The company clocked in 2% higher revenue at R4,497.9 crore for the quarter ended June, from R4,400.4 crore in the January-March quarter. Profit from the companys global voice solutions business rose 9% to R405 crore. Finance costs fell 11% during the quarter to R166.2 crore. The companys loss-making South African subsidiary Neotel reported a 4% increase in revenue to R479 crore. Tata Communication has 66.6% stake in Neotel.
Despite the continued softness in economic conditions, our business is pushing ahead. Our focus on talent, service innovation and marketing is enabling our business with wider market appeal and allows us to offer greater value, Tata Communications MD Vinod Kumar said.