India's Redington posts higher quarterly profit on strong cloud demand

The Chennai, Tamil Nadu-based company reported a profit before exceptional items and tax of 5.22 billion rupees ($61.14 million) for the fourth-quarter ended March 31, compared to 3.81 billion rupees last year. Redington primarily generates revenue from the sale of smartphones, computers, and other hardware products. Redington's revenue from operations rose nearly 18% to 264.40 billion rupees, driven by deeper penetration in the South Asian markets and expansion in African markets.

Raccontata dafinance.yahoo.com