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Sify reports revenues of Rs 4,683 million during Q1 of 2018-19

July 25, 2018

Sify has reported revenues of Rs 4,683 million for first quarter of FY 2018-19, an increase of 3 per cent over the same quarter in 2017-18. EBITDA for the quarter stood at Rs 741 million, an increase of 6 per cent over the same quarter last year. Meanwhile, the net profit for the quarter stood at Rs 201 million, an increase of 16 per cent over the same quarter last year.

Revenue from telecom centric services grew by 18 per cent over the same quarter last year. Segment-wise, revenue from data and managed services grew 27 per cent while revenue from the wholesale voice business grew by 2 per cent over the same quarter last year. The telecom centric services added 117 new customers in the quarter. Revenue from data center centric IT services fell by 14 per cent during the same quarter last year.

Segment-wise, revenue from data center services and cloud and managed services grew by 28 per cent while the revenue from technology integration services and applications integration services fell by 41 per cent due to customer specific projects under implementation. Data center centric IT services added 87 new customers in the quarter.

Capex during the quarter under consideration stood at Rs 1,001 million. Cash balance at the end of the quarter stood at Rs 1,710 million.

Commenting on the results, Raju Vegesna, chairman, stated, “We are at the point where domestic enterprises are utilising multiple services from our portfolio to navigate the Indian IT landscape. Global MNCs are also viewing us as a reliable partner to commission their India projects. The profile of our client engagements is also shifting to broader implementation across multiple services, translating into more strategic relationships.”

Kamal Nath, CEO, said, "Our sustained focus on our “Cloud@Core” service lines, along with the investments being made around this model, is adding a distinct character to our revenue, profitability and new order book. Clients are seeing the merits in our vertical-based business strategy and the flexibility to opt for either a “subscription” or a “build” model. Our positioning as a digital transformation partner, our comprehensive set of services and demonstrated speed-to-market are key differentiators that will propel our growth.”

M P Vijay Kumar, CFO, said, “Our business is supported by our continuing investment in infrastructure, tools and people to augment our growing portfolio of services. While we continue to exert greater fiscal discipline, our mix of DC and Network value added services should help broaden our revenue streams.”

 

 
 

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