Your company has been able to successfully navigate numerous headwinds critical to our business success viz. semiconductor shortages, overall supply chain disruptions, and significant increase in logistic freight costs. These headwinds contributed to price increases, but we continue to manage and overcome these obstacles. Although some of these challenges will continue in the short-term including higher cost of manpower, we remain cautiously optimistic to be able to drive future growth.

The acquisition of Black Box Corporation has helped us extend ourselves and serve our global customer base in more ways than one. Our extended capabilities and skillsets, enhanced products, solutions, and services portfolio, and presence across 35+ countries have strengthened our ability and commitment to partner with our customers to design, deliver and manage their growing digital infrastructure needs.

Given the current economic environment, enterprises are making significant investments in technology infrastructure to stay ahead of the curve, and we remain optimistic about our Cyber Security, Cloud and Data Center business.

This year we completed the acquisition of Dragonfly Technologies Pty Ltd – a provider of solutions/services across Security, Enterprise Networking, Automation, and Consulting Services. The intention is to strengthen our presence in Australia and add to our Cyber Security capabilities and portfolio to provide customers with a wide range of services. It will also provide us an opportunity for cross- selling to our existing global customers.

We will continue to focus on economics-driven inorganic strategies. Organic growth would focus primarily on talent acquisitions, addressing more cross-selling opportunities, and growing Cyber Security, and Cloud business by investing in both technical skills and sales. Further, we plan to expand into some of the markets with high potential, such as Brazil in Latin America, APAC, and others.

“Think Global, Act Local” is the mantra that creates a differentiator for us. We will continue to remain closer to our customers where the relationship exists. At the same time, use the global talent framework to implement the best practices, best processes, and best cost models.

We are eager to take forward the re-imagined brand promise across each market with the same zeal and dedication. The impact of the COVID-19 pandemic and other related factors on our suppliers, including disruptions and inefficiencies in the supply chain may impact the Company in short term but our foundations are strong to capitalize on the opportunities ahead of us.

This is the right time for our company to move forward with the mantra, ‘One Name, One Brand, One Language’!

Thank you for your support and guidance.

Warm Regards,
Sanjeev Verma