Avaya GlobalConnect reports second quarter results

Net profit stands at Rs.5.29 Crores for quarter ended 31st March 2008

Avaya GlobalConnect Ltd., one of India’s leading Intelligent Communications solutions provider, has announced its quarter results for quarter ended 31st March 2008. The company has recorded Gross Sales/Income of Rs. 142.65 Cr and a net profit of Rs.5.29 Cr as compared to the Gross Sales/Income of Rs. 162.43 Cr and a net profit of Rs.9.48 Cr, in corresponding previous period. The profit before tax (PBT) reported for quarter ended March-08 stands at Rs 8.75 Cr as compared to the profit before tax (PBT) of Rs 13.68 Cr for the corresponding previous period.

The Company has recorded Consolidated Gross Sales/Income of Rs. 154.74 Cr and Consolidated net profit of Rs. 4.14 Cr for quarter ended March-08. The Consolidated profit before tax (PBT) stands at Rs. 7.60 Cr.

During H1FY08, Company has recorded Gross Sales/Income of Rs. 282.03 Cr. Profit before tax (PBT) reported for the period for H1FY08, stands at Rs.19.75 Cr and the net profit for the same period is Rs. 12.15 Cr.

During H1FY08, Company has recorded Consolidated Gross Sales/Income of Rs. 313.13 Cr. Consolidated Profit before tax (PBT) reported for the period for H1FY08, stands at Rs.18.61 Cr and the net profit for the same period is Rs. 11.01 Cr.

Major Highlights: Quarter ended on 31st March, 2008

- The company has recorded Gross Sales/Income of Rs.142.65 Cr. and a net profit of Rs. 5.29 Cr.

- The profit before tax (PBT) reported for this quarter stands at Rs.8.75 Cr and the net profit for the same period is Rs. 5.29 Cr.

Commenting on the company’s results, Niru Mehta, Vice Chairman & Managing Director, Avaya GlobalConnect said, “Since our last fiscal year, we have seen a shift and broadening in the industries investing in our product and service offers. The domestic hospitality, retail, manufacturing, and healthcare industries have increased their purchases compared to the IT, ITeS and Financial Services companies. This expansion of our customer base is a result of work we began two years ago to focus on building our reputation and sales among a more diverse group of customers. Within our product areas, IP telephony and conferencing solutions sales have increased, reflecting this focus, as well as companies using our IP communications to improve their business processes.”

Avaya GlobalConnect believes in delivering customer satisfaction and reiterating this belief is its state-of-the-art Customer Studio in Mumbai which is close to finishing two years. It provides its user an opportunity to experience the power of personalized intelligent communication. The company plans to replicate the studio by opening two more centres to meet the requirements of its customers across India. Avaya Customer Studio facilitates demonstrations of various solutions including vertical solutions for the advantage of Avaya’s customers.

About Avaya GlobalConnect

Avaya GlobalConnect is one of India’s leading Intelligent Communication Solutions provider. Its offerings range from converged voice, data and video networks to contact center solutions to unified messaging solutions, and customer services in order to provide best-in-class converged communications products and solutions. For more information about Avaya GlobalConnect, visit its Web site at www.avayaglobalconnect.com

For more information:

Anjali Kakkar Mitali Darbari

Avaya GlobalConnect 20:20 MEDIA

Tel: 0124 – 4093 332 Tel: 0124 – 2560 310

anjali.kakkar {at} avayaglobalconnect(.)com mitali {at} 2020india(.)com