AGC Networks, an Essar Enterprise company, said its revenue in Q2 fiscal 2014-15 increased 4.1 percent to Rs 222.3 crore.
The IT networking and solutions company said its net loss decreased to Rs 9.4 crore in Q2 fiscal 2015 from Rs 42.1 crore in the same period last year.
AGC Networks received significant business in India from IT, BPO and manufacturing verticals during the quarter.
There is traction in healthcare and travel verticals in Australia and the US, while the firm has enhanced footprint across Africa in Kenya, Ethopia and Rwanda in the quarter.
“Providing Return on Technology Investment (ROTI) by accelerating our customers business will ensure we surpass our aggressive future milestones,” said AGC Networks MD and CEO Anil Nair.
“Achieving rapid break-even for the business in this quarter itself with higher revenues and margins is the beginning of a series of focused efforts,” said AGC Networks Chief Financial Officer Amal Thakore.
During the quarter, the firm bagged million dollar contracts from a US Bank, an Indian financial services company, a telecom service provider in Bangladesh and a government agency in Africa.