Sify Posts Growth
Source: www.voip-news.com
Despite the hard times, Sify Technologies Limited says that they had four percent higher revenues in the quarter that ended on Dec. 31, 2008, over the same time from the previous year.
“Demand for our enterprise services continues across connectivity, hosting, security and applications, but lead times for decisions are now much longer as companies examine every investment need before committing resources. Our VoIP carrier services have seen robust growth during the quarter, and we expect this business to be a growth driver going forwards. Data center services are also continuing to see demand, as well as our application services. Revenues during the quarter were from enhanced requirements and new engagements from existing clients, as well as new business across connectivity, hosting and applications. On the consumer front, SifyMail WIYI, our new email offering is seeing good traction, as is ANTZILL, our gaming portal. Consumer access remains a challenge in the current environment despite a number of good initiatives in terms of services as well as market expansion,” said CVS Suri, Chief Operating Officer of Sify.
The company reports that their revenue was $32.87 million in the quarter ending on Dec. 31. Their Enterprise business grew 13 percent. However, the consumer business revenues dropped by 11 percent.
“Our International business has done well to grow despite the challenging business environment. On the domestic front, many companies are now scaling back investments in IT services and reviewing their growth plans. This is reflected in our enterprise business numbers. Overall, we expect the enterprise business to continue to grow, but at a reduced pace in future. We expanded the availability of our consumer services on the back of our network expansion during the quarter. These are challenging times but we remain focused on cost effective growth going forwards,” said Raju Vegesna, Board Chairman and CEO of Sify Technologies.
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