Welcome!

@BigDataExpo Authors: William Schmarzo, Pat Romanski, Dana Gardner, Elizabeth White, Liz McMillan

News Feed Item

Rolta's Q1-FY-15 Consolidated Revenue Grows 44.0% and EBITDA 30.3% Y-o-Y

MUMBAI, India, August 9, 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 June 30, 2014 (Q1 FY-15).

     (Logo: http://photos.prnewswire.com/prnh/20121023/570667 )

FINANCIAL HIGHLIGHTS 

  • Consolidated Revenue for Q1 FY-15 at Rs.881.28 cr (Rs.8.81 Billion) against Rs. 612.20 cr (Rs. 6.12 Billion) in Q4 FY-13, registering a Y-o-Y growth of 44.0% and Q-o-Q decline of 20.9%.
  • Consolidated EBITDA for Q1 FY-15 at Rs. 296.07 cr (Rs. 2.96 Billion) against Rs. 227.29 cr (Rs. 2.27 Billion) in Q4 FY-13, registering a Y-o-Y growth of 30.3% and Q-o-Q growth of 5.2%.
  • Consolidated profit before exceptional item & tax for Q1 FY-15 at Rs. 68.90 cr (Rs. 0.69 Billion) against Rs. 85.86 cr (Rs. 0.86 Billion) in Q4 FY-13, registering a Y-o-Y decline of 19.8% and Q-o-Q growth of 33.8%.

Mr. K. K. Singh, Chairman and Managing Director said, "During FY14, Rolta achieved a number of milestones that helped the company achieve high growth over the previous year's revenue. Encouraged by this success of the Company's solutions-based business model, we are focusing on rapidly widening our market reach to not only win new customers, but also to engage with our 3500+ customer base to offer additional solutions and services from our expanded portfolio."

CORPORATE HIGHLIGHTS 

AdvizeX, a wholly-owned Rolta company, has received strong recognition from various technology leaders. Redhat Linux honored the company with the "Rising Star Award".  EMC® named the company as the North American "Services Partner of the Year" in recognition of Rolta's highly qualified staff and deep EMC product knowledge, and for delivering service excellence to customers. Based on its strong growth, Rolta improved its standing in Dataquest's ranking of ICT companies in India to 29, versus 43 in the previous year's list. The Company recently received the "Asia Training & Development Excellence Award" for "Best Practice in Learning Transfer for Improving Business Bottom Line" in recognition of Rolta's focused efforts to train its workforce to be effective in its transformation to IP-led solutions orientation.

Rolta recently completed issuance of 8.875%, 5-year Senior Notes to raise USD 300 Million in the international markets. This offering was oversubscribed by more than 8 times, reflecting the confidence of leading global investors in the Company's business model.

On the product development front, the Company has added to its solutions portfolio, including significant enhancements of functionality of Rolta OneView™ to make it more versatile and to provide deeper insights with diagnostic and prescriptive analytics.

Rolta continues to win projects in the areas of Geospatial & Engineering Systems, Enterprise IT, and Defense & Security by differentiating its solutions by uniquely combining its strengths in these areas of expertise. 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 continues to make rapid inroads into 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 steadily undergoing a qualitative improvement, with larger, more sophisticated projects and greater contribution from Rolta IP.

Defense and Homeland Security: 

Rolta has maintained its leadership position in the Defence and Homeland Security (HLS) sector in India. The Company's indigenous Command, Control, Intelligence, Surveillance and Reconnaissance (C2ISR) solutions that are based on Rolta IP, have practically become the standard for Indian defence with an installed base of hundreds of sites spread across the length and breadth of India.

For example, Rolta recently implemented its Enterprise Command and Control (C2) solution for Joint Warfare at Indian Military Tri-Services.  This solution helps planning in 'team operations' across the Navy, Air Force and Army for integrated and synchronized joint warfare and is being used for briefing and analysis to undertake unified combat operations by the tri-services.

The Company has also been invited by the Indian Army to participate in the largest C2 program for a Battlefield Management System (BMS) estimated to be worth over Rs. 50,000 Crores ($8.3 B). This prestigious project is meant to deliver C2 capabilities to the fighting echelons, operating at the forward edge of the Tactical Battle Area at the Battalion and Combat Group levels. The heart of this project is C2 software and a key mandatory requirement is provision of such operationally proven indigenous software. Rolta's bid is unique, as it is built around the indigenous Rolta BMS SuiteTM of software, which has been developed based on Rolta IP that is in effective use and operationally validated across various formations of the Army.

Our HLS business also continues to flourish, with major police organizations around the country placing their faith in state-of-the-art Rolta solutions. For example, the UP Police control room equipped with Rolta technology was recently inaugurated and received excellent reviews, and is now all set to serve the citizens of Lucknow. This integrated emergency response system comprising of Rolta IP, advanced communication switching technology and Mobile Data Terminals will provide 24/7 access to law enforcement and other emergency services - by the click of a mouse or through simple smart phone applications, a person in distress can seek assistance from anywhere. The modern Control Room at Lucknow, based on Rolta IP, is one of the most sophisticated installations in India.

Geospatial and Engineering Information Systems: 

Rolta continues to win projects in all geographies by leveraging its IP and domain expertise, coupled with vertical-specific knowhow. The Company is developing and delivering innovative solutions to customers worldwide. They address diverse business needs of customers, such as spatially enabled asset management, workflow management for public works projects for city governments, and mobility solutions. Because these solutions offer new and unique approaches to enhance business effectiveness of a customer, there is increasing demand for replication, thereby providing opportunities to Rolta to open new markets.

