Welcome!

Oracle Authors: Pat Romanski, Carmen Gonzalez, Andreas Grabner, Roger Strukhoff, Elizabeth White

News Feed Item

Rolta's Q2 FY-13 Consolidated Revenue Grows 12.0% and Net Profit 11.4% Sequentially

MUMBAI, February 12, 2013 /PRNewswire/ --

Rolta India Limited, a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense and Homeland Security, Utilities, Process, Power, Banking and Insurance, today announced unaudited financial results for quarter ended December 31, 2012 (Q2 FY-13) which have undergone a limited review by statutory auditors of the company.

FINANCIAL HIGHLIGHTS

  • Consolidated Revenue for Q2 FY-13 at Rs. 526.48 crores (Rs. 5.26 Billion) against Rs. 470.14 crores (Rs. 4.70 billion) in Q1 FY-13, registering a sequential growth of 12.0%.
  • Consolidated Profit after Tax for Q2 FY-13 at Rs. 70.39 crores (Rs. 0.70 Billion) against Rs. 63.21 crores (Rs. 0.63 Billion) in Q1 FY-13, registering a sequential growth of 11.4%.

Commenting on the results, Mr. K. K. Singh, Chairman and Managing Director said, "Our strategy of transforming Rolta from a pure-play GIS/Engineering services company to an IP-led solutions provider is nearing completion.  The Company now offers enterprise-wide integrated solutions that uniquely combine the benefits of Geospatial, Engineering, IT and Security domains.  We are beginning to see strong evidence of the success of our strategy world-wide, as is reflected in our numbers for the quarter."  

CORPORATE HIGHLIGHTS

The Company made significant progress on many fronts during the quarter ended December 31, 2012.  Rolta completed the acquisition of AdvizeX Technologies to widen its portfolio to include offerings in the areas of Cloud Computing, Big Data analytics, and IT Infrastructure design and security.  The Company established strategic global partnerships with Oracle and SAP, taking the relationship with both to the next level.  

On the business front, the Company has booked significant orders, including some for large innovative solutions with potential for follow-on business.  The Order Book and the Pipeline are very healthy.

The Company appointed Preetha Pulusani as President, Rolta International, Inc. for Americas.  She has also been inducted to the Board of Rolta India Limited as a Director.  In the past, Preetha has served Rolta India as Joint Managing Director, and the Chief Strategy Officer.  Prior to joining Rolta, Preetha had a twenty-five year career with Intergraph Corporation of USA that culminated with her appointment as the President of the Security, Government and Infrastructure (SG&I) Division with annual revenues of over $400 million.  She replaces Ben Eazzetta, who wishes to pursue other interests but will continue to be a member of the Rolta International Board and an advisor.

The company also appointed Pankit Desai as President - Business Operations for Europe, Middle East and Africa.  Prior to Rolta, Pankit has served in executive leadership positions for companies such as NTT DATA, Intelligroup, Wipro and IBM, and thus brings rich experience in enterprise IT solutions to Rolta, including 15 years in the US.

Rajesh Ramachandran was appointed as the President & CTO for Global Products & Technology Solutions.  He comes with rich experience at executive leadership positions at eBay, Oracle and Siemens, where he held product development and global delivery responsibilities.  

OPERATIONAL HIGHLIGHTS

Enterprise Geospatial & Engineering Solutions (EGES)

Rolta continues to experience good traction for its solutions in various vertical segments that it addresses.  The Company has been recently selected to design and build a sophisticated Soil Information Management system in UAE.  The Bahrain Enterprise Asset management System was successfully commissioned and the customer is evaluating additional add-on applications.  The Company has been awarded projects valued at about $10M in North Africa for creating a digital spatial database, consisting of base maps and elevation models, for the country for use by multiple agencies, such as the land-records department, railways, municipalities, and for eventual integration with "business" applications on the Geospatial Fusion platform.  In Western Europe, Rolta has been engaged for creating a digital landbase for municipalities, again for exploitation by BI applications.  Rolta has been contracted by USA's largest commercial satellite operator and data provider to build digital elevation models (DEMs) for international airports across the world.  The DEMs are being deployed for safety and security of the airports.

