Sify reports revenues of $156.93 million for fiscal year 2009-10
Revenues grow 15 % over the previous year. Net Profit for the year at
Chennai, Friday, 23 rd April, 2010: Sify Technologies Limited (NASDAQ Global Markets: SIFY), a
leader in Enterprise and Consumer Internet Services in India with global delivery capabilities,
announced today its consolidated unaudited results under International Financial Reporting
Standards (IFRS) for the fourth quarter of fiscal year 2009-10 and Annual year ending March 31,
Performance Highlights FY 09-10:
Mr. Raju Vegesna, Board Chairman and CEO & MD, Sify Technologies, said , “We have done
well to grow our revenues overall despite the challenging climate during the year. For while the
economy recovered, industry continues to be cautious, lead times for decisions are long and price
discounts continue to be demanded. The changed business environment necessitated a realignment
of services within both Enterprise and Consumer services for greater focus, efficiencies and speed
of response. With the result that we were able to grow enterprise services revenues by 33%, and
develop a different approach to Consumer services towards the end of the year. We believe the
stage is set for further growth and profitable operations”.
Sify reported revenues of $156.93 million for the year ended March 31, 2010, 15% higher
than the previous year’s revenues of $136.5 million.
Growth was driven by revenues from Enterprise services which grew 33% over the previous
year. Despite a challenging environment for International services, revenues were retained at
the previous year’s level. Profitability, however, registered a 150% growth over the previous
year. While Consumer services revenues declined by 35%, a new business model with new
products, services and delivery was developed during the year to return to growth.
EBITDA for the year was positive at $3.67 million as compared to a negative of $5.86 million
in the previo