APN News

  • Thursday, May, 2022| Today's Market | Current Time: 02:00:56
  • Sify reports revenues of INR 2698 million for Q3 of FY 2013-14

    Published on January 21, 2014

    Chennai : Sify Technologies Limited  , a leader in Managed Enterprise, Network, IT and Software services in India with global sifycorplogodelivery capabilities, today announcedits consolidated results under International Financial Reporting Standards (IFRS) for the third quarter of fiscal year 2013-14.

    Mr. Raju Vegesna, Chairman and Managing Director, said, “Customers continue to appreciate our maturing portfolio of services and the expertise of our technical team, demonstrated through consistent renewal and expansion of their services with us.  We have been able to grow consistently in spite of the trying economic environment, and against stronger competition. This is an endorsement of our strategy to move from being another service-provider to becoming a partner-of-choice, and also reflects the trend of clients consolidating their services with fewer service providers who can provide a wider gamut of services.

    Weare seeing a trend of smaller enterprises willing to invest in new technologies. In such a scenario, our flexible solutions portfolio and accumulated knowledge base will be an asset as these companies seek to achieve the best ROI in the quickest possible time.”

    Mr. Kamal Nath, CEO, said, “We are increasingly engaging ourselves with clients around their Infrastructure transformation projects aimed towards attaining agility, convergence and cost benefit. This is resulting in an increasing number of multi-services and multi-year contracts for us.

    We have a larger footprint of the Data Centre space now. Above it, we are creating flexible, Opexbased service models in various towers of Data Centre infrastructure clubbed with our Cloud services. This provides the client a wider choice while choosing Sify as their Data Centre partner. With this, we are able to position ourselves better as Data Centre transformation partners, particularly with small and medium enterprise clients.”

    Mr. M P Vijay Kumar, CFO, said, “Our practise of investing in infrastructure which is tightly-linked to demand has helped us monetise our infrastructure assets on hand, with asset utilization on an improving trend over the past 3 years.

    That said, there are costs recognized this quarter associated with the implementation of a large network integration project and the commissioning of our new Data Center at Noida. Our focus is now on ensuring that these costs start bearing results quickly.

    Cash balance at the end of the quarter was INR 1304 million.”

    sify financial result

    Business Highlights

    Telecom Services

    • Telecom business grew by 96% over same quarter last year.
    • The business has retained one of its most loyal customers for a further period of 7 years. This new contract comprises a significant enlargement of the scope, with network expansion, higher SLA’s, implementation of WAN optimisation and a comprehensive security management framework.
    • We havealso won a large contract to rollout a MPLS network to support the smart-grid initiatives of a state wide power distribution company. This is the fourth such win in this segment in the last 12 months.
    • A long term engagement with one of India’s leading mobility service providers for their traffic from India to Europe and further, will help us monetise our cable landing station.
    • International Voice showed marginal growth in the face of falling industry margins.

    Data Center Services

    • All our existing four DCs are running at close to 100% capacity.
    • Thebusiness added a new ‘Green’ facility at Noida, Delhi certified by The Uptime Institute.
    • Thisnew facility at Noida has already secured a contract from a leading English daily and an emerging nationalised bank.
    • We have also won significant contracts for renewals from the banking, telecom and NBFC sectors.
    • In a significant endorsement, SAP certified Sify as Hosting Services Partner.
    • The Noida DC also won a major industry acknowledgment for infrastructure Design and Build.

    Cloud and Managed Services

    • This business has picked up a number of substantial orders in this quarter.
    • One of the largest Online Payment players in India has signed on to utilise our services.
    • This quarter, we have made a successful inroad into the gaming industry vertical.
    • We have acquired a Cloud Services contract from one of the world’s largest FMCG Company.
    • We have also signed a partnership with a world leader in Content delivery to provide Content and Security Services on our Cloud platform.


    Application Services

    • A single large multi-year application development and maintenance contract from a State government department contributed to a substantial growth this quarter.
    • Additionally, the business also added a large e-procurement system implementation contract outside of India.
    • One of India’s leading battery manufacturer has signed up for Sify’s Dealer Management System.
    • The eLearningbusiness forayed into the Consulting space with a significant contract from a World body and another for game based content from an auto major.

    Technology Integration Services

    • The Technology Integration business grew by 13% over the same quarter last year.
    • The business won large orders from a State government department, two banking majors, a defence establishment and one of India’s largest insurers.
    • Other wins were a Government of India petro-chemical refinery, a leading mobile value addition player and another for building of Data Center for a private IT educationplayer.
    • The business has signed up major partnerships with a global leaders in performance optimisation and storage space to promote their solutions.

     

    SEE COMMENTS

    Leave a Reply