PUNE, India, April 29, 2021 /PRNewswire/ — STL (NSE: STLTECH), an industry-leading integrator of digital networks, today announced the consolidated financial results for its fourth quarter and financial year ending March 31, 2021. The company reported Rs. 4,825 crore in revenue and an order book of over Rs. 10,700 crore, backed by large global deals.
FY21- Beginning of the next decade of digital network creation
2020 witnessed telcos committing billions of dollars towards strengthening digital networks. The need for high bandwidth and low latency added impetus to 5G and FTTx plans. This accelerated the shift towards Open Networking with multiple global trials for Open RAN. 2021 is set to usher in the decade of network creation; with 5G, FTTx and O-RAN at the centre stage. These mega trends are expected to boost the optical demand, early signs of which are already visible.
STL built capabilities and won global deals
As investments in digital networks accelerated in 2020, STL continued to perform and grow by delivering robust optical, system integration and virtualised access solutions. Fuelled by global expansion and new product launches, STL enhanced its addressable market to $40bn.
In Q4 FY’21, STL demonstrated sequential QoQ revenue growth, while strengthening its core optical solutions and expanding its wireless footprint.
Some key highlights:
Won marquee deals – STL won multi-year, multi-million global deals, such as: A three-year strategic collaboration with Openreach to provide millions of kms of optical fibre cable to help connect UK with a full-fibre network ~$100Mndeals in the MEA region – for building future-ready digital networks Partnership with Airtel to build optical network across 10 circlesExhibited strong growth in OFC volume and Optical Interconnect business – STL grew its OFC volume by more than 35% in FY’21. Optotec’s interconnect products are now integrated into its Opticonn solutionGrew Patent portfolio by 105%- With 191 filings in FY’21, STL’s global patents reached 569, also adding the first 5G patent Developed 5G and Open source products – STL developed hardware plus software offerings including Garuda indoor small cells and 5G radios and tested programmable FTTx with a large Asian telco Delivered exponentially despite the pandemic –