D-Link India grows by 115% in Q1 FY12

In its recently held board meeting, D-Link India announced the unaudited financial results for first quarter ended June 30, 2012.

As per the result, the sales revenue of the company for Q1, FY13 was up by 115% at Rs 7, 664.73 lakh as against Rs 3,560.26 lakh in Q1 last year. Similarly the sales revenues for Q1, FY13 was up by 7% at Rs 7,664.73 lakh from Rs 7,145.45 lakh as compared to the previous quarter ended March 31, 2012.

Exulted with the growth and commenting on the results posted Tushar Sighat said, "This has indeed been a very good quarter for us, as we managed to carry forward our growth momentum. We witnessed holistic growth coming from all product categories along with good traction from enterprise business. Our initiative in enhancing D-Links' presence in large enterprise segment yielded positive results with more and more tier-1 and tier-2 partners joining hands with us."

"Increased internet penetration and awareness resulted in good pull from consumer side and helped us further strengthen our position as a leader in internet connectivity devices. Further, we also noticed high level of acceptance in consumer space for lifestyle networking devices, which again was very motivating. In fact this quarter we launched quite a few innovative devices for consumers that included a host of mydlink cloud enabled products" added Sighat.