|
Sify Technologies has announced its consolidated results under International Financial Reporting Standards (IFRS) for the fiscal year 2012-13. Raju Vegesna, Chairman, Sify Technologies, said, "As a company, we have invested in a robust network with sufficient capacity for our growing connectivity business. We also remain one of the only network service providers which is also a leading provider of Data Center and IT Services. Clients are recognizing the benefits of these core capabilities, along with our Solutions and Services focus, strengthening our ability to deliver end-to-end ICT solutions. The benefits of this approach can be seen in an increasing number of large orders, many of which are now in an advanced stage of implementation." The key features of the results reveal that , Sify has received revenue of Rs.8,570 million for the year ended March 31, 2013 which is up by 11.3% as against Rs.7,698 million revenue last year. EBITDA for the FY 2012-13 is Rs.802 million, as compared to Rs.490 million in the previous fiscal, showing an increase of 63.6%. Net Profit for the year is Rs.477 million as against a net loss of Rs.385 million for the previous year. Cash balance at the end of the year was INR999 million. Overall Internet business grew by 50% over the last year. Revenue from Data services is up 21% over last year and revenue from Voice business has grown 27% over previous year. The company has enrolled 1,200 new customers across the year. The company’s business has added 26 large Enterprise customers and more than 60 SME projects in 2013-13.
Related Articles -
computer technology news, online indian magazines, top information, technology magazines, front line magazine, latest computer technology news, digit,
|
