Pune: STL [NSE: STLTECH]Digital Network Industry Leading Integrator today reported strong revenue growth of 30% year-on-year in its second quarter financial results ending September 30, 2021. 12% from the United States show that global traction for integrated digital network solutions is increasing.
The world is witnessing the construction of large-scale networks in the fields of 5G, FTTx, and OpenRAN, where attention is increasing to optical connections. As a result, textile demand is growing rapidly and the long-term outlook is bright. With its global footprint, 50 million fiber kilometers of fiber capacity, and 42 million fiber kilometers of planned cable capacity, the STL is well-positioned to lead network building over the last decade.
Providing a strategic roadmap
Over the past few quarters, STL has taken a series of strategic steps to achieve its global plan through the company’s three growth tools: growth in the optical business, globalization of system integration and the construction of disruptive wireless solutions. I have come. This focused strategy is currently producing results.
- Optical networking – STL is ready for the next phase of growth due to the surge in demand for its Global Solution Center and its technology-oriented optical interconnect portfolio. STL has also announced the general availability of pFTTx products, focusing on advanced optical technology.
- System integration – With field-to-factory expertise, the company has announced two top-tier wins of £ 42m in the UK.
- Wireless solution – This quarter, STL announced Accelus, the flagship solution for 5G-enabled open and programmable networks. Through devastating efforts in this area, STL has built 54 patents and formidable intellectual property as of the second quarter of 2010.
The company continued to focus on innovation and took major steps such as investing about 3.5% of its revenue in R & D and announcing a 5G R & D lab in the UK. STL further strengthened its patent portfolio in the second quarter of 2010, increasing the total number of patents to 636. 5G Wireless Solutions and Optical Interconnects – STL’s strategic growth areas contributed more than 50% of IP applications this quarter. As a result of several breakthroughs in software, STL has been awarded the TM Forum Catalyst Award for its significant contribution to accelerating digital transformation in the telecommunications industry.
ESG focus on core
STL has made every effort to advance ESG goals, with a focus on innovation and global expansion. The company has built water resilience in 12 villages, affecting the lives of Rs 21,000.With these efforts, STL has won 7 awards Including top notch in India and internationally Energy and Environment Foundation (EEF) Global WasteMet and Sustainability Awards.
Financial highlights (Rs 1 billion)
|P & L (Rs. Bn)||Second quarter of 2010||Q2’FY21||Year-on-year growth||H1’FY22||H1’FY21||Half a year growth|
Let’s take a closer look at these achievements. STL, Managing Director, Ankit Agarwal comment, “We have taken some formative steps over the past few quarters looking to the future. We have promoted our global leadership team to carry out strategic M & As and disruptive for programmable optical and wireless networks. These steps are now driving revenue growth. Robust optical, wireless, and system integration capabilities enable us to all enable new architectures for digital networks around the world. Will be able to harness the power of billions of connections. “
STL revenue increased by 30%.Strengthen your presence in the UK, Europe and the US – India Education | Latest Education News | Global Education News
Source link STL revenue increased by 30%.Strengthen your presence in the UK, Europe and the US – India Education | Latest Education News | Global Education News