Sify Technologies profit up by 37 % in Q3

Revenue up 23 per cent

IT network and applications service provider Sify Technologies Ltd has posted a growth of 37 per cent in net profit at Rs 11.4 crore during the quarter ended December, 2015, as compared to Rs 8.3 crore during the same quarter of previous fiscal year.

Revenue for the quarter was Rs 387.7 crore, an increase of 23 per cent over the same quarter last year.

Kamal Nath, CEO of the company said that this quarter continued the growth trend of the previous quarters. With another strong order book performance like the previous quarter both from existing and new customers, the company establish itself in the market. The company also seen healthy mix of business from run rate deals, strategic large deals as well as Government and Public Sector projects.

M P Vijay Kumar, CFO, Sify Technologies added company's Operating performance continues to be sustained over the last several quarters.

"Our commitment to investment continues, consistent with our continuous scrutiny of costs and asset utilisation," he said.