Sify Reports Revenues of INR 8570 Million for Fiscal Year 2012

Chennai, Tamil Nadu, India, Thursday, April 18, 2013 -- (Business Wire India) 
Sify Technologies Limited (NASDAQ Global Markets: SIFY), a leader in Managed
Network, IT and Application services in India with growing global delivery
capabilities, today announced its consolidated results under International
Financial Reporting Standards (IFRS) for the fiscal year 2012-13. 
-- Revenue for the year ended March 31, 2013 was INR 8570 million as against
revenue of INR 7698 million last year, up 11.3% over last year 
-- EBITDA for the FY 2012-13 was INR 802 million, as compared to INR 490 million
in the previous year, an increase of 63.6%  
-- Net Profit for the year was INR 477 million as against a net loss of INR 385
million for the previous year; the net profit for the year included a one-time
gain of INR 658 million from sale of stake in associate company 
-- Capex during the year was INR 1846 million. Cash balance at the end of the
year was INR 999 million 
Mr. Raju Vegesna, Chairman, said, “As a company we have invested in a robust
network with sufficient capacity for our growing connectivity business. We also
remain one of the only network service providers which is also a leading
provider of Data Center and IT Services. Clients are recognising the benefits of
these core capabilities, along with our Solutions and Services focus,
strengthening our ability to deliver end-to-end ICT solutions. The benefits of
this approach can be seen in an increasing number of large orders, many of which
are now in an advanced stage of implementation.  
Over the past year, we have begun packaging many of our solutions and services
into flexible and scalable modules. We are now able to implement projects
quickly, scale them efficiently and cross-pollinate them with solutions from
other service providers, while giving clients cost-effective solutions.  
Our USPs have always been agility and flexibility. In the coming years, we will
continue to strengthen our portfolio of services to help Enterprises reach
markets quicker at the most economical prices.” 
Mr. Kamal Nath, CEO, said, “Sify is fast emerging as a Service Provider with
skill-sets of a Systems Integrator who can design and deliver multi-tower IT &
Telecom projects in various commercial models. This is going to be our unique
positioning and identity going forward. Having established a strong brand name
in the Network Services space, we are aggressively focusing on Data Center &
Disaster Recovery Solutions both on a Public & Private Cloud model. Whenever a
client moves to our Data Center facility, Sify would deliver the complete IT
Infrastructure, Telecom Infrastructure and Managed IT Services at a
significantly lower cost by virtue of tools and automation driven shared
services model. Our new Data Center facilities are aimed towards providing our
customers flexible and cost effective hosted IT solutions across multiple
cities. This is a win-win situation as it is resulting into increased wallet
share of customers IT spend while we are lowering the TCO for them.” 
Mr. M P Vijay Kumar, CFO, said, “Over the last year, our adherence to strict
supervision of our expenditure has contributed to steadily improving financial
results. At the same time, we continue to make investments in solid
infrastructure needed to grow our business and leverage economies of scale. As a
result, we remain in good fiscal health amidst continuing market uncertainties.
An early market revival should see us reaping the benefits of our fiscal
discipline and market strategies. 
