Redington India Observes Strong Double-Digit Growth in Q4 & FY’22: Report

Redington India has released its financial results for the fiscal quarter ending March 31, 2022 (Q4 FY’22) and the entire fiscal year FY’22. The company reported good performance across all business sectors, with total sales increase of 12 percent year on year during the quarter. Redington has achieved a significant milestone by exceeding Rs. 62,000 crores in revenue for the fiscal year FY’22. PAT growth has been high this year, at 69 percent, with the company producing Rs. 989 crores in cash flow from operations.

Continuous demand for technological products, solutions, and services that allow digital transformation, hybrid work, modernization of IT, data center and apps, automation, data analytics, cybersecurity, and cloud has pushed the company’s growth. While the company has seen growth and excellent momentum across all of its core business categories, Redington’s growth in its strategic Cloud portfolio strategy has been much greater than the industry average.

Driven by its aim to democratize cloud-based technologies in India, Redington has launched CloudQuarks, a flexible Digital platform with self service capabilities that enables seamless onboarding of Cloud Products and Services of choice for all partners and customers. The company is also simplifying procurement and adoption of various emerging technologies in the field of additive manufacturing (3D Printing) and sustainable solar energy.

Rajiv Srivastava, Managing Director, Redington, said, “FY22 has been an immensely satisfying year for us in terms of broad-based business growth. As the journey towards digitalization accelerates, we have been focused on bringing innovations faster to market, bridging the digital divide for individuals and organizations. Our trust-based relationships with vendors and partners are a key enabler in our growth fueled by new age technologies and cloud based adoptions.”

As digital transformation gained center stage, Redington, as a market leader, collaborated closely with vendors, hyperscalers, and channel partners to ensure the smooth availability of cutting-edge technology solutions and services. These technologies are in the fields of Artificial Intelligence, Augmented and Virtual Reality, 5G-based devices and apps, Software Defined Borderless Networks, Smart Analytics, Blockchain, and Sustainability. In FY’23, the firm will continue to focus on improving its digital and platform capabilities in order to improve the customer, vendor, and partner experience.

“The world is getting technologically upgraded faster than ever before and that clearly plays to our strengths,” added Srivastava.