This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Sify Reports Revenues Of INR 1974 Million For First Quarter Of Fiscal Year 2012-13

Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed Enterprise, Network and IT Services in India with growing global delivery capabilities, today announced its consolidated results under International Financial Reporting Standards (IFRS) for the first quarter of fiscal year 2012-13.

Performance Highlights Q 1 FY 2012-13:

  • Sify reported revenues of INR 1974 million for the quarter ended June 30, 2012 against a revenue of INR 2259 million for the corresponding quarter of the previous year. As previously reported, first quarter last year’s revenue included a one-time System Integration project of INR 486 million; adjusted revenue growth excluding this one-time project was 11% over same quarter last year.
  • EBITDA for the quarter increased to INR 179 million, as compared to INR 109 million in the corresponding quarter previous year.
  • Net loss for the quarter was INR 68 million, as against a net loss of INR 111 million in the corresponding quarter previous year.
  • Capex during the quarter was INR 230 million. Cash balance at the end of the quarter was INR 534 million.

Mr. Raju Vegesna, Chairman of the Board, CEO & MD, said, “As we present our first financial results for this year, I am glad to underscore that our service-led strategy, offering Network, IT, and Software on a service model, has continued to be an effective approach in a highly competitive market. We are now seeing higher sales, better up-selling and quicker turn-around times. Leveraging our expertise in providing mission-critical solutions to large enterprise customers, we have been able to deploy industry leading solutions on a pay-as-you-go basis that is very attractive in the Indian market. With our strong infrastructure focus on one side and our vision of delivering a complete ICT eco system, we are among the first choice of companies that are looking for affordable end-to-end IT, ITES and ICT solutions.

"Our Network services received the highest acknowledgement with a significant order from the Government. Sify is pleased to have won the confidence of key decision makers in the government in being entrusted with such large orders. With IT enablement being an integral focus of both state and national governments, we see many more opportunities to apply our services portfolio in this sector.

Stock quotes in this article: SIFY 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs