Tata Communications launches SCDx; stock soars nearly 5 per cent

On Tuesday, Tata Communications announced that it has launched a secure connected digital experience (SCDx) platform for enterprises to help them rebuild and adapt their organisations to the changing times, caused due to the COVID-19 pandemic.

Soon after the announcement, the stock of Tata Communications zoomed by nearly 5 per cent on BSE.

As part of Tata Communications Secure Connected Digital Workplace offering, a range of services will be provided to the enterprises so as to ensure secure and high-performance. Its highlight is zero-trust network access (ZTNA), which is provided through its partnership with NetFoundry (a subsidiary of Tata Communications).

At a time when companies are seeking solutions that can enable employees to access documents and apps securely and with an enterprise-grade experience, even on their home broadband connection, the zero-trust solution provides employees secure access to applications and data in the cloud, regardless of location, device or broadband connectivity, with 3-10X performance acceleration.

Recently, the company announced an increase of 5.62 per cent YoY, in the net sales for Q1FY21 to be Rs 4,402.94 crore on a consolidated basis. For Q1FY21, Tata Communications gained a consolidated net profit of Rs 258.58 crore, rising significantly when compared to the consolidated net profit of Rs 74.86 crore gained in Q1FY19.

On Tuesday, the stock of the company was trading at Rs 835, up by 4.67 per cent or Rs 37.25 per share. The 52-week high is Rs 836 and the 52-week low is Rs 205.70 on BSE.