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Sify reports 10 per cent increase in revenues during QE December 2018

February 01, 2019
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Sify technologies has reported a 10 per cent increase in its revenues from  Rs 5,228 million during the quarter ended (QE) December 2017 to Rs 5,732 million during the QE December 2018.

The company’s net profit increased by nine per cent from Rs 285 million during QE December 2017 to Rs 312 million during the quarter under consideration. Further, the earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 12 per cent to Rs 788 million during the same period.

Meanwhile, the company’s CAPEX stood at Rs 1,181 million during the quarter under consideration. The cash balance of Sify Technologies at the end of the quarter stood at Rs 1,262 million.

Commenting on the results, Raju Vegesna, chairman, Sify Technologies said, “Enterprises that seek out an IT partner look for relevance, comprehensiveness and cost-effectiveness. Sify has consistently delivered the last two, leveraging our complete ICT eco-system and quicker turnaround time. As Enterprises increase focus on their core area of operations, our focus is now to build relevant vertical strengths across industries. As the government’s digitisation moves gather speed, we should see broader demand for our service bouquet.”

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