|By PR Newswire||
|February 14, 2014 05:00 AM EST||
MUMBAI, February 14, 2014 /PRNewswire/ --
Rolta India Limited, a leading provider of innovative IT solutions for many vertical segments, including Federal and State Governments, Defence and Homeland Security, Utilities, Process, Power, Banking and Insurance, today announced unaudited financial results for quarter ended December 31, 2013 (Q2 FY-14).
- Consolidated Revenue for Q2 FY-14 at Rs.759.17 cr (Rs.7.59 Billion) against Rs. 627.77 cr (Rs. 6.28 Billion) in Q1 FY-14, registering a Q-o-Q growth of 20.9% and Y-o-Y growth of 44.2%.
- Consolidated EBITDA for Q2 FY-14 at Rs. 285.06 cr (Rs. 2.85 Billion) against Rs. 239.34 cr (Rs. 2.39 Billion) in Q1 FY-14, registering a Q-o-Q growth of 19.1% and Y-o-Y growth of 32.5%.
- Consolidated Profit after Tax for Q2 FY-14 at Rs. 74.61 cr (Rs. 0.75 Billion) against Rs. 70.26 cr (Rs. 0.70 Billion) in Q1 FY-14, registering a Q-o-Q growth of 6.2% and Y-o-Y growth of 6.0%.
- Consolidated Revenue for six months FY-14 at Rs. 1,386.94 cr (Rs.13.87 Billion) against Rs. 996.62 cr (Rs. 9.97 Billion) in FY-13, registering a Y-o-Y growth of 39.2%.
- Consolidated EBITDA for six months FY-14 at Rs. 524.40 cr (Rs. 5.24 Billion) against Rs. 427.69 cr (Rs. 4.28 Billion) in FY-13, registering a Y-o-Y growth of 22.6%.
- Consolidated Profit after Tax for six months FY-14 at Rs. 144.87 cr (Rs. 1.45 Billion) against Rs. 133.60 cr (Rs. 1.34 Billion) in FY-13, registering a Y-o-Y growth of 8.4%.
- The Company had adopted July 1 to June 30 Financial Year as its accounting practice. The Companies Act 2013 has now prescribed a uniform Financial Year ending March 31 for all Indian Companies. The Company's Board of Directors has, therefore, decided to end the current financial year on March 31, 2014 (instead of June 30, 2014). Therefore, the current financial year will be for a period of nine months up to March 31, 2014. Subsequent financial years shall commence on April 1 and conclude on March 31.
Commenting on the results, Mr. K. K. Singh, Chairman and Managing Director said, "We are very pleased with the progress we are making in monetizing our investments in creating an IP-led business. We are now getting much larger orders, including repeat business from existing customers. These represent an expansion of the Company's footprint within customers' IT landscape, and include IP and annuity revenues, with on-going engagements for managed services."
The Company announced that its Promoters increased their share holding in the Company from around 40% to over 50% through creeping acquisitions over the last three years. The Promoters continue to increase their holdings further through creeping acquisitions in line with SEBI guidelines. This is evidence of the confidence that the Promoters have in the business model of the Company, the superiority of its offerings, and the growth potential of the Company.
Rolta's products and solutions are receiving increasing attention from industry analysts. Rolta OneView™ was positioned by NASSCOM/Frost & Sullivan in the top right "Exemplars" quadrant in their Product Excellence Matrix ("PEM") for Analytics products in their report published in November 2013. Exemplars are defined as: "…vendors that have a well-defined growth strategy and successful execution plan". In a second PEM that reflects the market focus from "narrow" to "wide", and level of maturity in the market from "entry" level to "established", Rolta OneView™ was once again placed in the top right quadrant, conveying that it is an established product with wide applicability in many vertical segments.
Rolta's strategic partnership with SAP announced in this quarter is a noteworthy development not only because it is another testimonial of the Company's differentiated offerings for Business Intelligence (BI), Big Data and Analytics, but also for the scope of the alliance. Under the agreement, Rolta will provide customers across the world with cutting-edge solutions designed to exploit the power of SAP technology by combining Rolta's products with almost the complete database and technology portfolio offered by SAP. This effectively enables Rolta to sell SAP products cost-effectively, bundled with its own IP anywhere across the world without having to depend on SAP's distribution channels.
On the other hand, Rolta is working with SAP to have Rolta OneView™ included in their "Preferred Partner Solution" program as a precursor to its inclusion in the SAP global price-book. This will enable SAP's global sales force to sell the Rolta solution, which will dramatically increase the market penetration of Rolta OneView™ as it will reach SAP's 250,000+ customers.
Rolta has transformed its data center to a world-class private Cloud infrastructure with 100% virtualization. Besides providing scalability and agility to Rolta's own organization, it is also used for delivering Rolta solutions and IP on the Cloud. Rolta is working to make Rolta OneView™ and its many other solutions available on SaaS (software as a service) model by leveraging Rolta GeoCloud™.
