Avaya GlobalConnect, India’s leading provider of Intelligent Communication solutions released its results for quarter ended March 31, 2008.

The company has posted a net profit of Rs. 5.29 crore as against Rs. 9.48 crore for the corresponding period last year. It recorded gross sales of Rs. 142.65 Crore as opposed to the corresponding period last year, when it was Rs. 162.43 Crore.

The Mumbai-based company has registered consolidated gross income of Rs. 154.74 crore and consolidated net profit of Rs. 4.14 crore for quarter ended March, 08. The consolidated before tax (PBT) rests at Rs. 12.15 crore.

During H1FY08 (1st half Fiscal Year), the company has recorded Gross Sales of Rs. 282.03 Crrore Profit before tax (PBT) reported for the period for H1FY08, stands at Rs.19.75 Crore and the net profit for the same period is Rs. 12.15 Crore.

And for the period of H1FY08, the company witnessed consolidated Gross Sales of Rs. 313.13 Cr. Consolidated Profit before tax (PBT) reported for the period for H1FY08, stands at Rs.18.61 Crore and the net profit for the same period is Rs. 11.01 Crore.

Announcing the company’s quarter result, Niru Mehta, Vice Chairman & Managing Director, Avaya GlobalConnect said, “Since our last fiscal year, we have seen a shift and broadening in the industries investing in our product and service offers. The domestic hospitality, retail, manufacturing, and healthcare industries have increased their purchases compared to the IT, ITeS and Financial Services companies.”

Mr. Mehta goes on to say that the expansion of customer base is an outcome of efforts started off two years ago, whereby concentrating on company’s reputation and rolling in sales from a more diverse group of customers were prioritized.