Sify’s Q2 Rev­enue at $37 mn

Voice&Data - - NEWS&VIEWS -

Sify tech­nolo­gies has an­nounced its re­sults for the sec­ond quar­ter of FY11-12, with its rev­enue stand­ing at $37.10 mn. En­ter­prise ser­vices of the com­pany in­creased by 7.5%, while soft­ware ser­vices rev­enue grew by 22% com­pared to the year ago quar­ter. The EBITDA for the quar­ter in­creased to $3.33 mn com­pared to $1.10 mn in the year ago quar­ter. Capex dur­ing the quar­ter stood at $4.60 mn, while cash bal­ance at the end of the quar­ter was $20 mn. The net­work provider’s SOHO/SMB base grew by 60%, while the cash bal­ance and un­drawn line of credit stood at $20 mn and at $3 mn, re­spec­tively at the end of the quar­ter.

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