Sify Technologies Limited has announced its consolidated results for the second quarter of fiscal year 2011-12.
Performance Highlights:
? Revenues for the quarter ended September 30, 2011 was $37.10 million.
? Revenue from enterprise services grew by 7.5 per cent and from software services by 22 per cent over the corresponding quarter previous year.
? EBITDA for the quarter increased to US $ 3.33 million, as compared to US $ 1.10 million in the corresponding quarter previous year.
? Net loss before tax for the quarter reduced to US $1.39 million, as against a net loss of US $ 2.74 million in the corresponding quarter previous year.
? Capex during the quarter was US $ 4.60 million. Cash balance at the end of the quarter was US $ 20 million and undrawn line of credit stood at US $ 3 million
BUSINESS HIGHLIGHTS: Enterprise business
Network services
? Network services registered a growth of 18 per cent over last quarter in spite of strong pricing pressure
? The international voice business remains strong, with ILD voice registering about 704.5 million minutes for the quarter.
? The launch of our audio conferencing services has enriched our suite of voice service offerings to our enterprise customers
IT Services
? The hosting business registered a 77 per cent growth over previous quarter.
? Our cloud services has grown by 100 per cent over same quarter last year
? IT security has grown by approximately 99 per cent over previous quarter.
Commercial & Consumer services
The company?s SOHO/SMB signups have grown over 60 per cent, with more than 55 per cent of new sign ups coming from Tier II and III towns.
Continuing the month-on-month growth since the re-launch of the Sify My-Life outlets, the company?s retail presence now extends to approximately 2,000 locations.
Launch of several initiatives including health and technology channels has resulted in Sify.com registering a year-on-year growth of 19 per cent, with unique or first time visitors totalling 3.02 million.
Sify Software services
Enterprise applications services grew by 14 per cent over the previous quarter and 53 per cent over the same quarter last year.
The eLearning business showed quarter on quarter growth, aided by new client wins as well as growth in existing customer accounts.
iTest grew by 58 per cent over the previous quarter. Our development pipeline includes an i-Test platform for the BPO and government segment and version 11.0 for SLEMS for our messaging offerings.
