2023
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

July 16, 2023
Gen Z is the worst at connecting with their grandparents, but building a better relationship could help fight loneliness. How to start

Gen Z is the worst at connecting with their grandparents, but building a better relationship could help fight loneliness. How to start

October 7, 2023
Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

Tech layoffs in Southeast Asia mount as unprofitable startups seek to extend their runways

5
Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

Contact lens maker faces lawsuit after woman said the product resulted in her losing an eye

5
Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

Why Cristiano Ronaldo’s move to Saudi Arabia means so much for the Gulf monarchy’s sporting ambitions | CNN

3
Georgia realtor receives invitation to play the Masters by mistake | CNN

Georgia realtor receives invitation to play the Masters by mistake | CNN

1
This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

June 17, 2025
CDC official overseeing COVID hospitalization data resigns after RFK Jr.’s vaccine orders

CDC official overseeing COVID hospitalization data resigns after RFK Jr.’s vaccine orders

June 17, 2025
Vishal Mega Mart shares in focus as promoter plans Rs 5,057-crore stake sale via block deal

Vishal Mega Mart shares in focus as promoter plans Rs 5,057-crore stake sale via block deal

June 17, 2025
IMF First Deputy Managing Director calls on PM Harini in Colombo

IMF First Deputy Managing Director calls on PM Harini in Colombo

June 17, 2025

Recent News

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

June 17, 2025
CDC official overseeing COVID hospitalization data resigns after RFK Jr.’s vaccine orders

CDC official overseeing COVID hospitalization data resigns after RFK Jr.’s vaccine orders

June 17, 2025
Vishal Mega Mart shares in focus as promoter plans Rs 5,057-crore stake sale via block deal

Vishal Mega Mart shares in focus as promoter plans Rs 5,057-crore stake sale via block deal

June 17, 2025
IMF First Deputy Managing Director calls on PM Harini in Colombo

IMF First Deputy Managing Director calls on PM Harini in Colombo

June 17, 2025

We bring the latest news from all over the world and get all time updated you

Follow Us

Browse by Category

  • Business
  • Crypto News
  • Finance
  • Health
  • Politics
  • Sports
  • Stock
  • Tech
  • Travel
  • Uncategorized

Recent News

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

This credit card behavior is an under-the-radar risk: ‘Be very careful,’ expert says

June 17, 2025
CDC official overseeing COVID hospitalization data resigns after RFK Jr.’s vaccine orders

CDC official overseeing COVID hospitalization data resigns after RFK Jr.’s vaccine orders

June 17, 2025
No Result
View All Result
  • Home 1
  • Privacy Policy

© 2024 LSD News title="Jegtheme">Jegtheme.