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Sify Q3-FY13: eLearning & Portals Revenue Down To Rs 19.2 Crore

Sify Technologies, the NASDAQ listed Indian Internet and IT firm, reported that for the quarter ended 31st December 2012, its eLearning business grew 20% quarter on quarter. On the portal front, Sify.com reported a 45% growth in new visitors year-on-year during the quarter. Sify launched a Sify Scores widget, with information on Cricket scores, during the quarter. The companys Android application for the bullion market saw over 30% increase Q on Q in new signups, it claimed.

Sify’s eLearning and Portals business is now under the Software Services segment – an indication that the company is no longer a consumer business. The Software Services segment reported revenues of Rs 19.2 crore for the quarter, down from Rs 21.4 crore reported for the same quarter the previous fiscal, and up from Rs 17.8 crore the previous quarter. The revenue from the Software Services segment is less than 1/10th of the revenue from its Enterprise business.

Sify reported a loss of Rs 5.6 crore for the period on total revenues of Rs 222.2 crore. Some notes from its non-Software Services (i.e., Network Services and IT services business):

– Revenue of Network services has grown 10% over last quarter; Wholesale Voice grew by 20% over last quarter; Data business grew 17% year on year.
– Sify claims its network now reaches over 1000 cities and towns in India, and that it has won new large accounts from PSUs and BFSI, as well as a large order for IP Transit from one of India’s largest broadband service providers
– Revenue for Hosting Business has grown 4% over last quarter and 22% over the same quarter last year.
– Sify says it won multi-year Hosting contracts from System Integrators, a large multi-year Hosting Service Contract from a Top Indian Software Major, and set up Strategic alliances with major system integrators to bundle Sify’s hosting services with their offerings.
– Sify launched Disaster Recovery (DR)-as-a-Service and Business Continuity Management on the Cloud platform.

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

Press Release | Financials

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