Tata Communications' quarterly profit in India surged significantly due to strong demand
Tata Communications in India released its financial report on Wednesday, achieving its first profit growth in three quarters, driven by strong demand for cloud services and connectivity solutions. The company also announced the appointment of Ganesh Lakshminarayanan as Managing Director and incoming CEO. Lakshminarayanan will officially take office after the relevant regulatory approvals are completed. The financial report showed that in the three months ending December 31, the company's profit surged 54.3% year-on-year, reaching 3.65 billion rupees (approximately 39.8 million USD). (Sina Finance)
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