Sify Technologies, the NASDAQ listed Indian Internet and IT firm, reported total revenues of Rs 186.3 crore for the quarter ended March 31st 2011, an year on year growth of 9.20%. The company’s EBITDA was at Rs 14.5 crore in contrast with Rs 6.5 crore in the corresponding quarter of the previous year. The company reported a net loss of Rs 6 crore against a net loss of Rs 10.8 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 160 crore. The segment witnessed a growth of 13.17% Year on Year. On the other hand, revenues from Commercial and consumer segment saw a decline. Sify also reported annual results, clocking in revenues of Rs 774.2 crore in FY12, compared to revenues of Rs 688.6 in FY11. Its loss for the year was at Rs 32.7 crore compared to Rs 52 crore that it reported in the previous financial year. Commercial & Consumer Business Revenues: Sify’s consumer business still appears to be struggling and has reported a revenue of Rs 9.8 crore, a YoY decrease of 19.67%. However, it’s slightly higher than the previous quarter. Raju Vegesna, Chairman & MD, said that the company will continue to invest in its managed services portfolio, which will be supported by the organic expansion of network and commissioning of two state-of-the-art Data Centers at Mumbai and Delhi, this Financial Year. The company intends to continually invest in expanding capacity and…
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