STL, an industry integrator of digital networks, has reported a 30% YoY revenue growth in its financial results for the second quarter ended September 30, 2021. STL has recorded Rs 15.08 billion in revenues with ~43% coming in from the EMEA region and ~12% from Americas, demonstrating increased global traction for its integrated digital network solutions, according to a statement.
The statement added, “The company continued to focus heavily on technology innovation, taking big steps like investing ~3.5% of its revenues in R&D and announcing a 5G R&D lab in the UK. STL further strengthened its patent portfolio in Q2 FY’22, taking the total patent count to 636. 5G wireless solutions and optical interconnect – STL’s strategic growth areas, contributed to more than 50% of IP filings in the current quarter. As a result of some path breaking innovations on the software front, STL was awarded the TMForum Catalyst award for its significant contributions to the acceleration of digital transformation in the telecom industry.”
Ankit Agarwal, Managing Director, STL, said, “With our eyes on the future, we have been taking some formative steps over the past few quarters. We have elevated our global leadership team, executed strategic M&A and launched disruptive solutions for programmable, optical and wireless networks. These steps are now translating into revenue growth. With our robust optical, wireless and system integration capabilities, we are all set to deliver on the new architecture of digital networks and take the power of connectivity to billions across the globe.”
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