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INFO-TECH: Tulip Telecom Q1 profit rises 8.5%.(Financial report)
from BUSINESS LINE, August 10, 2010 New Delhi, Aug. 9 - Enterprise communications service provider Tulip Telecom has reported a growth of 8.5 per cent in consolidated net profit to Rs 64.15 crore for the first quarter ended June 30, 2010 compared with Rs 59.91 crore for the corresponding previous quarter.
Total revenues rose to Rs 525.17 crore (Rs 442.92 crore).
To raise Rs 1,000 cr Tulip Telecom recently picked up a 13 per cent stake in Qualcomm's broadband venture. The company plans to raise Rs 1,000 crore through securities or bonds to fund expansion as well as acquisitions. Shares of Tulip Telecom today closed at …
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