The company has successfully delivered a 3D "as-built" model for a major refinery in Kuwait, using sophisticated laser-grammetry and modeling tools.  In addition to engineering design and automation, the Company's solutions for procurement and construction management have also been well received by the process industry in India, with the country's premier oil & gas company selecting Rolta for its fast-tracked $18 B expansion project.

Enterprise IT & Security Solutions (EITS)

The Company's strategy to differentiate its offerings in the large main-stream IT solutions and services market through deep domain knowledge of select vertical segments, and its integration with geospatial technologies, is meeting with success.  Rolta has recently won a $31M contract from the largest 3-utility municipality in the US, MLGW of Memphis, for a comprehensive IT deployment project that will integrate Oracle e-Business Suite applications, including Financials, eAM, Human Resources, Hyperion and Business Intelligence, with spatial data.  The success of Rolta's strategy was again evidenced by the recent award of contracts valued at $11M by Northern Powergrid, UK to modernize their IT infrastructure and business processes while leveraging geospatial intelligence through integration with a mobile platform, and deliver improved utilization through life-cycle asset management.

The Company has established state-of-the-art Centers of Excellence in Mumbai and Chicago to showcase Rolta's expertise and offerings for business analytics and Big Data solutions based on Oracle Exalytics and SAP HANA.  Rolta OneView™ is one of the first enterprise business intelligence (BI) and analytics suites to have been engineered for SAP HANA.  Rolta now has a Centre for Cloud Assessment & Strategy in Cleveland, Ohio where clients can simulate different approaches to optimize their IT infrastructure strategy.  Rolta completed the deployment of a highly secure private Cloud platform for a multi-agency security organization in the Middle-East, built around Rolta iPerspective™, a platform for integration, cloud-enablement and IT security.  

Rolta OneView™ continues to be well received in the oil and petrochemical capitals of the world.  Rolta OneView went live in a petro-chemical firm in Saudi Arabia.  It has been selected by a major petrochemical company in Oman for its BI initiative for organizational excellence, spanning all business functions - operations, maintenance, cost control, HSE, assets, reliability, and finance.  

In the Security segment, the Company is actively engaged with many agencies to present proofs-of-concept for very large procurement programs, solutions for which require a combination of skills in IT, communications, geospatial technologies, and domain-specific know-how.  While large multi-billion dollar defense programs like Battlefield Management Systems, Digital Soldier Program, etc. continue to progress well, Rolta has also started seeing good success for its Homeland & Maritime Safety and Optronics solutions with several safety and security agencies at both central and state level choosing to award projects to the Company, including a recent selection by one of the largest state police forces for deploying optronics devices to enhance their night vision capabilities. Rolta has also been selected by a few more north-eastern states in India to implement their Crime & Criminal Tracking Network (CCTNS) projects.  

About Rolta: Rolta is a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defense/HLS, Utilities, Process, Power, Financial Services, Manufacturing, Retail, and Healthcare.  By uniquely combining its expertise in the IT, Engineering and Geospatial domains, Rolta develops exceptional solutions for these segments. The Company leverages its industry-specific know-how, rich repository of intellectual property that spans photogrammetry, image processing, geospatial applications, business intelligence, analytics, field-proven solution frameworks, and deep expertise in cutting-edge technologies like Geo BI, Cloud computing, Software Defined Infrastructure and Big Data for providing sophisticated enterprise-level integrated solutions.  Rolta is a multinational organization headquartered in India.  The Company operates from 40 locations worldwide through its subsidiaries, and has executed projects in over 45 countries.  The Company benchmarks its quality processes to the world's best standards, like successful assessment for Software Application Development and Maintenance at the highest Level 5 of SEI's CMMI® version 1.3.  Rolta is listed on the Bombay Stock Exchange & National Stock Exchange, and forms part of various indices on BSE/NSE in India.  The Company's GDRs are listed on the Main Board of London Stock Exchange.

