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Sify reaps bumper revenues of Rs 2,069 Crore in FY 2017-18

By Digital Edge Bureau, 25.04.2018, 15:45

Cloud wins: Kamal Nath, CEO, Sify Technologies Ltd

Sify Technologies is on cloud nine. And there’re reasons for that. In its latest financial results ending March 31st 2018, the company has reported impressive revenue accrual to the tune of Rs 2,069 Crore. One of the hall marks of this year’s financial performance is that revenues from datacenter-centric IT services category grew by 30 percent over last year.

Having established itself as a leading enterprise IT and telecom services provider—and maintaining presence in more than 1550 cities in India, and offices in Singapore, UK and North-America—the company has dismantled any remnants of doubts whether cloud brings a viable business proposition to firms and organizations as well as the channel partners community.

“We’ve continued our growth in revenue, profitability and new order book based on our growth in datacenter centric IT services and ICT transformation services. We’ve been able to establish ourselves as a credible partner for our clients in ‘consumption’ as well as ‘build’ model of IT & communications services. We would continue to expand our portfolio around ‘Cloud@core’ theme across all our business lines”, says Kamal Nath, CEO, Sify Technologies Ltd. “We believe our next level of growth will be centred around the growth of our ‘Cloud@core’ service lines”, adds Nath.

Raju Vegesna, Chairman, Sify Technologies, views, “I’m pleased to note that Sify has emerged as a competitive service provider for both Indian enterprises and incoming global MNCs. This corroborates our growing maturity of our service portfolio, its flexibility and the strong fit to the unique challenges of the Indian market. In India, the volume and traction of digital transformation projects, both by the public and private enterprises, continues to fuel new opportunities for Sify”.

In the light of the seminal financial performance they company has registered, M P Vijay Kumar, CFO, Sify Technologies, says, “We close the year with a very strong quarter and significant increase in revenue. We continue to make selective investments in both infrastructure and tools.  To leverage our existing infrastructure investment, we are focusing on bundling our DC centric IT services with our WAN and DC infrastructure, a strategy that is beginning to yield results”.

The telecom-centric services – Comprises managed data services on our domestic and international network and termination of voice calls over IP in our domestic and international partner networks. While, datacenter-centric IT services the comprises managed colocation services at Sify’s six concurrently-maintainable data centers, cloud services, application-led services and technology integration-led services.

Major Highlights:
1-Revenue from data and managed services business for the year FY 17-18 grew by 9 percent over the previous year.

2-Sify added a total of 803 new telecom-centric services customers during the year.

3-Sify won a contract for network services in Nepal, which is the first in this geography and opens up the potential for catering to the SAARC countries sharing a border with India.

4-Sify secured contracts for Managed WiFi and Security services across FSI, Manufacturing and ITeS verticals.

5-Sify also concluded network and security managed services contracts with customers from the logistics and manufacturing verticals.

6-Sify deployed a Nx100G backbone network in Mumbai to support high bandwidth addition across infrastructure and customer domains.

7-The business established a category of services to address the digital ‘Cloud First, Mobile First’ enterprise.

8-Revenue from datacenter-centric IT services grew 30 percent over last year.

9-Sify added 177 new clients across all datacenter-centric IT services.

10-Multiple Public Sector banks have signed multi-year contracts for network expansion, security services and datacentre services.


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