|By PR Newswire||
|December 31, 1969 07:00 PM EST||
Performance Highlights FY 2008-09 (Unaudited)
- Sify reported revenues of $ 121.62 million for the year ended 31st March 2009, 3 % higher than the previous year's revenue of $ 117.88 million. - The Enterprise business registered growth of 13% over the previous year, while the consumer business' revenues were 26 % lower than the previous year. The international business ended the year with an increase of 29 % over the previous year. - Net Loss for the year was $ 16.85 million as against a Net Profit of $ 0.50 million in the previous year. - Capex during the year was $ 29 million on account of data centre expansion and the doubling of network reach over the first three quarters. This also increases current operating costs, whereas revenues will take time to scale across all the newly established locations. - Sify ended the year with a cash balance of $ 7.20 million after capital expenditures of $ 29 million during the year.
Mr CVS Suri, Chief Operating Officer, Sify, said, "Our enterprise services drove Sify's growth with a larger percentage share of total revenues last year. We expect VoIP carrier services and our Data Center services to be the growth drivers for the enterprise business going forwards. We continue to expect growth across all businesses including connectivity, security and application services. Revenues during the year were from both new customer engagements and enhanced requirements from existing customers. Our international businesses have grown, and will continue to grow, by focusing on opportunities in identified verticals of business and industry. On the consumer front, the access business has been a challenge, and this is being addressed with rationalization of product portfolios based on consumer demand, as well as focusing on services in cities where we are well represented. Our interactive services capability was enhanced with a new content management system that is multi-media capable, and allows for greater efficiencies, flexibility, scalability and user interactivity. New initiatives for video content across entertainment, sports and lifestyle areas such as cookery saw us gaining new users during the year".
Unaudited Consolidated income statement as per IFRS ( In $ million, all translated at $1 = Rs.50.95) Description Year ended Quarter Ended 31st March 2009 2008 2009 Enterprise 85.18 75.02 22.30 Consumer 25.62 34.46 5.35 Others 10.82 8.40 2.68 Revenue 121.62 117.88 30.33 Cost of Revenues (71.11) (66.53) (18.19) Other Income 1.75 0.91 0.56 Stock Compensation expenses (0.62) (1.11) (0.12) Depreciation and Amortisation expenses (10.21) (7.74) (2.84) Selling, General and Administrative Expenses (54.60) (47.25) (12.72) Net Finance Income (2.47) 2.04 (1.04) Share of Affiliates 0.97 3.55 0.15 Profit Before tax (14.66) 1.76 (3.87) Income Taxes (2.19) (1.26) (0.33) Profit for the year (16.85) 0.50 (4.20) Profit attributable to: Owners of the parent (17.86) (0.09) (4.30) Non-controlling interests 1.02 0.59 0.10 Non Financial Indicators e Port Subscribers active 490 718 490 No of e Ports (Operational) 1,791 2,165 1,791 E ports Additions (Gross) 367 513 41 No of Cities 249 180 249 Broadband Subscribers (in 000's) 165 219 165 No of CTOs 2,011 1,966 2,011 ARPU 305 336 291 Technology No of PoPs 547 481 547
Sify is now fully operational as a long distance operator for wholesale voice with a steady increase in business. We are using our IP expertise effectively in offering and managing these services.
Significant wins for data centre services were from the General Insurance
Corporation, State Bank of
Application services were signed with the Indian Institute of Banking & Finance and ICICI Prudential. While managed voice contracts were gained from Cobwell & Salmon and Cleaves Global.
Government investments in eGovernance and services, Public Sector Enterprises investing in IT, enablement and rural banks and co-operatives are driving demand for enterprise services in the current environment. Public Sector Banks are continuing to invest in IT to gain efficiencies and improve customer services.
Infrastructure management services:
Infrastructure management services are seeing fresh traction in the western markets in the current environment. This has resulted in queries and an increase in our engagements with existing customers.
Consequently the sales force in the US has been strengthened to meet this opportunity. Lead times, however, are longer as decision making is now more layered. Interest is from across verticals including finance, high tech, manufacturing and others.
Sify eLearning continues to identify opportunities in the current environment for its services. While there is increasing pressure on price or added value, our focus has been on efficiencies in delivery to protect margins. We are also ensuring skill sets to meet with the evolving requirements of the eLearning space. We also launched Learning Infrastructure on a Services Model as a new service offering in the last quarter.
Among the awarded contracts, some of the notable wins were from customers such as a global leader in Business Intelligence Products and Services, a Global Investment Management organization, and our being empanelled as a preferred vendor by a Canadian City Municipal Agency.
