India, 3rd June 2023: NSE listed E2E Networks Limited, India’s fastest-growing accelerated cloud computing platform has announced its outstanding results for the fourth quarter (Q4-FY23) ending March 31, 2023. During the quarter, the company’s consolidated Net Revenue increased by 23.9% year-over-year to reach Rs. 17.6 Cr. EBITDA margin was 51.70% and Profit After Tax was Rs. 2.5 Cr, resulting in Rs. 1.73 per diluted share. The company’s exceptional performance across a variety of metrics demonstrates its unwavering dedication to development and excellence in the cloud computing industry.
During FY23 the company delivered revenue of Rs 66.2 Cr with an industry-leading growth of 27.6% YoY. It also recorded PAT of Rs 9.9 Cr up 52.3% YoY and EBITDA margin of Rs. 33 Cr up 49.85%. E2E Networks Ltd has consistently been increasing its Monthly Recurring Revenues (MRR) which is resulting in sustained revenue growth.
Megha Raheja, Chief Financial Officer at E2E Networks Limited said,”E2E Networks Limited has achieved remarkable success with impressive revenue growth and solid financial results. In Q4, our revenue witnessed a substantial year-on-year increase of 24%. Furthermore, our full-year revenue reached Rs 66.2 crores, demonstrating a significant growth rate of 27.6%. These numbers are a testament to our commitment to operational excellence and disciplined management practices.
We take pride in maintaining healthy operating margins and generating robust cash flow. Our exceptional performance, highlighted by notable margin improvements, positions us favorably to sustain our profitable growth trajectory.”
Key Highlights:
E2E Networks Limited, founded in 2009, is the only hyper scale of Indian origin that offers an accelerated public cloud computing platform. E2E Cloud provides a vast array of cloud services that meet the needs of the vast majority of Startups, SMEs, and Enterprises.
One of the first to bring contract-less computing in India. The company provides some white labelling options to its private cloud customers who wish to resell E2E’s compute infrastructure. The public cloud computing customers of E2E operate their Cloud Computing Infrastructure via the self-service control panel and via APIs provided by E2E Networks. Experienced team that designs, develops and operates the Public Cloud Platform. Largest NSE listed Cloud Provider having served 15,000+ customers with more than 2000 active customers.