Growth in data business helps Tata Communications post Rs 58.5 crore profit in Q3

By Xite - January 23, 2020
Tata Communications has announced sequential growth in profitability that was driven by an increase in data services revenue. The company provides digital infrastructure, including network, cloud, mob....

Tata Communications, a leading provider of global digital infrastructure, including network, cloud, mobility, Internet of Things (IoT), collaboration and security services, has announced sequential growth in profitability, Profit After Tax (PAT) of Rs 58.5 crore in Q3 which ended on December 31, 2019. The company said that its data services revenue grew by 2.8 per cent year-over-year.

‘Our Data business continues to drive growth and profitability and we are witnessing strong growth in our Enterprise segment - both in India and internationally. New technologies are redefining customer expectations, driving change in how businesses operate and how people engage with each other and the world around them. Tata Communications plays a central role in this ecosystem - enabling digital transformation that leads to business growth, improved efficiency and better customer experience,’ A.S Lakshminarayanan, MD and CEO, Tata Communications, said in a statement. 



Last year, Tata Communications partnered with Microsoft to help speed up the development of new innovative connected car applications. The two companies are working to deliver ‘secure driving experiences’ by combining Internet of Things (IoT) connectivity and network intelligence capabilities of Tata Communications MOVE with the Microsoft Connected Vehicle Platform. The latter’s technology combines cloud and edge services with a partner network to help them build connected driving experiences.

‘There will be additional capability to equip vehicles with encrypted vehicle-to-cloud connectivity globally through the Tata Communications MOVE platform to address key challenges that complicate the creation of vehicle-to-everything (V2X) applications,’ Tata Communications said in a blog. The challenges include data security concerns around in-vehicle systems, scalability, interoperability and management of these systems across the connected car ecosystem.

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