Access media services
Broadband to home:
Consumer offer to promote timely renewals: The offer of
Launch of "double speed @ night" product: The launch of the 64 kbps (Day) 128 kbps (Night) Unlimited plan, Sify Broadband completed its unique "double speed @ night" product range. There are now three plans in this range offering differing speeds, but double the download speeds at night and unlimited downloads all day long. Customers who do basic tasks during the day that do not require high speeds, but heavy downloads at night find these packages very attractive and affordable.
e-port cyber cafes:
Internet Learning Program at Sify e-Ports: Sify tied up with
the National Internet Exchange of
The ten-hour course at just
Rationalization of the e-Port product portfolio: A standardized set of products across all e-Ports is now available with an extensive rationalization of the range to arrive at a mix of 11 products, new registrations and renewal combined. These products cater to varied requirements of customers, be it with respect to pricing, validity or value for money.
Consolidation of cafes in existing locations: Potential franchisees to start e-Ports in existing cities are being carefully screened before opening new cafes. Existing cafes are also being monitored on multiple parameters, including the involvement & interest of the franchisee and viability of the location in a dynamic urban environment. If proving unviable, these cafes are being closed down.
Improvement of the content management system and delivery platform has resulted in greater automation and reduced costs for both content and people. The automated content management system also allows for greater flexibility and scalability going forwards. It also is multi-media capable and enables greater focus on user related features.
Sify.com continues to enhance its capabilities and content with alliances with companies such as Google, World Wrestling Entertainment (WWE), Sony Entertainment Television, Zee TV and others to offer compelling entertainment and sports content including video content. This is resulting in new users coming in for the rich media content that they can enjoy on Sify.com.
Sify.com revamped its internationally popular food channel 'Bawarchi' (http://food.sify.com/) to enhance it with multi-media capabilities and to make it more contemporary and user friendly. The revamped Bawarchi continues to offer the best of Indian cooking to an international audience with enhanced features that include videos and tools for greater user interactivity.
Sify sports (http://sify.com/sports/) started live streaming
of international cricket matches, including the
Sify.com tied up with Zee Television while continuing its relationship with Sony Entertainment Television to bring popular reality shows Dance India Dance (http://danceindiadance.sify.com/ ) and Jhalak dikhhla jaa (http://jhalakdikhhlajaa.sify.com/ ) to online audiences. The highly popular sites offer fans interactive tools, community features, videos, gallery, show recaps, message boards and expert diaries.
The newly introduced Sifymail WIYI (World In Your Inbox) has met with an encouraging response with growing numbers of users subscribing per day. The feedback regarding the widgets that enable users to personalize their inbox to become their veritable home page on the Internet has also been very positive.
Games (http://games.sify.com ) continued to grow in number of users with the recently launched Antzill range of games gaining traction. The site has also been widely reviewed and written about which has helped attract many new users.
Stree, an exclusive section for the contemporary woman was launched (http://sify.com/news/women ) during the last quarter. The special channel includes sections on lifestyle, family, health, career tips, leisure, cookery tips, help and astrology.
Sify is among the largest Managed Enterprise and Consumer Internet
Services companies in
A significant part of the company's revenue is derived from Corporate
Services, which include corporate connectivity, network and communications
solutions, security, network management services, enterprise applications and
hosting. Sify is recognized as an ISO 9001:2000 certified service provider
for network operations, data center operations and customer support, and for
provisioning of VPNs, Internet bandwidth, VoIP solutions and integrated
security solutions, and ISO 27001 certified for Internet Data Center
operations. Sify has licenses to operate NLD (National Long Distance) and ILD
(International Long Distance) services and offers VoIP back haul to long
distance subscriber telephony services. The company is
Consumer services include broadband home access, dial up connectivity and the e-port cybercafé chain across 249 cities and towns. Sify.com the consumer portal of Sify has sub portals like http://www.samachar.com, http://www.walletwatch.com, http://www.sifymax.com and http://www.chennailive.in, http://www.bangalorelive.in, http://www.mumbailive.in, http://www.hyderabadlive.in the city based live video on the web. The content is available in 5 Indian languages, which include Hindi, Malayalam, Telugu, Kannada and Tamil.
For more information about Sify visit http://www.sifycorp.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.
For a discussion of the risks associated with Sify's business, please see
the discussion under the caption "Risks Related to Our Business" in the
company's report on Form 6-K for the quarter ended
Contact information: Sify Technologies Limited Mr. David Appasamy Investor Relations +91-44-2254-0770 Ext. 2013 [email protected] Grayling Global Investor Relations: Ms. Trúc N. Nguyen (ext. 418) or Mr. Christopher Chu (ext. 426) +1-646-284-9400 [email protected] or [email protected] Media Relations: Ms. Stacy Dimakakos +1-646-284-9417 [email protected]
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Aug. 27, 2015 02:30 PM EDT Reads: 299
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Aug. 27, 2015 02:15 PM EDT Reads: 503
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
Aug. 27, 2015 02:00 PM EDT Reads: 289
SYS-CON Events announced today that IceWarp will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. IceWarp, the leader of cloud and on-premise messaging, delivers secured email, chat, documents, conferencing and collaboration to today's mobile workforce, all in one unified interface
Aug. 27, 2015 02:00 PM EDT Reads: 322
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Aug. 27, 2015 01:00 PM EDT Reads: 282
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Aug. 27, 2015 11:30 AM EDT Reads: 384
The Internet of Things (IoT) is about the digitization of physical assets including sensors, devices, machines, gateways, and the network. It creates possibilities for significant value creation and new revenue generating business models via data democratization and ubiquitous analytics across IoT networks. The explosion of data in all forms in IoT requires a more robust and broader lens in order to enable smarter timely actions and better outcomes. Business operations become the key driver of I...
