Sify Technologies Limited has announced its consolidated unaudited results for the fourth quarter of fiscal year 2010-11 and annual year ending March 31, 2011.
Performance Highlights:
- Sify reported revenues of US $154.24 million for the year ended March 31, 2011, about 2.6 per cent higher than the previous year?s revenues of US $ 150.28 million.
- Growth was driven by revenues from enterprise services which grew 6.31 per cent over the previous year and the International services revenues, which were higher by 29.9 per cent.
- The consumer business model is being gradually transformed into a scalable model. The realignment of the business has resulted in revenues dropping by 37.7 per cent
- EBITDA for the year increased to US $ 6.10 million, as compared to US $ 2.93 million in the previous year.
- Net loss before tax for the year was US $ 10.47 million, as against a net loss of US $ 13.23 million in the previous year, on a comparable basis excluding extraordinary income amounting to US $12 million.
- EBITDA for the quarter was US $ 2.31 million, up from US $ 0.84 million for the same quarter in the previous year.
- Sify incurred a net loss of US $ 1.23 million in the quarter ended March 2011 compared to a net loss of US $ 3.16 million for the quarter ended March 2010.
- Capex during the year was US $ 8.85 million. Cash balance at the end of the year was US $ 6.41 million and undrawn line of credit of US $ 3.47 million
