Netweb Technologies Achieves Record-Breaking Profit Growth Driven by AI Demand

Netweb Technologies reported a remarkable increase in December quarter profit, achieving Rs 73.31 crore, driven by strong demand for AI, private cloud, and high-performance computing solutions. This marks the highest-ever profit and revenue for the quarter, underscoring the company's strategic growth in high-end computing solutions.

Netweb Technologies, a high-computing solutions firm, has reported a more than twofold increase in its profit after tax for the December quarter, amounting to Rs 73.31 crore.

The company, announcing its highest-ever quarterly profit, attributed the growth to the increased demand for artificial intelligence, private cloud, and high-performance computing solutions.

Chairman and Managing Director Sanjay Lodha emphasized their successful execution of a significant strategic order worth Rs 4,503.9 million, reinforcing Netweb's position as India's premier OEM in high-end computing solutions.

(With inputs from agencies.)