Welcome!

Recurring Revenue Authors: Elizabeth White, Maria C. Horton, Yeshim Deniz, Pat Romanski, Xenia von Wedel

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
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Michael Maximilien, better known as max or Dr. Max, is a computer scientist with IBM. At IBM Research Triangle Park, he was a principal engineer for the worldwide industry point-of-sale standard: JavaPOS. At IBM Research, some highlights include pioneering research on semantic Web services, mashups, and cloud computing, and platform-as-a-service. He joined the IBM Cloud Labs in 2014 and works closely with Pivotal Inc., to help make the Cloud Found the best PaaS.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
DXWorldEXPO LLC announced today that All in Mobile, a mobile app development company from Poland, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. All In Mobile is a mobile app development company from Poland. Since 2014, they maintain passion for developing mobile applications for enterprises and startups worldwide.
Headquartered in Plainsboro, NJ, Synametrics Technologies has provided IT professionals and computer systems developers since 1997. Based on the success of their initial product offerings (WinSQL and DeltaCopy), the company continues to create and hone innovative products that help its customers get more from their computer applications, databases and infrastructure. To date, over one million users around the world have chosen Synametrics solutions to help power their accelerated business or per...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.