Data Revenue continues double-digit growth momentum
MUMBAI, India, Oct. 19, 2023 /PRNewswire/ -- Tata Communications, a global digital ecosystem enabler, today announces its financial results for the quarter ended 30thSeptember 2023. The Data business grows to INR 3,995 Crores in Q2 FY24, registering a growth of 14.4% YoY.
- Data business revenues came in at INR 3,995 crore (USD 483.3 Mn), recording an increase of + 14.4% YoY; Underlying Data Revenue growth came in at + 10% YoY.
- The Core Connectivity business reported + 6.9% YoY growth in revenue.
- Digital Portfolio delivered robust growth of + 30.2% YoY driven by growth across the Cloud and Next Gen Connectivity segments and integration of The Switch.
- Commenting on the results, A.S. Lakshminarayanan, MD and CEO, Tata Communications, said, "We are pleased to announce a robust 14% YoY revenue growth this quarter.