TUESDAY JUNE 5, 1:35 AM EASTERN TIME
SIFY REPORTS US GAAP RESULTS FOR Q4 AND YEAR ENDED MARCH 31, 2001
SALES REVENUES CONTINUE TO GROW, CASH LOSSES REDUCE FOR THE FIRST TIME
CHENNAI, India--(BUSINESS WIRE)--June 4, 2001--Satyam Infoway Limited (Nasdaq:
SIFY - news), India's premier Internet and eCommerce Company, announced today its consolidated US GAAP
results for the fourth quarter and the financial year ended March 31, 2001.
o Sales revenue in Q4 was twice that of Q4 last year. Sales revenue for full year was over two and a half times
that of last year. SIFY's sales revenue for full year Rs 1,787 million ($38.1 million) is a record for an Internet and
e-Commerce business in India.
o Cash loss (Loss before interest, depreciation and amortization) in Q4 was lower than the previous quarter for
the first time in last eight quarters. This reversal of trend is an important milestone in SIFY's march towards
profitability. The reduction in Cash loss was achieved by increasing revenue and reducing expenses.
o The sales revenue profile in Q4 was: 68% from data/network services and e-Consulting to Corporate; 24%
from retail Internet access at home and at cybercafes; and 8% from the portal.
R. Ramaraj, Managing Director and Chief Executive Officer stated, "This quarter will be remembered by all of us
in SIFY as the quarter in which we posted a reduction in cash loss for the first time -- a clear reversal of trend.
This was achieved by expanding the topline sales revenue and reducing operating costs simultaneously."
(IN $ MILLION; ALL TRANSLATED AT $1 = RS 46.85)
YEAR ENDED QUARTER ENDED QUARTER ENDED
31 MARCH 31 MARCH 31 DEC.
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2001 2000 2001