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Indian Internet/Networking Company Sify Grew Revenue 31% in Q2 (SIFY)

David Jackson profile picture
David Jackson

Indian networking/Internet company Sify (ticker: SIFY) provides corporate connectivity services and runs a franchise chain of Internet cafes. The majority of Sify's revenues come from its corporate business (54%), but its retail Internet business is growing faster (42% growth versus 26% growth). Here are brief details of SIFY's calendar Q2 results:

Q2 Results
(Note: all percentages are year-over-year unless stated otherwise)

  • Revenue up 31% to $23.5 million.
  • Revenue breakdown: Corporate Services up 26% to $12.66 million; accounted for 54% of total revenue. Retail Internet Services up 42% to $9.5 million; accounted for 40% of total revenue. Interactive Services up 54% to $0.77 million; accounted for 3% of total revenue. Other revenue down 10% to $0.54 million; accounted for 2% of total revenue.
  • Net loss was $2.26 million, 12% lower seqentially.
  • Cash profit (in adjusted EBITDA terms) was $0.34 million.
  • Cash balance at quarter end over $30 million.

Full press release here.

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This article was written by

David Jackson profile picture
I'm the founder and CEO of Seeking Alpha. Before Seeking Alpha, I worked as a technology research analyst for Morgan Stanley in New York. After I left, I wrote The ETF Investing Guide (which you can find by clicking on "Author's Picks" below), and some articles about individual stocks, and then started inviting other people to contribute to the website. Seeking Alpha is now the dominant crowdsourced platform for discussion of stocks and investing, and the only place with coverage of many mid and small cap stocks. I have a B.A from Oxford University and an MSc from The London School of Economics, and am married with five children.

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