Redington Limited (REDINGTON) Earnings Call Transcripts

Redington Limited's Latest Earnings Call - June 17, 2026

In the fiscal year 2026, Redington Limited reported a significant revenue growth of 29% in its Software Solutions Group (SSG), reaching $2.2 billion, which now constitutes 17% of the company's overall revenue. Management projects that SSG will exceed $5 billion in revenue over the next three years, with a gross margin target of 5.5% to 6%. The company emphasized its strategic shift towards higher recurring revenue, which increased to 74% of total revenue, and plans to further enhance this to 85% in the coming years. Management maintained a positive outlook, indicating strong growth potential driven by cloud, software, and security services.

Reported metrics

Guidance from management

Management expects SSG to exceed $5 billion in revenue by FY '28, with a gross margin target of 5.5% to 6%. They aim to increase recurring revenue to 85% over the next three years.

What management said

Thank you, sir. We move on to Hari. He is an accomplished leader with 3 decades of experience in sales, marketing and general management. This carrier has been defined by a commitment to innovation and passion for driving growth in diverse markets. As a group CEO of Redington, he is poised to lead with passion and foresight, driving transformation across newer markets in the fastest-growing economies. Over to you, Ha...

Thank you, we'll move to Sayantan next. Sayantan is our Global Head of SSG. He shall be diving more into the business dynamics in this session. Just to brief on him, Sayantan is the President and Global Head of SSG Business Unit, scaling software led distribution across our regions with a strong focus on software, cloud and security. He brings over 2 decades of experience in scaling value side of technology distribut...

What analysts pressed on

Analysts expressed concerns about the transition from a hardware-focused model to a software and services-oriented approach. They questioned the sustainability of margins and the ability to maintain high renewal rates in a competitive landscape.

Main topics on the call

• Revenue Growth in SSG — SSG grew by 29% year-over-year, reaching $2.2 billion, contributing 17% to overall revenue. Management stated, "Our expectation, internal expectation in the next 3 years, we should be more than doubling our revenue in th...
• Recurring Revenue Increase — Recurring revenue rose to 74% of total revenue, up from 69% last year, with expectations to reach 85% in three years. Management highlighted, "We expect this trend to keep going up."
• Professional Services Focus — Management emphasized the importance of professional services in driving customer adoption and renewals, stating that services are not just revenue add-ons but crucial for customer success. "SSG's emphasis on services is...
• Market Position and Growth Strategy — Redington is positioned as a top 10 global distributor, with a focus on software and cloud solutions. Management noted, "We are on this slide, if you see there's only one distributor that will be faster than us in terms ...

Read the full Redington Limited transcript (June 17, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Redington Limited earnings call transcripts on record, spanning February 6, 2020 to July 30, 2026. Based on this history, Redington Limited reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

REDINGTON

Exchange

NSEI

Country

IN

Sector

Information Technology

Industry

Electronic Equipment, Instruments and Components

Calls on record

27

First call

February 6, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly