Sify reports revenues of Rs 3715 million for Q2 2015-16

CHENNAI, INDIA: Sify Technologies, a player in managed enterprise, network, IT and applications services in India with global delivery capabilities, reported revenue of Rs 3,715 million in Q2 2015-16, 18 percent hike over the same quarter last year.

Raju Vegesna, Chairman, Sify, said, “Within India, our broad portfolio and cost competitiveness places us in a strong position to win multi-year contracts for managed services among enterprises looking for a technology refresh.”

He added, “The new government’s call for a digital revolution is finding resonance among the different agencies, who are adopting better methods of information dissemination through IT. State governments are also becoming increasingly aggressive in their push for IT with demand for multiple services. While Sify’s focus remains primarily on the enterprise market, the renewed interest from the government sector is pushing the overall demand for IT services forward, and Sify is well-positioned to take advantage of these opportunities.”

The North American market is beginning to gain traction with increasing references for the company’s managed services. “Our strategic alliance with Fujitsu, announced last quarter, will give us access to more clients and deeper engagements.  In time, we should see this complementing our historical Indian market position,” he said.

Kamal Nath, CEO, Sify, said, “We have gained increased mindshare and wallet share for our services in both existing and new customer base. This quarter we have also seen growth in public sector business along with the enterprise segment which is a positive sign. Our integrated ICT services continue to lead our growth along with Infrastructure transformation projects.”

MP Vijay Kumar, CFO, said, “We have continued the positive trajectory over the past several quarters resulting in a healthy EBITDA and improved Net Profit. This has come from the increased utilization of our assets on the ground and good market demand for our services. That said, the aim for the remainder of this year continues to be to optimise our assets while keeping a tight grip on our costs.”