Sify moves towards profits
21 April 2006
For the entire year the company posted revenues of Rs463.9 crore and a net loss of Rs6.10 crore. While the top line went up by Rs106.95 crore, the net loss showed a decrease of Rs20.06 crore over the FY2005 figures.
Pleased with the performance, managing director and CEO R Ramraj, said, "Initiatives in our portals business during the year resulted in revenue growth of 74 per cent over the previous year. We continue to lead the market for infrastructure-managed services such as virtual private netowork (VPN), and have established leadership in the broadband access to home segment. The iWay cyber café chain continues to grow, with over one million subscribers using the 3,300 iWay cyber cafes across 153 cities in the last quarter".
Last year Sify bagged several clients like Bombay Dyeing, Celebrity Fashions, Crompton Greaves, Eureka Forbes, GVK Biosciences, Hyundai Motors, Indraprastha Gas, McDowells, Travel Corporation of India for its VPN services. Customer wins from international alliance partners include orders from Borgwarner, Microchip Technology and Sony Pictures.
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| Quarter ended | Year ended |
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