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Sify reports revenues of $154.24mn for 2010-11, portal biz profitable

Sify Technologies Limited has reported overall revenues of $154.24
million for the year ended March 31, 2011, which is 2.6 per cent higher than
the revenues of US $ 150.28 million reported last year. The company’s portal
business (Sify.com) has become profitable, though the details were not
revealed. Sify however reported a decline in its consumer business by 37.7 per
cent to $11.79 million from $18.92 million reported last year.

Sify Technologies Limited has reported overall revenues of $154.24
million for the year ended March 31, 2011, which is 2.6 per cent higher than
the revenues of US $ 150.28 million reported last year. The company’s portal
business (Sify.com) has become profitable, though the details were not
revealed. Sify however reported a decline in its consumer business by 37.7 per
cent to $11.79 million from $18.92 million reported last year.

Raju Vegesna, Board Chairman, CEO and MD, Sify, said, “I am happy
to announce that our portal business Sify.com, through small innovative
initiatives has done exceedingly well to improve its ratings and win several
marquee customers. Meanwhile the business has returned operating profits for
the first time. This is indeed a proud moment for us.”

“A new innovative tool for viewing World Cup cricket scores
increased page views substantially and improved the overall rankings of
Sify.com. Sify Sports achieved its highest ever page views for the Cricket
World cup section during the season,” the company said in a release.

The company has said that its broadband service
is available in over 200 towns and cities and caters to more than 80,000
customers through 1400 franchisees in India. Sify has around 1,860 cyber cafes across
200 towns which are both franchise and connectivity based. 

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