Sify’s promoters have invested $21.7 million in the business, out of a planned investment of $86 million, the company has announced. Sify reported total revenues of $38.72 million for the quarter ended December 31st 2010, EBITDA of $2.13 million, and a net loss of $2.09 million.
Consumer Business Still Struggling
Revenues: It’s consumer business is still in trouble, though – revenues from the segment were down 35.7% year on year to $2.77 million from $4.31 million for the corresponding quarter the previous year. Sify says wireless broadband gained traction, but has stopped reporting broadband connections and ARPU.
Advertising revenues for Sify were up 30%, and frankly, if ad revenues were up for Sify, then they must have been up for other significant portals as well. One should expect a good quarter from Rediff.com too.
Cybercafes: Interestingly, Sify said that the first time in years that for the first time in over 3 years, the number of cafes opting for Sify has registered a significant increase of 14%…as is obvious, that hasn’t had an impact on revenues. Sify hasn’t disclosed the number of e-ports or broadband consumers this quarter.
Internet Telephony: The company also launched Sify Talk, its VoIP services, at cybercafes and PCOs in October 2010. Previously, Sify Talk was available for Small and Medium Businesses (SMBs) and Small Office/Home Office (SOHO) businesses.
As we’d reported earlier, during the quarter, Sify tied up with Hungama Digital Media to offer coupons for purchasing music at Sify CyberCafes. Note that Sify makes no mention of the restructuring (or shutting down) of its SifyTripz business.
– UIDAI (iTest) – Sify set up test centres at various locations and tied up with e-ports, for certification of Master Trainers, Supervisors, Tech Support and Enrolment Operators for the Indian governments Unique Identification Authority of India program.
– eLearning: Sify has added three new accounts for eLearnings. Additinally, it has piloted new-technology based learning products with its local partner in the Chinese market.
– Enterprise partnership with Nokia: Sify has partnered with Nokia for Tej, a hosted mobile order management service integrated with Forum to track information from the field on-the-go.