Sify’s Q2 Revenue at $37 mn
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.