Avaya GlobalConnect announces name change to AGC Networks

Avaya GlobalConnect has reported Profit after Tax (PAT) for the second quarter ended March '10 at Rs 9.31 Cr (up by 5536% YOY) exceeding PAT of the previous financial year in 6 months. The Company recorded Gross Sales/Income of Rs 131.21 Cr for its India operation and Rs 138.48 Cr on a consolidated basis for the quarter. The figures reinforce the company's stated intent of creating profitable growth.

The company also unveiled its new identity and announced it's rechristening as AGC Networks. The re-branding exercise will enable AGC Networks to outpace competition and open a plethora of opportunities in the enterprise communication market.

Anil Nair, MD, AGC Networks, said, “We are extremely pleased with our Q2 results, as both revenue and margins exceeded expectations. We shall aim at continuous improvement across all business parameters. We will provide a wider range of intelligent solution offerings to attain higher revenues while providing customers best returns on their technology investments (ROTI).”