Mumbai, May 30, 2022: Black Box Limited (BSE: 500463) (NSE: BBOX), announced its audited financial results for the quarter and full year ended 31st March 2022
|Revenue from Operations||1,442||1,221||1,387||5,370||4,674|
|Gross Profit Margin %||28.7%||32.8%||28.6%||28.9%||32.0%|
|EBITDA Margin %||5.5%||7.6%||4.9%||4.8%||7.5%|
|$44.8 Mn||Data Center build-out and In-Building 5G/OnGo solutions for a US based cloud and social media leader|
|$5.34 Mn||Enterprise Networking & Digital Workplace solutions for an American biotechnology corporation|
|$6.16 Mn||Digital Workplace solutions and On Demand Solutions for an American medical facility|
|$5.72 Mn||Onsite repair services for an an American multinational enterprise information technology company|
Commenting on the results and performance Mr. Sanjeev Verma, Whole Time Director, Black Box said,
“Despite a challenging year, I am pleased to report a 15% increase in organic revenue due to the company's healthy order book and strong execution capabilities. The overall business is clearly improving in a sequential manner.
I am pleased to announce that we have received a $44 million order for Data Center build-out and In-Building 5G/OnGo solutions from a US based cloud and social media leader.
Throughout the year, our focus has been to add numerous offerings to serve a global customer base, expand our capabilities, enhance our solution portfolio, and expand our global presence.
We are constantly striving for innovation that anticipates our customers' ever- changing needs and accelerates their success.”
Mr. Deepak Kumar Bansal, Executive Director and Chief Financial Officer of Black Box, said,
“Despite the challenging environment of high manpower costs, supply chain challenges and other inflationary factors, we were able to increase revenues and EBITDA margins sequentially.
We believe that the measures being taken will have a positive impact on margins and profitability going forward.”
Black Box Limited (formerly AGC Networks Limited) is a trusted IT solutions provider delivering cutting-edge technology solutions and world-class consulting services to businesses around the globe.
The breadth of Black Box’s global reach and the depth of expertise accelerate customer success by bringing people, ideas, and technology together to solve real-world business problems.
Black Box’s IT infrastructure solutions, services, and products enable secure, flawless connectivity and meaningful collaboration for businesses in every major market sector on six continents.
Statements in this document relating to future status, events, or circumstances, including but not limited to statements about plans and objectives, the progress and results of research and development, potential project characteristics, project potential and target dates for project related issues are forward-looking statements based on estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual results changed assumptions or other factors.
For further information, please contact
Investor Relations Advisors :
Strategic Growth Advisors Private Limited
Mr. Rahul Agarwal / Ms. Ami Parekh
firstname.lastname@example.org / email@example.com
+91 982143 8864 / +91 80824 66052