wordpress blog stats
Connect with us

Hi, what are you looking for?

, ,

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

Advertisement. Scroll to continue reading.

Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