Redington has said its revenue from operations increased by nearly 14 percent to 267.16 billion rupees for the October-December quarter.
The surge in revenue of Redington reflects a 9 percent growth in its mobile phone business and a 6 percent rise in its consumer and commercial computer distribution segment. Additionally, its technology solutions group reported a 28 percent increase in revenue, fueled by higher software spending.
The growth comes as artificial intelligence-powered computers gain traction in corporate and educational sectors, while new smartphone launches continue to support manufacturers and distributors amid inflation-driven fluctuations in consumer demand.
Redington has posted an 18 percent increase in quarterly profit, driven by steady demand for computers and mobile phones, which constitute its largest business segments.
As a key distributor of Apple and Samsung products, Redington saw its profit rise to 4 billion rupees ($45.8 million) for the October-December quarter, compared to 3.41 billion rupees in the same period last year.
In a strategic move to reduce reliance on hardware distribution, Redington has been expanding into new markets and focusing more on cloud services. This shift is aimed at diversifying its revenue streams beyond gadget distribution, which still constitutes a major portion of its business.
InfotechLead.com News Desk
