Sify Reports Revenues of INR 2505 Million for Q2 of FY 2013-14

Chennai, Tamil Nadu, India, Wednesday, October 23, 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 second quarter of fiscal year
2013-14.  
PERFORMANCE HIGHLIGHTS: 
-- Revenue for the quarter ended Sep 30, 2013 was INR 2505 million, an increase
of 22% over same quarter last year 
-- EBITDA for the quarter was INR 424 million, an increase of 180% over the same
quarter last year 
-- Net Profit for the quarter was INR 111 million as against a net loss of INR
57 million for the same quarter previous year, excluding a one-time gain of INR
658 million from sale of associate as reported earlier 
-- CAPEX during the quarter was INR 700 million. Cash balance at the end of the
quarter was INR 1614 million 
Mr. Raju Vegesna, Chairman and Managing Director, said, “In spite of a
challenging external environment across most sectors in India, we are continuing
to see good traction for our solutions offerings. While these tight fiscal
conditions have naturally resulted in some delays in customer decisions on major
projects, we are also seeing that clients are consolidating their services with
established service providers. As a well-entrenched player across the entire ICT
ecosystem, we are better able to expand our share-of-wallet by leveraging our
broad portfolio to provide cost-effective solutions.  
The other trend that we are seeing in this market is that emerging enterprises
are beginning to adopt IT in a large way. Our wide bouquet of services, and our
ability to scale and implement them quickly, translates into greater value for
our customers.  
Our investments in capacity building will be in time with market demands. That
way, we are able to monetize our investments better and still respond to
increased customer demands resulting from consolidation.” 
Mr. Kamal Nath, CEO, said, “Our entire focus revolves around bringing the
client into the Sify environment. Given our capabilities across the entire ICT
eco-system, clients are able to fully leverage the benefit of choosing multiple
services from us, thus lowering their TCO and also giving us a larger wallet
share of their IT spends. 
Our investment in building new DC capacity at both Noida and Mumbai is
attracting strong interest from major customers seeking consolidation of
services. The services business is beginning to see growth, in particular the
Cloud and Managed services.”  
Mr. M P Vijay Kumar, CFO, said, “We have seen a consistent upward trend in
both revenue and profitability. Apart from the increased sales of our services
portfolio, the other major reason for our improved performance has been our
continued strict adherence to financial discipline. Our focus will be in
increasing revenue with existing clients through more services, while
negotiating mutually beneficial economic terms with new clients. Our investment
in infrastructure continues to be demand-driven.  
Cash balance at the end of the quarter was INR 1614 million” 
FINANCIAL HIGHLIGHTS 
BUSINESS HIGHLIGHTS: 
Telecom business 
-- Telecom services grew by 35% over same quarter last year 
-- Data Services grew by 34 % over same quarter last year 
-- A global company in the aviation technology space awarded Sify a large
network integration contract covering all key airports in India 
-- A large Public Sector Bank awarded Sify a contract for supporting its online
banking site 
-- Sify launched enhanced DDoS detection and mitigation service for its
customers, enabling customers with large internet-facing businesses to protect
and secure their business from DDoS attacks 
Data Center business 
-- The new DC at Noida is seeing a lot of traction. Work on the new DC at Mumbai
is being accelerated to expand capacity 
-- Renewals came from across all industries including a logistics major, a state
government electricity board, a telecom multi-national and the largest banking
conglomerate in India 
-- New business included one of India's leading English-language publications, a
home-grown banking major, and one of the oldest Indian companies in the mobile
power business 
Cloud and Managed services  
-- Cloud and Managed Services grew by 46% over same quarter last year 
-- The business signed up a premier education institution and a food
multi-national 
-- One of the world's most popular fast food chain in India has opted for our
Cloud Platform to run their critical IT Servers 
-- A leading Chemical multinational as opted for our Disaster recovery services
to provide business continuity 
-- One of India's largest private bank has signed us to run its critical cheque
truncation system for both its Datacentre & Far site DR 
-- One of the largest Core banking Independent Software Vendor has chosen Sify
Cloud platform to run its Core Banking Solutions for its cooperative banks
customers 
Applications services 
-- Talent Management Solutions registered an increase of 192% over same quarter
last year 
-- Portals grew 45% over same quarter last year. As per Comscore, Sify unique
visitors grew by 85%, against a category growth of 6% 
-- Sify Finance was among the top 5 portals in Business Finance News / Research
category, having a visitor YoY growth of approx 352% 
-- Sify eLearning signed up two of the world's largest pharmaceutical giants, an
international auditing major and a United Nations body 
Technology Integration services 
-- Technology Integration Business grew by 69% over previous quarter 
-- Safescrypt grew by 87% over previous quarter 
-- Sify was contracted to build a Data Center for a Defence establishment and a
health care major 
-- A government statistical research institute contracted Sify to build and
maintain its MPLS network 
About Sify Technologies 
Sify is among the largest integrated ICT Solutions and Services companies in
India, offering end-to-end solutions with a comprehensive range of products
delivered over a common data network infrastructure reaching more than 1100
cities and towns in India. This telecom network today connects 30 client Data
Centers across India, in addition to Sify's own 5 Tier III Data Centres across
the cities of Chennai, Mumbai, Delhi and Bengaluru. 
Most of the company's revenue is derived from Enterprise Services, comprised of
Telecom services, Data Center services, Cloud and Managed services, Application
services and Telecom Integration services. Sify also provides services that
cater to the burgeoning demands of the SMB/SOHO community and the retail
consumer, much of it on its Cloud services platform. 
Sify is ISO 9001:2008 certified for Enterprise Sales, Provisioning, support and
customer relationship management of ICT solutions and services including VPN,
Network, Voice, Data Centre hosting, Integration services, security services and
managed services. Sify has been certified in SSAE16 SOC2 Type II for Cloud
Infrastructure. Sify has licenses to operate NLD (National Long Distance) and
ILD (International Long Distance) services and offers VoIP backhaul for
international carriers. With the Sify Cable landing station and partnerships
with submarine cable companies globally, Sify is 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 India's first enterprise managed services provider to
launch a Security Operations Center (SOC) to deliver managed security services.
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, both in India and globally.
The business also operates two of the most popular internet 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, 2013, 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.  
Media contact details 
Praveen Krishna, Investor Relations & Corporate Communications,
Sify Technologies 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- Oct/23/2013 11:57 GMT
 
 
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