Enterprise communication services provider Tulip Telecom  reported an increase of 42 per cent in its net profit at Rs 81.7 crore for the quarter ending December 31, 2010.
Total revenues for the reported quarter stood at Rs 602.2 crore as against Rs 500.9 crore in Q3 FY10, up 20.2 per cent.

"In line with the vision of the company, there has been a strong shift towards the fibre and services business.Accordingly, there is a major focus on high volume sales in MPLS VPN, Internet wholesale business and International Long distance," Tulip Telecom Chairman and Managing Director HS Bedi said.

Tulip Telecom CEO Sanjay Jain expects to see contribution from its data centre business growing with the acquisition it announced earlier in the quarter."We have recently entered in an agreement with HGC. This business is shaping up and we expect to see contribution from this agreement in our business coming by end of fourth quarter of this financial year," Jain said.

During this quarter, the company acquired Data Center facility in Bangalore through its wholly-owned subsidiary for Rs 230 crore.On the revival in fibre business, Sanjay Jain said, "We have seen increase in input orders on fibres. The input orders on fibres were up by 40 per cent in this quarter."