For additional information please visit  http://www.rolta.com, or contact:

Disclaimer: This press release includes statements that are not historical in nature and that may be characterized as "forward-looking statements", including those related to future financial and operating results, benefits and synergies of the Company's brands and strategies, future opportunities and the growth of the market for open source solutions. You should be aware that Rolta's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Rolta management and are subject to a number of risks and uncertainties, including, but not limited to, Rolta's ability to integrate acquired operations and employees, Rolta's success in executing its strategies, Rolta's ability to take a competitive position in the industry, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, and any other factors. We may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.

Atul Tayal        
Joint Managing Director &
COO -- Domestic Operations
Member of the Board        
[email protected]
Telephone: +91-(22)2926-6666

Preetha Pulusani
President -- Americas
Member of the Board
[email protected]
Telephone: +1-678-942-5000

Pankit Desai
President - Business Operations:
Europe, Middle East and Africa
[email protected]
Telephone: +91(22)2926-6666

Hiranya Ashar
Director Finance &
Chief Financial Officer
[email protected]
Telephone: +91(22)2926-6666

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, addressed the big issues involving these technologies and, more important, the results they will achieve. Rodney Rogers, chairman and CEO of Virtustream; Brendan O'Brien, co-founder of Aria Systems, Bart Copeland, president and CEO of ActiveState Software; Jim Cowie, chief scientist at Dyn; Dave Wagstaff, VP and chief architect at BSQUARE Corporation; Seth Proctor, CTO of NuoDB, Inc.; and Andris Gailitis, C...
SYS-CON Media announced that Splunk, a provider of the leading software platform for real-time Operational Intelligence, has launched an ad campaign on Big Data Journal. Splunk software and cloud services enable organizations to search, monitor, analyze and visualize machine-generated big data coming from websites, applications, servers, networks, sensors and mobile devices. The ads focus on delivering ROI - how improved uptime delivered $6M in annual ROI, improving customer operations by mining large volumes of unstructured data, and how data tracking delivers uptime when it matters most.
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using the URL as a basic building block, we open this up and get the same resilience that the web enjoys.
Code Halos - aka "digital fingerprints" - are the key organizing principle to understand a) how dumb things become smart and b) how to monetize this dynamic. In his session at @ThingsExpo, Robert Brown, AVP, Center for the Future of Work at Cognizant Technology Solutions, outlined research, analysis and recommendations from his recently published book on this phenomena on the way leading edge organizations like GE and Disney are unlocking the Internet of Things opportunity and what steps your organization should be taking to position itself for the next platform of digital competition.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial Cloud.
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happens, where data lives and where the interface lies. For instance, it's a mix of architectural styles ...
The Internet of Things (IoT) promises to evolve the way the world does business; however, understanding how to apply it to your company can be a mystery. Most people struggle with understanding the potential business uses or tend to get caught up in the technology, resulting in solutions that fail to meet even minimum business goals. In his session at @ThingsExpo, Jesse Shiah, CEO / President / Co-Founder of AgilePoint Inc., showed what is needed to leverage the IoT to transform your business. He discussed opportunities and challenges ahead for the IoT from a market and technical point of vie...
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what the future may hold. Mike Kavis is Vice President & Principal Cloud Architect at Cloud Technology Pa...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science from the University of California, Berkeley.
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness, and in-car entertainment and this excitement will bleed into other areas. On the commercial side, m...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, data security and privacy.
"People are a lot more knowledgeable about APIs now. There are two types of people who work with APIs - IT people who want to use APIs for something internal and the product managers who want to do something outside APIs for people to connect to them," explained Roberto Medrano, Executive Vice President at SOA Software, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Performance is the intersection of power, agility, control, and choice. If you value performance, and more specifically consistent performance, you need to look beyond simple virtualized compute. Many factors need to be considered to create a truly performant environment. In his General Session at 15th Cloud Expo, Harold Hannon, Sr. Software Architect at SoftLayer, discussed how to take advantage of a multitude of compute options and platform features to make cloud the cornerstone of your online presence.
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the technology industry and how do they see opportunities for other women in their area of expertise.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete at launch. DevOps may be disruptive, but it is essential.
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...