Telecom Lead India: Sify has reported 23 percent increase in Q3 revenues at INR 2222 million against revenues of INR 1805 million for the corresponding quarter of the previous year.
Net loss of Sify for the third quarter was INR 56 million against a net loss of INR 74 million in the corresponding quarter previous year.
CAPEX during the quarter was INR 296 million.
Raju Vegesna, chairman, Sify, said: “Clients are asking for cost-effective solutions that leverage our existing portfolio and are tailored to their needs. In doing so, we are drawing largely on the accumulated skill sets and knowledge base built over the years. This is also increasing the absolute demand for data storage and transfer, the biggest beneficiaries being our network and hosting business.”
Sify 3.0 go-to-market strategy and offerings have received well by its clients.
The company is seeing a significant shift from the Purchase of IT Infrastructure model to the Subscription of IT Infrastructure model, both in the large enterprise and SME segments.
“Our Cloud Infinit offering and Private Cloud solutions offer great options for Enterprises to adopt this model. We are also benefiting from the network consolidation trend, as Large Enterprises reduce the number of Network Service Providers. The coming quarter focus will predominantly be driven by these two trends, as we had identified these early and are well engaged with our clients,” said Kamal Nath, CEO, Sify.
Sify’s network services revenue:
Revenue of Network services has grown 10 percent over last quarter.
Data business continues to grow with 17 percent growth over same quarter previous year.
Its network now reaches over 1000 cities and towns in India.
Wholesale voice grew by 20 percent over last quarter.
Sify’s IT services revenue:
Revenue for Hosting Business has grown 4 percent over last quarter and 22 percent over the same quarter last year.
It launched Disaster Recovery (DR)-as-a-Service and Business Continuity Management on the Cloud platform.
Sify launched a few ISV applications deployment on Cloud for various Industry verticals.
Software Services of Sify:
This business now includes eLearning and portals.
Sify eLearning business has grown 20 percent over the previous quarter.
Sify was selected to consult for a multinational corporation for their initiative to train students in India.
Sify.com registered a growth of 45 percent in new visitors against same quarter last year.
Its Android application for the bullion market saw over 30 percent increase Q on Q in new signups.
