Redington says software will drive growth over 3-5 years
In short
Redington said software will help drive growth over the next 3-5 years. Managing Director and Group CEO VS Hariharan said software services should improve margins over time.
The company also expects its Turkey business to break even in FY28 after restructuring. It also said demand for AI infrastructure is still strong.
What the reporting says
Redington said software will drive growth over the next 3-5 years, according to Managing Director and Group CEO VS Hariharan. He said software services should improve margins over time, while the company also expects its Turkey business to reach break-even in FY28 after restructuring. The comments point to a longer-term shift in mix and profitability, with AI infrastructure demand also described as strong.
Why it matters
Redington’s management said software services are expected to support growth over the next 3-5 years and improve margins over time. The company also guided its Turkey business to break-even in FY28 after restructuring. These comments matter for Redington’s growth profile, profitability outlook and business mix, and they also signal continued demand for AI infrastructure-related offerings.