Rolta continues to win projects in the areas of Geospatial, Engineering, IT and Defence & Security, even more so when it is able to combine its strengths in these areas. This is true for all geographical regions, vindicating Rolta's strategy of offering preconfigured but customized solutions that leverage Rolta's deep domain knowledge, its intellectual property, IT expertise and industry focus. Rolta has strengthened its position in significant industry segments like Banking, Finance, Insurance, Manufacturing, Retail and Healthcare, apart from the traditional Rolta segments like, Oil & Gas, Utilities, Government, Infrastructure, and Defense & Security, where it remains strong. The pipeline is, therefore, steadily undergoing a qualitative improvement, with larger, more sophisticated projects and greater contribution from Rolta IP.
Defense and Homeland Security:
In the Defence and Homeland Security (HLS) sector, the Company has continued to strengthen its leadership.
For example, Rolta is one of the few companies who have been invited to respond to the largest C2 defence 'Make India' program being undertaken by the Indian Army (estimated to be worth over Rs. 30,000 Crores / $ 5.0 Bn). With its incumbent software provider status, state-of-the-art indigenous GIS and C2 software that has been deployed and proven operationally at various field formations and cutting-edge communication solutions, Rolta is in an exceptional position to address this project. In fact, some of the world's leading defence contractors have approached Rolta to not only partner the Company for this program but to also source Rolta software and solutions for their global projects.
Major HLS organizations have continued to repose confidence in Rolta's offerings with even more police forces in different cities/states, like Mumbai, Chandigarh, UP and Maharashtra finalizing on the Company's sophisticated solutions.
Enterprise Geospatial and Engineering Solutions:
Rolta continues to win projects for Engineering Information Management from various verticals within the process industry. These include assignments for as-built modeling to create repositories of validated data that serve as the foundation for enterprise level BI and Analytics.
Similarly, the Company continues to make significant inroads with its geospatial solutions. The Company won a prestigious $25M+ project for 3D city modeling from Abu Dhabi City Municipality. This is an ambitious project designed to fulfill the challenges of sophisticated analysis and simulation for town planning, infrastructure development, environmental management, homeland security and emergency response. Rolta will leverage its Geospatial Fusion™ solution framework and various special-purpose software tools.
Rolta is seeing increased traction in the area of 3D modeling, with focus shifting towards building a mapping infrastructure that can help to improve citizen services, including safety and security. There are many municipal and government bodies actively pursuing similar approaches. In fact, Rolta has already received another order for 3D City modeling in Saudi valued at $4M+. Similarly, another example is an innovative solution for a 3D Soil Mapping system built on the Rolta Geospatial Fusion™ platform in Dubai, which incorporates predictive analytics and 3D visualization capabilities. As an early mover in this complex field with a proven track record, Rolta is well placed to get significant business from other customers in in this specialized segment worth hundreds of millions dollars.
Rolta won a prestigious contract from Saudi's General Commission for Survey valued at over $2.2 M for developing a geospatial web-based fully bilingual portal for distribution of spatial data to various stake-holders. The Company deployed Rolta Geospatial Fusion™ framework, which will now be leveraged to also provide executive dashboards for business and spatial analytics.
Business Intelligence, Big Data and Analytics
Rolta has achieved a position of eminence in BI and Big data Analytics with some prestigious wins. This is an area of IT that is rated as the top priority for CIOs and is attracting big investments. With some very unique IP that has received industry acclaim, such as Rolta OneView™, Rolta iPerspective™, Rolta GeoBI™, and many other suites, Rolta offers innovative approaches to implementing BI and Analytics. For example, Rolta has architected and developed a Big Data Analytics solution with Rolta OneView™ and SAP HANA for asset integrity and performance management for a large process manufacturing company with multiple production sites across the world.
Rolta is experiencing very good traction for its differentiated BI and Analytics solutions in various geographies and many vertical segments. For example, the Company is leveraging Rolta GeoBI™ framework to deliver a location-aware analytics solution for a major Electric Utility company in the US. For a US company in the Healthcare vertical, Rolta is implementing an Enterprise-level BI solution. For a major chemical company in Qatar, Rolta was engaged to define their BI and Big data Analytics solution for an ambitious enterprise-wide project. A similar project has also been awarded by an Oil company in Oman.
IT Consulting and Managed Services
Rolta continues to expand its Consulting & Managed Services engagements, thereby increasing annuity revenues from long-term contracts. An example of success in this practice area is a customer in the US who has entrusted on-going management of their mission-critical SAP ERP implementation which supports transactions pertaining to over 5 million products in their portfolio.
Similarly, many other customers have retained Rolta to manage their complex IT Infrastructure, databases and enterprise applications. Examples include customers in the Oil & Gas, Utilities, Retail and Manufacturing sectors. In all cases, Rolta leverages its IP and domain expertise.
In India, Rolta has won a prestigious World Bank funded contract from Bihar Rural Livelihoods Promotion Society for delivering a micro-financing solution. Rolta e-Governance™ Solution is being implemented on Oracles ERP platform. Such projects are expected to be replicated by 24 States with WB funding.
