Sify Reports Revenues of INR 2,628 Million for Q1 of FY 2013-14

Chennai, Tamil Nadu, India, Thursday, July 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 first quarter of fiscal year
2013-14.  
PERFORMANCE HIGHLIGHTS: 
-- Revenue for the quarter ended June 30, 2013 was INR 2,628 million an increase
of 13% versus the previous quarter, and an increase of 33% over the same period
last year 
-- EBITDA for the quarter was INR 465 million, an increase of 104% versus the
previous quarter, and an increase of 151% over the same period last year 
-- Net Profit for the quarter was INR 163 million as against a net loss of INR
16 million for the previous quarter 
-- CAPEX during the quarter was INR 176 million. Cash balance at the end of the
quarter was INR 1,085 million 
Mr. Raju Vegesna, Chairman and Managing Director, said, “This quarter has been
our strongest quarter to date since we embarked on the new strategic direction
we have set for ourselves.  
On the infrastructure front, we have consistently built capacity ahead of
customer demand. Our investments in Network and Data Centers, is gaining
increasing interest and improved utilization. We are seeing traction around our
Cloud business and our investments in submarine cables have enabled Sify to
compete for new business opportunities. With the market in consolidation mode,
we are also reaping the benefits of clients choosing Sify for our consistent and
predictable performance.”  
Mr. Kamal Nath, CEO, said, “This quarter's result is a clear reflection of
Sify 3.0 led strategy and execution plan which were laid down three quarters
back. There is a significant growth in multi-tower engagement with existing and
new customers, average deal size and revenue from existing customer base.
Revenue, Net Profit, and Order Booking have been the highest for a quarter till
date. 
The highlight of the quarter is the winning of a multi-services,
multi-technology integration project across more than 3500 locations from one of
India's largest Non-Banking Financial Company.”  
Mr. M P Vijay Kumar, CFO, said, “With the opening of the first phase of our
Noida Data Center, monetizing of one of our largest investments can now begin.  
With the continuing challenging market conditions, and our available capacity
from our investments in past years, we plan to closely monitor the emerging
opportunities and time our capital requirements and expansion accordingly. While
we don't anticipate a near-term improvement in the market conditions, the fiscal
discipline established over the past years and the general market consolidation
places us in a strong position to deliver consistent financial results. The
continued year-on-year improvement in our financial performance, and the strong
results this quarter, are indicative of the consistent and focused strategy on
the leadership side.  
Please note that we have provided revenue and operating details based on our new
5 Business Unit structure, starting with this quarter. We will follow this same
structure for our financial reporting in the forthcoming quarters.  
Cash balance at the end of the quarter was INR 1,085 million.” 
FINANCIAL HIGHLIGHTS 
BUSINESS HIGHLIGHTS: 
Telecom business 
-- Domestic Data Services grew by 29% over same quarter last year 
-- Wholesale Voice Services grew by 34% over same quarter last year 
-- Sify's focus on Emerging Enterprise is beginning to show good results in
Orders and Revenue 
-- International Data Services grew by 75% over the same quarter last year  
Data Center business 
-- The business added additional capacity by way of a 10 Megawatt Tier III Data
Center facility at Noida, near Delhi. This Data Center has received design
certification by the Uptime institute, and the first phase is now open to
business 
-- Six new customers were signed up this quarter, one of them being a prominent
public sector bank 
-- One of the largest international Telco players has expanded and consolidated
their business with us in a new multi-year contract 
-- A major Indian bank consolidated their Near-DR business into a large
multi-year DC & DR contract 
Cloud and Managed services 
-- Cloud and Managed Services has grown 62% over same quarter last year 
-- Among the 9 new clients added this quarter are an international health
conglomerate, a pharma major and the integrated civic transportation authority
of India's most populous state 
Applications services 
-- Domestic Applications business, excluding portals grew by 60% from the same
quarter last year  
-- The web application business won a significant contract from a division of
one of the world's largest employers 
-- They also won two large corporate clients in the Sales and Distribution
vertical 
-- Four new clients were signed up for Talent Management this quarter 
-- New eLearning contracts include a global pharma major in the US and a
chemical manufacturing company in the Middle East 
-- Sify.com registered a YoY growth of 42% vis-à-vis same time last year and
continues to be one of the largest horizontal portals in India 
-- Sify Finance continues to be the 3rd top destination for financial
information and has grown over 400% since last year 
Technology Integration services 
-- Technology Integration Business grew by over 200% over the same quarter last
year 
-- This business brought in the largest deal for the quarter, signing up one of
India's largest Non-Bank Financial Companies (NBFC) in a multi-crore, multi-year
deal as their strategic IT services partner 
-- 24 new clients have been signed up by the business in this quarter 
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 1100 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 Centre 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, Sify.com and
Samachar.com. 
For more information about Sify, visit www.sifycorp.com. 
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 www.sec.gov, and Sify's other reports
filed with the SEC.  
To view the Financial Highlights, please click on the link given below: 
Financial Highlights 
Media contact details 
Mr. Praveen Krishna, Investor Relations & Corporate Communications,
Sify Limited,
+91 (44) 22540777 (extn.2055),
praveen.krishna@sifycorp.com 
Ms. Trúc Nguyen,
Grayling Investor Relations,
+1-646-284-9400 (ext. 418),
truc.nguyen@grayling.com 
Mr. Christopher Chu,
Grayling Investor Relations,
+1-646-284-9400 (ext. 426),
christopher.chu@grayling.com 
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-0- Jul/19/2013 05:14 GMT
 
 
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