Reliance Globalcom, part of the Anil Ambani-owned Reliance Communications, Monday said its revenues for the quarter ended March 31, 2009 increased 23 percent to Rs.1,880.3 crore ($391 million).

The company had posted Rs.1,525.7 crore in revenue during the January-March quarter last year.

"A clear trend has emerged among global organisations looking to secure savings in their network management, and this is reflected in the positive financial results of Reliance Communications," Reliance Globalcom president Punit Garg said in a statement.