Tejas Networks today reported its financial results for the first quarter ending June 30, 2017.
Tejas Networks designs, develops, manufactures and sells high-performance and cost-competitive optical and data networking products, which are used to build high-speed communication networks over optical fiber.
The consolidated revenues for the quarter grew by 49.0% year-on-year led by strong growth in domestic business. The operating margins grew by 251.6% year-on-year. Our operating margin was 12.8% in Q1’18 compared to 5.4% in Q1’17. The net profit after tax in Q1’18 was 9.2% as compared to net loss of 1.2% in Q1’17.
Sanjay Nayak, CEO and MD of Tejas Networks, said, “with exponential increase in data traffic in mobile as well as fixed-line broadband networks, we are witnessing a strong demand for our optical transmission equipment. During the quarter, we saw strong revenue growth especially from our Indian customers”.