For example, a unique solution was developed for Dubai RTA for centralized issuance of electronic "no objection certificates" (eNOC) to various agencies for carrying out public works in a coordinated manner, thereby reducing costs and delays. All GCC countries have evinced keen interest in such an eNOC solution. Another example is the order received by Rolta from Qatar government's project management organization for geo-enabling their asset management systems by leveraging Rolta OnPoint™. Similar Rolta solutions are already serving the needs of departments of transportation of various US and Canadian transportation agencies, as well as many municipalities throughout North America for assets management. Contracts for infrastructure upgrades, enhancements in analytics functionality, and mobility solutions were received in the quarter from many of these public service customers.

Rolta also expanded its European footprint by winning GIS projects in newer markets, such as, for Trakya in Turkey to provide digital mapping for their utility infrastructure. Our engagement with NPG continues to produce very satisfactory results, leading to additional large orders.

Rolta was recently awarded a multi-million dollar additional scope of work by Sadara Chemical Company. The Company was selected for the initial project, also valued at multi-million dollars, based on its unique combination of world class capabilities in Engineering and Information Technology (IT).

Enterprise IT - Business Intelligence, Big Data and Analytics, IT Consulting and Services 

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.  The pipeline for Rolta OneView™ opportunities is growing rapidly, with many PoCs in progress in all geographies, including various new markets and verticals, where the uniqueness of Rolta's solutions was a key factor for success. For example, Rolta was contracted by the largest independent petroleum refiner in the United States to provide a PoC of Rolta OneView's capabilities, before embarking on full implementation. Other contracts in the area of BI and Analytics include those for a U.S. nonprofit organization dedicated to furthering the expansion of college opportunities for students; a major healthcare data, analytics and advisory company; and a Fortune 19 healthcare company, representing Rolta's success in multiple vertical segments. In the BFSI Analytics area, Rolta recently expanded into new territories by winning projects around Oracle Financial Services Analytic Application (OFSAA) from banks in Sri Lanka and Vietnam.

In the area of consulting and application development, Rolta has met with success in all markets. For example, in India, the Company has won many contracts, including one from The Department of Industries, Government of Maharashtra, for Design, Development, Implementation and 5 Years of Operations & Maintenance Support for Entrepreneurs Registration and Incentives Management System (ERIMS). In addition, Rolta is working on major "Rural Livelihood" projects to build transactional and reporting systems for access at the village level. This track record positions Rolta well for similar World Bank supported projects that would soon be rolled out by all States with average investment of about Rs. 10 Cr each.

Rolta supports leading global organizations in upgrading their systems with technologies like Oracle EBS R12 upgrades. One such example is the Company's project with a major soft drink manufacturer and distributor to upgrade their current systems to R12 and Oracle Plant Management implementations.

P2 Energy Solutions (P2) is a leading provider of highly sophisticated solutions for upstream oil and well lifecycle management to solve complex business challenges. Rolta was awarded a contract by a large, independent oil and gas company to customize and integrate their Oracle-based P2 applications and optimize these critical financial and operational accounting applications for improving their Return on Assets.

Managed Services is an area that is also growing rapidly for Rolta, especially as the Company expands the installed base of its IP.  Rolta Americas added multi-million dollar contracts for additional work with existing customers. Projects included management of Hyperion Enterprise Performance Management and Hyperion Financial Management upgrades and enhancements for retail and financial services companies; Business Intelligence consulting and implementation for major utilities.

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:

Atul Tayal
Jt. MD & COO - Domestic Operations
Member of the Board
[email protected]
Tel: +91(22)2926-6666


Preetha Pulusani
President - Americas
Member of the Board
[email protected]
Tel: +1(678)942-5000


Pankit Desai
President - Business Operations:
Europe, Middle East and Africa
[email protected]
Tel: +91(22)2926-6666


Hiranya Ashar
Director Finance & CFO
Member of the Board
[email protected]
Tel: +91(22)2926-6666


SOURCE Rolta India Limited

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@BigDataExpo Stories
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
Hostway Services, Inc. and WSM International have partnered to deliver trouble free migration services for any organization that wishes to bring their IT infrastructure to Hostway's Azure managed cloud services. WSM is the leader in providing turn-key IT migration services since 2003 and is now the preferred provider to any Hostway customer that is seeking to move its computer infrastructure to the Hostway Azure-based cloud.
Ovum, a leading technology analyst firm, has published an in-depth report, Ovum Decision Matrix: Selecting a DevOps Release Management Solution, 2016–17. The report focuses on the automation aspects of DevOps, Release Management and compares solutions from the leading vendors.
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
UpGuard has become a member of the Center for Internet Security (CIS), and will continue to help businesses expand visibility into their cyber risk by providing hardening benchmarks to all customers. By incorporating these benchmarks, UpGuard's CSTAR solution builds on its lead in providing the most complete assessment of both internal and external cyber risk. CIS benchmarks are a widely accepted set of hardening guidelines that have been publicly available for years. Numerous solutions exist t...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
"Avere Systems is a hybrid cloud solution provider. We have customers that want to use cloud storage and we have customers that want to take advantage of cloud compute," explained Rebecca Thompson, VP of Marketing at Avere Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.