Redington India Reports Surge in Quarterly Profit on Robust Cloud Demand

  Published 1 year ago

Redington (REDI.NS), Apple's distributor in India, posted a strong Q4 profit, driven by rising cloud and automation demand. Profit before exceptional items rose to ₹5.22 billion, and revenue surged 18% to ₹264.4 billion, with growth in South Asia and Africa boosting performance.

  • Cloud and automation saw the fastest growth.
  • One-time gain from Turkey unit divestment.
  • South Asia revenue jumped 25%.
You might like these

Aurionpro Expands in Europe with AI Lending Solutions

MOIL Shares Surge on Production, Sales

Shriram Properties: Strong FY25 & Positive Outlook

India's Growth Surge: Top 3 Economy, AI, and Innovation Drive

Vedanta Q1 Profit Drops, EBITDA Hits Record

Concord Biotech Invests in Stellon Biotech Expansion

Titan Announces Leadership Changes

News that matters the most ⚡