Welcome!

Big Data Journal Authors: Cynthia Dunlop, Trevor Parsons, Elizabeth White, Bob Gourley, Carmen Gonzalez

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
Dyn solutions are at the core of Internet Performance. Through traffic management, message management and performance assurance, Dyn is connecting people through the Internet and ensuring information gets where it needs to go, faster and more reliably than ever before. Founded in 2001 at WPI, Dyn’s global presence services more than four million enterprise, small business and personal customers.
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: S...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money! Speaker Bio: ...
Things are being built upon cloud foundations to transform organizations. This CEO Power Panel at 15th Cloud Expo, moderated by Roger Strukhoff, Cloud Expo and @ThingsExpo conference chair, will address the big issues involving these technologies and, more important, the results they will achieve. How important are public, private, and hybrid cloud to the enterprise? How does one define Big Data? And how is the IoT tying all this together?
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic...
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage solutions, has been named “Bronze Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Cloudian is a Foster City, Calif.-based software company specializing in cloud storage. Cloudian HyperStore® is an S3-compatible cloud object storage platform that enables service providers and enterprises to bui...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, will discuss how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP ...
SYS-CON Events announced today that O'Reilly Media has been named “Media Sponsor” of SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. O'Reilly Media spreads the knowledge of innovators through its books, online services, magazines, and conferences. Since 1978, O'Reilly Media has been a chronicler and catalyst of cutting-edge development, homing in on the technology trends that really matter and spurri...
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce t...
Samsung promises to be one of the 800-pound gorillas of the IoT, if its success in recent years with Android devices and other consumer electronics is any guide. Showing its willingness to be a big IoT player, the company recently acquired SmartThings, a recent startup that's developed an open smarthome appliation that currently supports 1,000 devices and 8,000 apps. SmartThings will now work under the auspices of Samsung's Open Innovation Center (OIC). SmartThings Founder and CEO Alex Hawkinson...
What process has your provider undertaken to ensure that the cloud tenant will receive predictable performance and service? What was involved in the planning? Who owns and operates the data center? What technology is being used? How is it being supported? In his session at 14th Cloud Expo, Dave Weisbrot, Cloud Business Manager for QTS, will provide the attendees a look into what it takes to stand up and stand behind a highly available certified cloud IaaS.
I'll be hosting an SAP HANA Cloud webinar at 11am eastern time, Wednesday, October 29. You can sign up now. Featured speakers will be Allan Adler, Managing Partner, Channel Cloud Consulting, and Thorsten Leiduck, VP ISVs & Digital Commerce, SAP. Attendees will learn about • Cloud economics, hybrid cloud strategy, market size and opportunity • Introduction to SAP HANA Cloud Platform and how to: - Build new next-generation applications - Extend on-premise solutions non-disruptively throu...
SYS-CON Events announced today that Gigaom Research has been named "Media Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Ashar Baig, Research Director, Cloud, at Gigaom Research, will also lead a Power Panel on the topic "Choosing the Right Cloud Option." Gigaom Research provides timely, in-depth analysis of emerging technologies for individual and corporate subscribers. Gigaom Research'...
Join both SAP and Channel Cloud Consulting for our webcast and uncover how you can extend your reach to capture a piece of the US$17 billion cloud application services market with SAP. Learn about SAPs market-leading SAP HANA Cloud Platform and an exciting opportunity to join SAPs growing ecosystem of Application Development partners. When: October 29, 11:00am EST Speakers: Allan Adler, Managing Partner, Channel Cloud Consulting Thorsten Leiduck, Vice President ISVs & Digital Commerce, SAP
Application Performance Management (APM) has been bred with all the right elements to give us the insights we need to see the health of our applications. Similar to your most trusted watch dog, it alerts us to anomalies when events occur, providing awareness to the environment that only they can observe. As enterprises embrace the DevOps philosophy, and the coalescence of the Development and Operations continues, I foresee the conditions ripening to foster innovative methods of making applicati...
SYS-CON Events announced today that IBM is holding a Bluemix Developer Playground on November 5, 10:30 am to 5:30 pm at 15th Cloud Expo. 15th Cloud Expo, co-located with @ThingsExpo, Big Data Expo, and DevOps Summit is taking place Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. The labs, for developers of all levels, will highlight the ease of use of Bluemix, its services and functionality and provide short-term introductory projects that developers can complete betw...
The Industrial Internet revolution is now underway, enabled by connected machines and billions of devices that communicate and collaborate. The massive amounts of Big Data requiring real-time analysis is flooding legacy IT systems and giving way to cloud environments that can handle the unpredictable workloads. Yet many barriers remain until we can fully realize the opportunities and benefits from the convergence of machines and devices with Big Data and the cloud, including interoperability, da...
Software AG helps organizations transform into Digital Enterprises, so they can differentiate from competitors and better engage customers, partners and employees. Using the Software AG Suite, companies can close the gap between business and IT to create digital systems of differentiation that drive front-line agility. We offer four on-ramps to the Digital Enterprise: alignment through collaborative process analysis; transformation through portfolio management; agility through process automation...
How do you know when a technology has become mainstream? A good clue may be when politicians start talking about it on the campaign trail and with mainstream media. David Cameron, the UK prime minister, was the latest, indicating that the world was now on “fast-forward” with the Internet of Things (IoT) ushering in the new industrial revolution. No mention of IoT targeted at the masses would be complete without the clichéd example of the communicating fridge. While it is easy to get caught up in...
In my recent article, “Software Quality Metrics for your Continuous Delivery Pipeline – Part III – Logging,” I wrote about the good parts and the not-so-good parts of logging and concluded that logging usually fails to deliver what it is so often mistakenly used for: as a mechanism for analyzing application failures in production. In response to the heated debates on reddit.com/r/devops and reddit.com/r/programing, I want to demonstrate the wealth of out-of-the-box insights you could obtain from...