What’s buzzing in Avaya Global?

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What’s buzzing in Avaya Global?

Online Enterprise solutions provider Avaya Global Connect, the 59% arm Avaya, US, has reported its first quarter results for FY10. Revenues came in at Rs 137.18 crore, while it turned in a net profit of Rs 10.85 crore for the quarter.

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Online Enterprise solutions provider Avaya Global Connect, the 59% arm Avaya, US, has reported its first quarter results for FY10. Revenues came in at Rs 137.18 crore, while it turned in a net profit of Rs 10.85 crore for the quarter.

A customer centric solution strategy has helped Avaya Global  deliver strong growth which is looking sustainable over the ensuing future. The company expects higher contribution from India and China in future. Analysts expect the company to earn an EPS of Rs 21 and Rs 27 in FY10 and FY11 respectively.

Avaya Global has touched an intraday high of Rs 241.00 and an intraday low of Rs 220.50. At 14:59 pm, the share was quoting at Rs 229.45, up Rs 9.60, or 4.37%. While the last one month has seen the share gain 18.33%, it has actually surged almost 50% in the last three months when it was trading at Rs 153.25 a quarter ago.

In an interview with CNBC-TV18, Anil Nair, MD, Avaya Global Connect spoke about the company's business and the road ahead.

Here is a verbatim transcript of the interview. Also watch the accompanying video.

Q: You have been mentioning at the Cairo Conference which is underway that you do see a lot of busines really kicking-in from India and China. How much in terms of your revenues in percentage terms do India and China form and what sort of business and projects do you see coming in from these economies?

A: I represent Avaya Global Connect which is the biggest go to market partner for Avaya in India. And I presume the revenues of India would be 3-4% of the global revenues.

Q: Give us an update on the roadmap from here and how the business is shaping up?

A: Yes as far as Avaya Global Connect is concerned, I think there has been a lot of work that we have done to bring down the breakeven points. So clearly now we see there is a lot of focus on improving the market situation.

Our order booking is showing a very healthy and positive trend, and now going forward our intent is profitable growth and underlying that there are three strategies that we will be deploying. The first being that we want to differentiate ourselves with clear solutions for each vertical in the market.