Sify Technologies has announced its consolidated results under international financial reporting standards for the third quarter of financial year 2013-14.
Performance highlights:
Revenue for the quarter ended Dec 31, 2013 stood at Rs 2698 million, a 21 per cent increase over the same quarter last year.
EBITDA for the quarter was Rs 413 million, an over 100 per cent over the same quarter last year.
Net Profit for the quarter stood at Rs 63 million, compared to a net loss of Rs 56 million for the same quarter last year.
CAPEX during the quarter was Rs 400 million, while cash balance at the end of the quarter was Rs 1,304 million.
Business highlights
The company?s telecom business registered a 96 per cent increase over same quarter last year.
The company won a large contract to rollout a MPLS network to support the smart-grid initiatives of a state wide power distribution company.
Sify signed a long-term engagement with one of the country’s mobility service providers for their traffic from India to Europe and further, will help us monetise our cable landing station.
International Voice showed marginal growth in the face of falling industry margins.
The company’s existing four DCs are running at close to 100 per cent capacity.
The business added a new ?Green? facility at Noida, Delhi certified by The Uptime Institute.
The company also won significant contracts for renewals from the banking, telecom and NBFC sectors.
SAP certified Sify as Hosting Services Partner.
his quarter, the company won contracts in gaming industry vertical as well.
Sify acquired a Cloud Services contract from a global FMCG company.
A single large multi-year application development and maintenance contract from a State government department contributed to a substantial growth this quarter.
Additionally, the business also added an overseas e-procurement system implementation contract
The technology integration business grew by 13 per cent over the same quarter last year.
Other wins were a Government of India petro-chemical refinery, a leading mobile value addition player and another for building of Data Centre for a private IT education player.
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