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Sify Posts Net Profit, Settles Case Against Yahoo?

Nasdaq-listed Indian Internet and IT firm Sify Technologies appears to have finally settled out of court the business tort suit (case no: 1-06-CV-076671) which it filed against Yahoo in the Superior Court of California, County of Santa Clara on 18th of December 2006. Read a 2006 news report of the case details on ContentSutra. Sify's legal win or settlement has contributed $12 million to its other income but when contacted the spokesperson declined to confirm it saying, "With regard to your query regarding other income, under the terms of a confidentiality agreement, we cannot provide further comment on this matter." Details: Conference Call recording | Financials With this $12 million, the company has registered a net profit in the December 2009 quarter of $9.46 million. It had posted a net loss of $2.36 million in the previous quarter and $4.33…

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