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On Wednesday, India's Tata Communications unveiled its financial report, revealing that it has achieved its inaugural profit growth in the past three quarters. This positive outcome is attributed to the significant upswing in demand for cloud services and interconnection solutions. In a concurrent announcement, the company disclosed the appointment of Ganesh Lakshminarayanan as the Managing Director and CEO-designate. Lakshminarayanan is set to assume his official duties following the receipt of regulatory approval.
According to the financial report, the company's profit experienced a remarkable surge of 54.3% on a year-on-year basis, reaching 3.65 billion rupees (roughly equivalent to $39.8 million) for the three-month period ending on December 31.
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