Welcome!

Containers Expo Blog Authors: Anders Wallgren, Tim Hinds, Thanh Tran, Sujoy Sen, Liz McMillan

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.

     (Logo: http://photos.prnewswire.com/prnh/20121023/570667)

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.

Primary Media Contact: Atul Tayal, JMD and COO Domestic Operations, [email protected], 91-22-29266666

Secondary Media Contact: Hiranya Ashar, Director Finance and CFO, [email protected], 91-22-29266666

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
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Customer experience has become a competitive differentiator for companies, and it’s imperative that brands seamlessly connect the customer journey across all platforms. With the continued explosion of IoT, join us for a look at how to build a winning digital foundation in the connected era – today and in the future. In his session at @ThingsExpo, Chris Nguyen, Group Product Marketing Manager at Adobe, will discuss how to successfully leverage mobile, rapidly deploy content, capture real-time d...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
IoT generates lots of temporal data. But how do you unlock its value? How do you coordinate the diverse moving parts that must come together when developing your IoT product? What are the key challenges addressed by Data as a Service? How does cloud computing underlie and connect the notions of Digital and DevOps What is the impact of the API economy? What is the business imperative for Cognitive Computing? Get all these questions and hundreds more like them answered at the 18th Cloud Expo...
SYS-CON Events announced today that 24Notion has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. 24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to con...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT's direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean technology was offered piecemeal and led with point solutions that require significant systems integration to orchestrate and deploy. There didn't exist a 'top down' approach that can manage and monitor the way a Smart Buildi...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
Korean Broadcasting System (KBS) will feature the upcoming 18th Cloud Expo | @ThingsExpo in a New York news documentary about the "New IT for the Future." The documentary will cover how big companies are transmitting or adopting the new IT for the future and will be filmed on the expo floor between June 7-June 9, 2016, at the Javits Center in New York City, New York. KBS has long been a leader in the development of the broadcasting culture of Korea. As the key public service broadcaster of Korea...
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
The idea of comparing data in motion (at the sensor level) to data at rest (in a Big Data server warehouse) with predictive analytics in the cloud is very appealing to the industrial IoT sector. The problem Big Data vendors have, however, is access to that data in motion at the sensor location. In his session at @ThingsExpo, Scott Allen, CMO of FreeWave, will discuss how as IoT is increasingly adopted by industrial markets, there is going to be an increased demand for sensor data from the outer...