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TheStreet Open House

Sify Reports Revenues Of INR 1.80 Billion For Third Quarter Of Fiscal Year 2011-12

“Our investments in EIG and our Cable Landing Station in Mumbai should see cash generation soon.

“Our inclusion into the NASDAQ Global Select Markets is a significant endorsement of our corporate practises.”

 

FINANCIAL HIGHLIGHTS

 
Unaudited Consolidated income statement as per IFRS

(In INR million)

                           
Description       Quarter ended     Quarter ended     Quarter ended     Year ended
Dec Dec Sept March
        2011     2010     2011     2011
 
Enterprise 1,526 1,454 1,544 5,753
Software 182 157 176 607
Commercial and consumer 97       124       95       526  
Revenue 1,805       1,735       1,815       6,886  
 
Cost of Revenues (1,013 ) (1,077 ) (1,047 ) (4,209 )
 
Selling, General and Administrative Expenses (656 ) (565 ) (610 ) (2,442 )
                   
EBIDTA 136       93       158       235  
 
Depreciation and Amortisation expensese (172 ) (175 ) (172 ) (688 )
 
Net Finance Expenses (57 ) (61 ) (72 ) (213 )
 
Other Income 17 20 0 73
 
Share of Affiliates 3 27 13 73
                   
Profit / (loss) Before tax (73 )     (96 )     (73 )     (520 )
 
Income Taxes - - - -
                   
Profit / (loss) for the period (73 )     (96 )     (73 )     (520 )
 

BUSINESS HIGHLIGHTS:

Enterprise business

Network services

  • Network services have picked up additional business from existing clients across industries like BFSI, Pharma, Manufacturing and PSUs.
  • The International Voice business grew by 11% over same quarter previous year.
  • Our Undersea Cable Landing station (CLS) in Mumbai is ready for operations.
  • Further to signing GBI as our first client for the CLS, we have also signed MENA Submarine Cable System S.A.E to use the additional capacity in our Cable Landing Station.
  • Europe India Gateway (EIG) up to Europe has gone live.

IT Services

  • Revenue from Value added services on our cloud platform have grown by 95% and Hosting has grown by 17% over same quarter last year.
  • Hosting and Managed services have also raked up major wins with long term contracts this quarter.
  • Security services have already notched up impressive wins across industries like auto, direct marketing, insurance and banking.

Commercial & Consumer services

  • Commercial & Consumer services have registered an increase in revenue to INR 97 million against previous quarter.
  • Our SMB customer base from multiple industries including Manufacturing, Dealers, professionals and retail outlets has grown by over 78% YTD.
  • The quarter saw the release of Sify mystorage, a cloud-based automatic storage and backup solution. For more information, please log on to https://storage.sifyservices.com/
  • Sify sports ( www.sports.sify.com) is now among the top 5 sports sites in the country. Sify Finance ( www.finance.sify.com) has introduced exclusive sections on Commodities, Silver and Currency.

Software services ( http://www.sifysoftware.com/)

  • Revenue of Software services in this quarter has grown by approximately 16% over the corresponding quarter of previous year.
  • Contribution of eLearning related services has increased by 10% over the previous quarter.
  • In what is becoming a repeat act, 55% of our revenues for Application services came from Govt & allied institutions.
  • Skill Assessment (iTest) product line found new takers in the education segment. We are also seeing demand for Recruitment Automation from Govt recruitment agencies, allied bodies and banks.
  • A total of 24 new clients for application services and 4 new clients for eLearning related services have been added this quarter.
  • Maintaining a winning streak at the Annual Brandon Hall Awards, our teams have once again been feted with the Gold award for SmartKit Mobile Solution and a Silver Award for Video Based Training solution.

About Sify Technologies

Sify is among the largest Managed Enterprise, Network and IT Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 710 cities and towns in India.

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