India’s Tata Communications posts quarterly revenue rise on data‑services growth

April 22 (Reuters) - ‌India's Tata ​Communications ​reported a 9.4% rise in fourth-quarter revenue on Wednesday, supported ‌by demand for cloud infrastructure and ⁠high-bandwidth cable services housed under its data ‌services unit.

• Revenue ‌from its mainstay data services business rose 11.5% to 56.84 billion rupees ($606 ​million), boosting overall revenue to 65.54 billion rupees.

• Profit dipped to ⁠2.63 billion rupees for the three-month period ended ​March 31 from 10.40 billion in the year-ago period, which had ​seen a one-off gain ‌from the sale of a stake in a subsidiary.

• "This ⁠quarter, we had some interesting deal wins around network transformation, multi-cloud connectivity and ⁠employee interaction capabilities for enabling global capability centres", ​CEO-designate Ganesh Lakshminarayanan said.

• Peers Reliance Jio and Bharti Airtel, whose enterprise businesses form ‌a smaller part compared with their core telecom services, will ‌report fourth-quarter results on Friday ⁠and next week, ‌respectively.

($1 = 93.7950 Indian ​rupees)

(Reporting by Sai Ishwarbharath B in Bengaluru; Editing by Sherry ‌Jacob-Phillips)

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