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Sify reports revenue of Rs 197.4 crore for Q1 FY12-13; Enterprise business declined by 12%

Nasdaq-listed Sify Technologies has reported
total revenues of Rs 197.4 crore for the quarter ended June 30 2012, growing 11
per cent. The company reported a net loss of Rs 6.8 crore against a net loss
of  Rs 11.1 crore in the corresponding
quarter, last year. The company said that Sify.com portal grew 28 per cent  in terms of unique visitors over the last 12 months, and that content and product engagements also contributed significantly to the overall revenue.

Nasdaq-listed Sify Technologies has reported
total revenues of Rs 197.4 crore for the quarter ended June 30 2012, growing 11
per cent. The company reported a net loss of Rs 6.8 crore against a net loss
of  Rs 11.1 crore in the corresponding
quarter, last year. The company said that Sify.com portal grew 28 per cent  in terms of unique visitors over the last 12 months, and that content and product engagements also contributed significantly to the overall revenue.

The major
chunk of revenue came from Enterprise, from which, the company earned close to
Rs 181 crore. The segment witnessed a decline of 12 per cent Year on Year. On
the other hand, revenues from software segment also saw a decline. The company
did not report commercial and consumer business revenues, separately. The
company also informed that its SOHO/SMB customer base grew by 4 per cent over
the previous quarter, across multiple industries, including Manufacturing,
Dealers, Professionals, Cyber cafes and Retail chains.

Raju Vegesna, Chairman of the Board, CEO and MD,
Sify, said, “Our service-led strategy, offering 
Network, IT, and Software on a service model, has continued to be an
effective approach in a highly competitive market.  We are now seeing higher sales, better
up-selling and quicker turn-around times. Leveraging our expertise in providing
mission-critical solutions to large enterprise customers, we have been able to
deploy industry leading solutions on a pay-as-you-go basis that is very
attractive in the Indian market.”

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