Sify Technologies, the NASDAQ listed Indian Internet and IT firm, reported total revenues of Rs 205.9 crore for the quarter ended September 30th 2012, up 13% from Rs 181.5 crore from the same quarter last year. The company's EBITDA for the quarter stood at Rs 16.1 crore, up from Rs 13.6 crore for the same quarter last year. Sify recorded a net profit of Rs 61.2 crore for the quarter, as against a net loss of Rs 8.9 crore in the same quarter last year. This profit includes a one time profit of Rs 65.8 crore generated on the company's exit from MF Global Sify Securities in August 2012. Without this one-time profit, the company had registered a net loss of Rs 4.5 crore for the quarter. Out of all the business segments, the major chunk of revenue continues to come from the Enterprise segment, which accounted for Rs 188.2 crore of the company's revenues, up 16.7% from Rs 161.3 crore in the same quarter last year. On the other hand, revenues from its software segment stood at Rs 17.7 crore revenue, down 12.4% from Rs 20.2 crore in the same quarter last year. Highlights - During the quarter, Sify launched a Social reader for Facebook and introduced new channels to its portal including Sify Skills and Sify Gold & Silver Line. The company mentions that Sify.com grew by 34% year-on-year (YoY), citing comScore metrics. - Sify's Software services reported a 22% growth over the previous quarter, driven by Enterprise application services which grew by…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...