Telecom Lead India: Sify Technologies reported revenue of
INR 7.74 billion during the year ended March 31, 2012.
Revenue from Enterprise services was at INR 6.68 billion,
up 16 percent over last year.
Revenue from software services grew approximately 11
percent over last year to INR 671 million.
Sify’s revenue from Commercial and Consumer services was
INR 390 million for the year.
Net loss for the year was down to INR 327 million as
against a net loss of INR 520 million for the previous year.
Capex during the year was INR 928 million. Cash balance
at the end of the year was INR 893 million.
It gives me pleasure to report on our performance for
the last financial year. As a company, we are reaching a crucial phase in
implementing our strategy. Our profitability continues to improve, and we are
seeing a strong funnel and order book, exiting from Q4 of 2011-12, which has
given us the confidence to make further investments to expand our capacity in
FY2012-13,” said Raju Vegesna, chairman & MD, Sify Technologies.
Sify Technologies will have a unified customer-facing
sales team that will handle all products or services from brand Sify.
Sify will continue to invest in managed services
portfolio. This will be supported by the organic expansion of its network and
the commissioning of two of data centers at Mumbai and Delhi this financial
year.
Sify is continually investing in expanding capacity and
increasing presence in Tier II and III cities, as well as expanding fiber
access in Tier I cities. Its capacity utilization is gradually reaching
critical levels with data centers near full capacity and network assets showing
higher asset productivity.
Recently, Sify exited from financial services affiliate,
MFG Sify.
Its promoters have infused fresh capital of INR 500
million to support new investments in the last quarter of 2011-12, making it a
cumulative INR 2.5 billion thus far.
