Top Story

e4m_logo.png

Home >> Media - Others >> Article

Sify’s revenues grew 30 per cent to Rs 464 crore in FY 2005-06

22-April-2006
Font Size   16
Share
Sify’s revenues grew 30 per cent to Rs 464 crore in FY 2005-06

Nasdaq-listed Sify Ltd posted a net profit of Rs 5.67 crore in Q4 FY06 under India GAAP as compared to a net loss of Rs 12.6 crore for the Q4 in the previous financial year. Revenues from sales and services touched Rs 126.8 crore in Q4, 24 per cent higher than in the same quarter ended March 31, 2005. The sequential growth in revenues over the previous quarter was 6.4 per cent.

Sify reported revenues of Rs 463.9 crore from sales and services for the fiscal year ended March 31, 2006, 30 per cent higher than the previous fiscal year.

R Ramaraj, Managing Director and CEO, Sify, said, “We are pleased to report a net profit of Rs 5.67 crore for the fourth quarter with consistent growth across businesses. Initiatives in our portals business during the year resulted in revenue growth of 74 per cent over the previous year. We continue to lead the market for infrastructure-managed services such as VPNs, and have established leadership in the broadband access to home segment. The iWay cyber café chain continues to grow, with over one million subscribers using the 3300 iWay cyber cafes across 153 cities in the last quarter.”

“Sify is well positioned to continue growth across all our businesses in a nascent Internet and network services market in India, cutting edge IP expertise, and the active involvement of our majority stakeholder in accelerating our growth with international relationships and alliances,” he added.

Durgesh Mehta, Chief Financial Officer, Sify, said, “We have consistently invested in growth with the belief that this will lead to sustained revenue growth, market leadership and profitability, and are now beginning to see the benefits of this strategy. The markets in India continue to hold great potential for growth, as does our international services in the infrastructure management and security space. Our intention is to continue to invest in these opportunities to build the value of the company and maximise stakeholder value.”

Tags

Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

Luis Fonsi, Rita Ora, Jain of Makeba fame , Dimitri Vegas, Jason Derulo, Charly Black and Dasu, J Balvin, Parineeti Chopra, Tiger & Jackie Shroff speak exclusively to the radio channel

The Film-Maker, as the host of ‘Calling Karan’, Will Be Just A Phone Call Away From Listeners Seeking Advice On Love & Relationship

The group aims to double its FMCG turnover to Rs. 1,000 crore over four years.