[April 23, 2013] Sify Posts Revenues for Fiscal Year 2012-13 Tweet Apr 23, 2013 (Close-Up Media via COMTEX) -- Sify Technologies Limited, a company focusing on Managed Network, IT and Application services in India with global delivery capabilities, announced its consolidated results under International Financial Reporting Standards (IFRS) for the fiscal year 2012-13. In a release on April 18, the Company noted that performance highlights include: -Revenue for the year ended March 31, was INR 8570 million as against revenue of INR 7698 million last year, up 11.3 percent over last year. -EBITDA for the FY 2012-13 was INR 802 million, as compared to INR 490 million in the previous year, an increase of 63.6 percent. -Net Profit for the year was INR 477 million as against a net loss of INR 385 million for the previous year; the net profit for the year included a one-time gain of INR 658 million from sale of stake in associate company. -Capex during the year was INR 1846 million. Cash balance at the end of the year was INR 999 million. Raju Vegesna, Chairman, said, "As a company we have invested in a robust network with sufficient capacity for our growing connectivity business. We also remain one of the only network service providers which is also a leading provider of Data Center and IT Services. Clients are recognising the benefits of these core capabilities, along with our Solutions and Services focus, strengthening our ability to deliver end-to-end ICT solutions. The benefits of this approach can be seen in an increasing number of large orders, many of which are now in an advanced stage of implementation." "Over the past year, we have begun packaging many of our solutions and services into flexible and scalable modules. We are now able to implement projects quickly, scale them efficiently and cross-pollinate them with solutions from other service providers, while giving clients cost-effective solutions." "Our USPs have always been agility and flexibility. In the coming years, we will continue to strengthen our portfolio of services to help Enterprises reach markets quicker at the most economical prices." Kamal Nath, CEO, said, "Sify is fast emerging as a Service Provider with skill-sets of a Systems Integrator who can design and deliver multi-tower IT & Telecom projects in various commercial models. This is going to be our unique positioning and identity going forward. Having established a strong brand name in the Network Services space, we are aggressively focusing on Data Center & Disaster Recovery Solutions both on a Public & Private Cloud model. Whenever a client moves to our Data Center facility, Sify would deliver the complete IT Infrastructure, Telecom Infrastructure and Managed IT Services at a significantly lower cost by virtue of tools and automation driven shared services model. Our new Data Center facilities are aimed towards providing our customers flexible and cost effective hosted IT solutions across multiple cities. This is a win-win situation as it is resulting into increased wallet share of customers IT spend while we are lowering the TCO for them." M P Vijay Kumar, CFO, said, "Over the last year, our adherence to strict supervision of our expenditure has contributed to steadily improving financial results. At the same time, we continue to make investments in solid infrastructure needed to grow our business and leverage economies of scale. As a result, we remain in good fiscal health amidst continuing market uncertainties. An early market revival should see us reaping the benefits of our fiscal discipline and market strategies. "Cash balance at the end of the year was INR 999 million." Business highlights: Enterprise business Network services -Revenue from Data services is up 21 percent over last year; in Q4 growth was 25 percent over same quarter last year. -Revenue from Voice business has grown 27 percent over previous year. Sify is now carrying more than 3.6 billion minutes annually. -Wireless access links have increased by 40 percent over last year. -Overall Internet business grew by 50 percent over last year. -The Carrier business registered a growth of 22 percent growth in revenues over last year. -Sify established itself as a significant IP transit provider by successfully winning a large contract from a Public Sector Undertaking. -The business won a significant contract for 2500 connects from an NBFC client. In addition, existing clients have extended their engagement with us, with some of them nominating us as "Preferred Partner." -The business has enrolled 1200 new customers across the year. -Sify launched a high definition cloud-based Video Conferencing Solution in association with Vidyo, named by the World Economic Forum as 2013 "Tech Pioneer." IT Services -This year, we added a World class Tier III Data Center facility at NOIDA to augment our capacity. This Data Center is certified Tier III by Uptime institute. -The Data Center business has tied up new partnerships with two Indian MNC IT majors. -Our Cloud business saw the maximum traction with a growth of more than 50 percent in revenue over last fiscal. -The business has added 26 large Enterprise customers and more than 60 SME projects. -Our Cloud portfolio has been strengthened by our partnership with InMage, a recognised world leader in the field of Disaster Recovery. -Multiple variants of our DR solutions on Cloud have been delivered to more than 10 large enterprise customers. -We have become India's first vCloud powered service provider and also joined HP Cloud Agile Partnership Program. -We have also bagged a new government project for an Online Housing Project for India's most populous state. -One of India's leading Healthcare service providers has entrusted a complete IT transformation project to us. -Our Data Center practise is now a regular winner at industry leading forums and we are being picked as partner-of-choice by many others. Software services -The eLearning business acquired over 10 new accounts for talent management. -The Enterprise Software business has won significant web application and e-procurement deals in local urban bodies and from the different departments of state of Maharastra. -A strong focus on collections has substantially improved the receivables of the third and fourth quarters. -The Sify.com portal grew annually around 55 percent, in terms of unique visitors. -Sify Finance is among the top 3 finance portals in the category, having a growth rate of 113 percent. -We have also launched our popular Samachar app on the Apple iOS platform. More information: www.sifycorp.com ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]