Sify clocks Rs 10.4 crore profit in FY16

Revenue up by 12 per cent

Sify Technologies Limited, has clocked Rs 10.4 crore profit during the quarter ended March 2016 as compared to Rs 8.9 crore, a year ago. Revenue for the quarter was Rs 403.6 crore, an increase of 12 per cent over the same quarter last year.

Raju Vegesna, chairman of the company said that this is our third straight year of profitability with strong revenue growth, since we announced our plan to become an ICT Services provider.

Kamal Nath, chief executive of the company added that FY16 was company's third year of Sify 3.0 journey and company's positioning as an ICT Solutions and services player have led to consistent growth in revenue, order book and profitability .

Company's Infrastructure as well as services business have contributed to the growth of each other.

The quantitative and qualitative performance coupled with healthy mix of run rate, annuity and large deals have strengthened company's base for a sustained growth in FY17 and beyond, he added.

M P Vijay Kumar, chief financial officer, Sify Technologies said: "The discipline exhibited over successive quarters on cost control has helped to supplement the good progress on the revenue front. Our asset utilisation has also improved with increased demand for our solutions, both on the data centre and network side".