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STL delivers a strong third quarter with continued Q-o-Q growth- Revenue at Rs. 1314 crores, with strong Q-o-Q and Y-o-Y growth - Maintains a healthy order book of Rs. 10,000+ crores backed by new customers and products - Continued investments in capabilities and capacities PUNE, India, Jan. 20, 2021 /PRNewswire/ -- STL (NSE: STLTECH): an industry-leading integrator of digital networks, today announced the financial results for the third quarter ended December 31, 2020. STL recorded revenues of Rs 1314 crores, demonstrating growth compared to last year and the preceding quarter. The outlook for 2021 looks promising as STL maintained its order book above Rs. 10,000 crores, and commercially launched new products for optical and wireless networks, setting the stage for disruptive growth in the 5G era. 2020 was a landmark year for Digital Networks As the pandemic brought normal life to a standstill, 2020 established the power of digital networks beyond any doubt. With digital becoming the primary mode of human interaction, user penetration accelerated and network builders committed disproportionate investments. This has triggered an unprecedented decade of network creation. As the new network drives connectivity to billions of unconnected users, 5G and FTTH became mainstream. A new architecture emerged, based on 4 key technology confluences of- i) wired and wireless, ii) hardware and software, iii) compute and connectivity, iv) at the edge. Recognizing these major shifts, STL focused on strengthening its core capabilities in optical solutions, network software, and system integration, while establishing new solutions in next-gen wireless access. STL achieved strong results and established new solutions with marquee customers for future growth In Q3, STL demonstrated continued growth and financial performance in its core business areas and invested in capability building, capacity enhancement, new product development, and the strengthening of its leadership team. Some key highlights:
Commenting on STL's performance and outlook, Dr. Anand Agarwal, Group CEO, STL said, "Our strong evolving suite of end-to-end converged network solutions is fundamental to our continued growth. Post 2020, we are looking at a decade of extensive network creation. Mindful of this, we have invested in strong global talent and built solutions that can deliver best-in-class digital networks across the globe. Our philosophy of deep customer engagement, coupled with sustained investments will help drive profitable growth for our key accounts, as they deliver the best digital experience to their customers." To know more about the company's strategy and Q3' FY 21 results, please log in to the Analyst Call today at 16.00 IST. About STL - Sterlite Technologies Ltd: STL is an industry-leading integrator of digital networks. We design and integrate these digital networks for our customers. With core capabilities in Optical Interconnect, Virtualized Access Solutions, Network Software and System Integration, we are the industry's leading end-to-end solutions provider for global digital networks. We partner with global telecom companies, cloud companies, citizen networks and large enterprises to deliver solutions for their fixed and wireless networks for current and future needs.We believe in harnessing technology to create a world with next generation connected experiences that transform everyday living. With intense focus on end-to-end network solutions development, we conduct fundamental research in next- generation network applications at our Centre of Excellence. STL has a strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India, Italy, China and Brazil, optical interconnect capabilities in Italy, along with two software-development centres across India and one data centre design facility in the UK. Logo: https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg |