Sify Q2 revenues up at $37.02 Mn

By SiliconIndia   |   Friday, 26 October 2007, 07:00 Hrs
Printer Print Email Email
Bangalore: Sify Technologies, a provider of consumer internet and enterprise services in India with global delivery capabilities, has announced its consolidated US GAAP results for the second quarter. It has reported revenues of $37.02 million for the 2nd quarter ended 30th September 07, 4.7 percent higher than the immediately preceding quarter, and 6.4 percent over the same period last fiscal.

Its net profit before exceptional items was $1.12 million as against $0.58 million in the previous quarter. Post exceptional items, the net loss for the quarter is $1.25 million as compared to the previous quarter's net loss of $1.27 million.

Raju Vegesna, Board Chairman and CEO & MD, Sify, said, "We have done well to accelerate our revenues in the enterprise segment where the business model and our team are now well set and beginning to yield results. We will continue to grow revenues with more aggressive marketing of these services going forwards. We have also initiated the integration of our consumer service lines and infrastructure to leverage synergies in this segment. I believe we will be able to see the results of these initiatives over the next two quarters. However, the full benefit of these efforts will be realized during the course of next year".

Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..