wordpress blog stats
Connect with us

Hi, what are you looking for?

Sify Q3FY12: Consumer Business Revenues Down 21% YoY; Enterprise Up 5%

Sify Technologies, the NASDAQ listed Indian Internet and IT firm, reported total revenues of Rs 180.5 crore for the quarter ended December 31st 2011, an year on year growth of 4%. The company’s  EBITDA was at Rs 13.6 crore in contrast with Rs 9.3 crore in the corresponding quarter of the previous year. The company reported a net loss of Rs 7.3 crore against a net loss of  Rs 9.6 crore 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 Rs 152.6 crore. The segment witnessed a growth of 4.9% Year on Year. On the other hand, revenues from Commercial and consumer segment saw a decline.

Commercial & Consumer Business

Revenues: Sify’s consumer business still appears to be struggling and has reported a revenue of  Rs 9.7 crore, a YoY decrease of  21%. However, it’s slightly higher than the previous quarter. Raju Vegesna, Chairman & MD, said that most of the growth in the segment was coming from Tier II and III cities, as intended.  The company sees an opportunity in the government sector with the Central and State governments working towards digitizing existing records, building a central storage repository and increasing connectivity.

– According to the company, its SMB customer base from multiple industries including Manufacturing, Dealers, professionals and retail outlets has grown by over 78% Year To Date.

– During the quarter, Sify launched Sify mystorage, a cloud-based automatic storage and backup solution.

– The company claims that Sify Sports ( www.sports.sify.com ) is now among the top 5 sports sites in the country. Sify Finance ( www.finance.sify.com ) introduced sections on Commodities, Silver and Currency.

 Sify did not elaborate on other aspects such as cybercafes, and broadband connections.

Release

 

 

You May Also Like

News

Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...

News

Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...

News

Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...

News

Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