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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 million in the December 2008 quarter. Revving Up Consumer Biz This Year, Unified Approach Planned Until now, we had not understood why Sify was holding onto its decaying consumer business - cyber cafes (ePorts), home broadband and Sify.com - but the company has now announced that it will step up investments in its consumer business and is in the final stages of preparation for a unified strategy for consumer services with test launches scheduled for the near future.  The unified approach will see value added services being offered across cyber cafes, home broadband customers and Sify.com users. Applications have been identified across utility bill payments, learning and education, ticketing, shopping,…

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