Avaya GlobalConnect reports third quarter results

Net profit stands at Rs. 0.96 Crores for quarter ended 30th June 2008

FOR IMMEDIATE RELEASE: Thursday, July 31, 2008

New Delhi – Avaya GlobalConnect, one of India’s leading business communications solutions provider, announced its quarter results for quarter ended 30th June 2008. The company has recorded Gross Sales/Income of Rs. 144.12 Cr and a net profit of Rs.0.96 Cr as compared to the Gross Sales/Income of Rs. 140.47 Cr and a net profit of Rs.9.29 Cr, in corresponding previous period. The profit before tax (PBT) reported for quarter ended June-08 stands at Rs. 2.05 Cr as compared to the profit before tax (PBT) of Rs. 15.87 Cr for the corresponding previous period.

The Company has recorded Consolidated Gross Sales/Income of Rs. 160.58 Cr and Consolidated net profit of Rs. 1.86 Cr for quarter ended June-08. The Consolidated profit before tax (PBT) stands at Rs. 2.95 Cr.

For period upto Q3FY08, Company has recorded Gross Sales/Income of Rs. 426.15 Cr. Profit before tax (PBT) reported for the period upto Q3FY08, stands at Rs.21.80 Cr and the net profit for the same period is Rs. 13.11 Cr.

For period upto Q3FY08, Company has recorded Consolidated Gross Sales/Income of Rs. 473.71 Cr. Consolidated Profit before tax (PBT) reported for the period upto Q3FY08, stands at Rs.21.56 Cr and the net profit for the same period is Rs.12.86 Cr.

Major Highlights: Quarter ended on 30th June, 2008

- The company has recorded Gross Sales/Income of Rs.144.12 Cr. and a net profit of Rs. 0.96 Cr.

- The profit before tax (PBT) reported for this quarter stands at Rs.2.05 Cr and the net profit for the same period is Rs. 0.96 Cr.

Commenting on the Company’s results, Niru Mehta, Vice Chairman & Managing Director, Avaya GlobalConnect said, “We have expanded our focus to various domestic verticals like hospitality, BFSI, retail and manufacturing and are offering solutions to these industries which would lead to improved productivity and customer responsiveness for our customers. I am confident that our strategy of domestic market expansion and strong verticalization will not only enable us to manage through challenging times, but also extend the same benefit to our customers, helping them accelerate their business growth.”

Customer responsiveness has been synonymous to Avaya GlobalConnect. The company not only believes in being customer responsive but also delivers customer satisfaction with its converged end-to-end communication solutions to its customers. Avaya GlobalConnect is a market leader in the IP telephony and the contact center space. The Company’s offerings now reach out to a variety of verticals.

About Avaya GlobalConnect

Avaya GlobalConnect is one of India’s leading business communications solutions providers. 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

Media enquiries:

Anjali Kakkar

Avaya GlobalConnect

Tel: 0124 – 4093332

anjali.kakkar {at} avayaglobalconnect(.)com

Mitali Darbari

20:20 MEDIA

Tel: 0120 – 4642020

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