Sify Technologies, the NASDAQ listed Indian Internet and IT firm, reported total revenues of $50.73 million for the quarter ended June 30th 2011, an year on year growth of 31%. The company's EBITDA was at $2.80 million in contrast with $0.51 million in the corresponding quarter of the previous year. The company reported a net loss of $1.91 million against a net loss of $4.05 million in the corresponding quarter last year. Out of all the business segments, the major chunk of revenue came from Enterprise, from which, the company earned close to $45 million. The segment witnessed a growth of 40% Year on Year. On the other hand, revenues from Commercial and consumer segment saw a decline. Commercial & Consumer Business Revenues: It's consumer business still appears to be struggling and has reported a revenue of $2.23 million, a YoY decrease of 30.74 %. Cybercafes: Sify's MyLife chain of retail broadband access points is nearing the 2,000 mark. Portal: Sify.com witnessed a 36% growth in visitors. Growth In User Base : Sify launched a new set of pre-paid broadband products and acquired Small Office/Home Office (SOHO) and Small and Medium Businesses (SMB) customers from multiple industries including Manufacturing, Dealers, Professionals, Cyber cafes and Retail outlets. The company registered an increase of 75% in user base over the last quarter. About 60% of the signups were from Tier 2 & Tier 3 cities As we'd reported earlier, during the quarter, Sify tied up with Hungama Digital Media to offer coupons for purchasing music at Sify…