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, Analytics, 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. The Company's 'Senior Notes' are listed on Singapore Stock Exchange.
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. The Company may make additional written and oral forward-looking statements but do not undertake, and disclaim any obligation, to update them.
For additional information please visit http://www.rolta.com, or contact:
Jt. MD & COO - Domestic Operations
Member of the Board
President - Americas
Member of the Board
President - Business Operations:
Europe, Middle East and Africa
Director Finance & CFO
Member of the Board
SOURCE Rolta India Limited
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 04:00 AM EST Reads: 980
We are reaching the end of the beginning with WebRTC, and real systems using this technology have begun to appear. One challenge that faces every WebRTC deployment (in some form or another) is identity management. For example, if you have an existing service – possibly built on a variety of different PaaS/SaaS offerings – and you want to add real-time communications you are faced with a challenge relating to user management, authentication, authorization, and validation. Service providers will want to use their existing identities, but these will have credentials already that are (hopefully) i...
Nov. 27, 2014 04:00 AM EST Reads: 1,030
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...
Nov. 26, 2014 11:45 PM EST Reads: 1,112
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 ...
Nov. 26, 2014 11:30 PM EST Reads: 998
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrategies, will examine why IT must finally fulfill its role in support of its SBUs or face a new round of...
Nov. 26, 2014 09:00 PM EST Reads: 1,047
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water, are pursuing SmartGrid initiatives that represent one of the more mature examples of SAE. We have s...
Nov. 26, 2014 06:00 PM EST Reads: 1,044
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!
Nov. 26, 2014 04:00 PM EST Reads: 1,084
One of the biggest challenges when developing connected devices is identifying user value and delivering it through successful user experiences. In his session at Internet of @ThingsExpo, Mike Kuniavsky, Principal Scientist, Innovation Services at PARC, described an IoT-specific approach to user experience design that combines approaches from interaction design, industrial design and service design to create experiences that go beyond simple connected gadgets to create lasting, multi-device experiences grounded in people's real needs and desires.
Nov. 26, 2014 03:45 PM EST Reads: 1,033
P2P RTC will impact the landscape of communications, shifting from traditional telephony style communications models to OTT (Over-The-Top) cloud assisted & PaaS (Platform as a Service) communication services. The P2P shift will impact many areas of our lives, from mobile communication, human interactive web services, RTC and telephony infrastructure, user federation, security and privacy implications, business costs, and scalability. In his session at @ThingsExpo, Robin Raymond, Chief Architect at Hookflash, will walk through the shifting landscape of traditional telephone and voice services ...
Nov. 26, 2014 02:00 PM EST Reads: 1,501
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.
Nov. 25, 2014 09:30 PM EST Reads: 1,256
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series data. By focusing on enterprise applications and the data center, he will use OpenTSDB as an example t...
Nov. 25, 2014 09:30 PM EST Reads: 1,306
The Domain Name Service (DNS) is one of the most important components in networking infrastructure, enabling users and services to access applications by translating URLs (names) into IP addresses (numbers). Because every icon and URL and all embedded content on a website requires a DNS lookup loading complex sites necessitates hundreds of DNS queries. In addition, as more internet-enabled ‘Things' get connected, people will rely on DNS to name and find their fridges, toasters and toilets. According to a recent IDG Research Services Survey this rate of traffic will only grow. What's driving t...
Nov. 25, 2014 07:00 PM EST Reads: 1,343
Enthusiasm for the Internet of Things has reached an all-time high. In 2013 alone, venture capitalists spent more than $1 billion dollars investing in the IoT space. With "smart" appliances and devices, IoT covers wearable smart devices, cloud services to hardware companies. Nest, a Google company, detects temperatures inside homes and automatically adjusts it by tracking its user's habit. These technologies are quickly developing and with it come challenges such as bridging infrastructure gaps, abiding by privacy concerns and making the concept a reality. These challenges can't be addressed w...
Nov. 25, 2014 04:30 PM EST Reads: 1,348
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at Internet of @ThingsExpo, James Kirkland, Chief Architect for the Internet of Things and Intelligent Systems at Red Hat, described how to revolutioniz...
Nov. 24, 2014 07:00 PM EST Reads: 1,648
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 24, 2014 12:00 PM EST Reads: 1,534
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from hardware to software, or as we like to say, it’s an Internet of many different things. The difference ...
Nov. 24, 2014 11:00 AM EST Reads: 1,670
Cloud Expo 2014 TV commercials will feature @ThingsExpo, which was launched in June, 2014 at New York City's Javits Center as the largest 'Internet of Things' event in the world.
Nov. 24, 2014 09:00 AM EST Reads: 1,692
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, phone and digital TV services to consumers primarily in rural areas.
Nov. 23, 2014 07:30 PM EST Reads: 1,854
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 23, 2014 12:00 PM EST Reads: 1,802
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com), moderated by Ashar Baig, Research Director, Cloud, at Gigaom Research, Nate Gordon, Director of T...
Nov. 23, 2014 07:45 AM EST Reads: 1,838