Aug. 27, 2015 10:45 AM EDT Reads: 307
SYS-CON Events announced today that DataClear Inc. will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The DataClear ‘BlackBox’ is the only solution that moves your PC, browsing and data out of the United States and away from prying (and spying) eyes. Its solution automatically builds you a clean, on-demand, virus free, new virtual cloud based PC outside of the United States, and wipes it clean...
Aug. 27, 2015 10:30 AM EDT Reads: 302
SYS-CON Events announced today that Micron Technology, Inc., a global leader in advanced semiconductor systems, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Micron’s broad portfolio of high-performance memory technologies – including DRAM, NAND and NOR Flash – is the basis for solid state drives, modules, multichip packages and other system solutions. Backed by more than 35 years of tech...
Aug. 27, 2015 10:00 AM EDT Reads: 120
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
Aug. 27, 2015 07:00 AM EDT Reads: 186
Through WebRTC, audio and video communications are being embedded more easily than ever into applications, helping carriers, enterprises and independent software vendors deliver greater functionality to their end users. With today’s business world increasingly focused on outcomes, users’ growing calls for ease of use, and businesses craving smarter, tighter integration, what’s the next step in delivering a richer, more immersive experience? That richer, more fully integrated experience comes ab...
Aug. 27, 2015 06:15 AM EDT Reads: 500
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Aug. 27, 2015 05:00 AM EDT Reads: 120
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...
Aug. 27, 2015 04:00 AM EDT Reads: 246
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
Aug. 27, 2015 04:00 AM EDT Reads: 359
U.S. companies are desperately trying to recruit and hire skilled software engineers and developers, but there is simply not enough quality talent to go around. Tiempo Development is a nearshore software development company. Our headquarters are in AZ, but we are a pioneer and leader in outsourcing to Mexico, based on our three software development centers there. We have a proven process and we are experts at providing our customers with powerful solutions. We transform ideas into reality.
Aug. 27, 2015 03:45 AM EDT Reads: 403
With the proliferation of connected devices underpinning new Internet of Things systems, Brandon Schulz, Director of Luxoft IoT – Retail, will be looking at the transformation of the retail customer experience in brick and mortar stores in his session at @ThingsExpo. Questions he will address include: Will beacons drop to the wayside like QR codes, or be a proximity-based profit driver? How will the customer experience change in stores of all types when everything can be instrumented and a...
Aug. 26, 2015 10:00 AM EDT Reads: 366
SYS-CON Events announced today that Pythian, a global IT services company specializing in helping companies leverage disruptive technologies to optimize revenue-generating systems, has been named “Bronze Sponsor” of SYS-CON's 17th Cloud Expo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Founded in 1997, Pythian is a global IT services company that helps companies compete by adopting disruptive technologies such as cloud, Big Data, advance...
Aug. 26, 2015 08:00 AM EDT Reads: 152
Akana has announced the availability of the new Akana Healthcare Solution. The API-driven solution helps healthcare organizations accelerate their transition to being secure, digitally interoperable businesses. It leverages the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard to enable broader business use of medical data. Akana developed the Healthcare Solution in response to healthcare businesses that want to increase electronic, multi-device acce...
Aug. 26, 2015 07:00 AM EDT
SmartBear Software has updated its API tools, ServiceV for API service virtualization and LoadUI NG for API load testing, to accelerate development and testing processes in Agile teams. Updates to ServiceV enable software teams to rapidly build advanced mocks from real-time API traffic and quickly switch between virtualized “mock” services and actual APIs during diagnostic, load or integration testing in the continuous delivery lifecycle.
Aug. 21, 2015 11:00 AM EDT Reads: 290
“Threats are always evolving and the days of ‘set it and forget it’ malware and virus scanners are over if you want to keep your business information secure,” explained Abel Sussman, Director of Federal Services at Coalfire, in this exclusive Q&A with Cloud Expo Conference Chair Roger Strukhoff. Cloud Computing Journal: Security threats seem so widespread and diverse that it seems companies need a framework before they tackle individual issues. To what degree do you take this point of view?...
Aug. 19, 2015 02:45 PM EDT Reads: 429