Cash balance at the end of the year was INR 999 million” 
Enterprise business 
Network services 
-- Revenue from Data services is up 21% over last year; in Q4 growth was 25%
over same quarter last year 
-- Revenue from Voice business has grown 27% over previous year. Sify is now
carrying more than 3.6 billion minutes annually 
-- Wireless access links have increased by 40% over last year 
-- Overall Internet business grew by 50% over last year 
-- The Carrier business registered a growth of 22% growth in revenues over last
-- Sify established itself as a significant IP transit provider by successfully
winning a large contract from a Public Sector Undertaking 
-- The business won a significant contract for 2500 connects from an NBFC
client. In addition, existing clients have extended their engagement with us,
with some of them nominating us as “Preferred Partner” 
-- The business has enrolled 1200 new customers across the year 
-- Sify launched a high definition cloud-based Video Conferencing Solution in
association with Vidyo, named by the World Economic Forum as 2013 “Tech
IT Services 
-- This year, we added a World class Tier III Data Center facility at NOIDA to
augment our capacity. This Data Center is certified Tier III by Uptime institute 
-- The Data Center business has tied up new partnerships with two Indian MNC IT
-- Our Cloud business saw the maximum traction with a growth of more than 50% in
revenue over last fiscal 
-- The business has added 26 large Enterprise customers and more than 60 SME
-- Our Cloud portfolio has been strengthened by our partnership with InMage, a
recognised world leader in the field of Disaster Recovery  
-- Multiple variants of our DR solutions on Cloud have been delivered to more
than 10 large enterprise customers  
-- We have become India's first vCloud powered service provider and also joined
Hp Cloud Agile Partnership Program  
-- We have also bagged a new government project for an Online Housing Project
for India's most populous state 
-- One of India's leading Healthcare service provider has entrusted a complete
IT transformation project to us 
-- Our Data Center practise is now a regular winner at industry leading forums
and we are being picked as partner-of-choice by many others 
Software services  
-- The eLearning business acquired over 10 new accounts for talent management 
-- The Enterprise Software business has won significant web application and
e-procurement deals in local urban bodies and from the different departments of
state of Maharastra 
-- A strong focus on collections has substantially improved the receivables of
the third and fourth quarters 
-- The portal grew annually around 55%, in terms of unique visitors  
-- Sify Finance is among the top 3 finance portals in the category, having a
growth rate of 113% 
-- We have also launched our popular Samachar app on the Apple IOS platform 
About Sify Technologies 
Sify is among the largest integrated Managed Network, IT and Software services
companies in India, offering end-to-end solutions with a comprehensive range of
products delivered over a common telecom data network infrastructure reaching
more than 1000 cities and towns in India.  
A significant part of the company's revenue is derived from Corporate Enterprise
Services, which include Network and IT services, Security, Network management
services, Enterprise applications, Hosting and Remote Infrastructure Management
Services. A varied product portfolio at multiple price points allows Sify to
also cater to the burgeoning demands of the SMB/SOHO community and the retail
consumer; much of it on the cloud platform. 
Sify is a recognized ISO 9001:2008 certified service provider for network
operations, data center operations and customer support, and for provisioning of
VPNs, Internet bandwidth, VoIP solutions and integrated security solutions, and
ISO / IEC 20000 - 1:2005 and ISO/IEC 27001:2005 certified for Internet Data
Center operations. Sify has also built a credible reputation in the emerging
Cloud Computing market and is today, regarded as a domain expert. Sify has
licenses to operate NLD (National Long Distance) and ILD (International Long
Distance) services and offers VoIP backhaul to long distance subscriber
telephony services. With the Sify Cable landing station and the partnerships
inked with several cable companies globally, Sify in present in almost all the
spheres of the ICT eco system. 
The company has an expanding base of Managed Services customers, both in India
and overseas, and is also India's first enterprise managed services provider to
launch a Security Operations Center (SOC) to deliver managed security services.  
As a solutions provider, Sify Software develops applications and offers services
to improve business efficiencies of its current and prospective client bases.
Sify also offers services in the specialized domains of eLearning for-profit,
not-for-profit and government institutions both in India and globally. The
business also operates two of the most popular portals in India, and 
For more information about Sify, visit 
Forward Looking Statements 
This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking statements
contained herein are subject to risks and uncertainties that could cause actual
results to differ materially from those reflected in the forward-looking
statements. Sify undertakes no duty to update any forward-looking statements.  
For a discussion of the risks associated with Sify's business, please see the
discussion under the caption “Risk Factors” in the company's Annual Report
on Form 20-F for the year ended March 31, 2012, which has been filed with the
United States Securities and Exchange Commission and is available by accessing
the database maintained by the SEC at, and Sify's other reports
filed with the SEC.  
To view the Financial Highlights, please click on the link given below: 
Financial Highlights 
For press backgrounder on Sify Technologies Limited click here 
Media contact details 
Mr. Praveen Krishna, Investor Relations & Corporate Communications,
Sify Technologies Limited,
+91 (44) 22540777 (extn.2055), 
Ms. Trúc Nguyen,
Grayling Investor Relations,
+1-646-284-9400 (ext. 418), 
Mr. Christopher Chu,
Grayling Investor Relations,
+1-646-284-9400 (ext. 426), 
Contributed via: Bloomberg Publisher WEB Service 
Provider ID: fcf44223b68d422897a5d8cca7e46976 
-0- Apr/18/2013 13:28 GMT
Press spacebar to pause and continue. Press esc to stop.