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Q3-09: Sify Consumer Revenues Down 11%; Reports $5.03 M Loss

Q309 Sify Access Business

Hopeful voices on the Sify Technologies earnings call, but the situation continues to be bleak for the companys consumer services division: the segment reported a decline in revenue of 11% when compared with last quarter, and 27% when compared with the same quarter last year. A significant majority of Sify's $32 million in revenues comes from its enterprise division, which accounted for $23.51 million in revenues. Enterprise business grew by 13% year on year, 2% quarter on quarter. The company expects the domestic enterprise business to continue to grow, but at a reduced pace. Consumer Access Business What continues to compound Sify's problems is the continued decline in their access business: their cyber café network saw fewer active subscribers at 594,000, down 46.39% in 9 months, and the number of operations "e-ports" (as they're now calling their cybercafes), down 13.2% since the beginning of this fiscal. This is despite an expansion of e-ports to 12 new cities, and the conversion of 30 mom and pop cybercafes to e-ports. During the earnings call, the company said that they're reducing operating costs - bandwidth and manpower and support function costs. Also evaluating some verticals which are not making sense.  Sify is trying to stimulate e-port usage with 15 minute free trial packs. They're also trying to attract Indic language users for the e-ports, allowing them to send email, chat and browse in 10 Indian languages - Hindi, Punjabi, Bengali, Telugu, Tamil, Marathi, Urdu, Malayalam, Gujarati and Kannada. On the broadband front, despite a decline subscribers,…

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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