Sify shifts focus to IT services, reduces dependence on telecom biz

Sify Technologies CEO Kamal Nath
Sify Technologies said its revenue was INR 18432 million (+23 percent) with EBITDA of INR 2570 million (+5 percent) and net profit of 642 million (+47 percent) for the fiscal year 2016-17.

Capex of Sify Technologies was INR 1669 million.

Sify Technologies said a number of IT transformation projects have contributed to the revenue this year. Sify Technologies reduced its dependence on its traditional telecom services and significantly grow the contribution from IT services.
Sify Technologies Chairman Raju Vegesna said: “We see a general trajectory of Enterprise clients moving towards a single-window service provider for execution of their critical IT transformation projects.”

“Our investments in global markets have been cautious, yet promising. I am seeing a growing trend of clients moving away from large incumbent service providers and entrusting projects to a growing number of nimble, proactive service providers. Our managed services and our offshore delivery model should benefit from such changes,” Raju Vegesna said.

Business Highlights


# Revenue from Data Services grew 15 percent
950 clients were added
Sify expanded reach by adding 246 new sites

Sify Technologies rolled out next generation data network in Mumbai — using DWDM equipment, providing customers with a resilient network to support Data Center-to-Data Center and Cloud traffic.

Sify established dominance in the Payments bank industry in India.

Sify also launched its Enterprise grade Managed WiFi solution, offering New Age Connected Solutions to Enterprises going Digital.

Data Center Services

Revenue from Data Center services grew 29 percent
Sify added 36 new clients for DC Services across various industries

Sify commissioned a primary Data Center for a Public sector Insurance company along with near DR and far DC to be housed in Sify’s data centers.

Sify’s Data Centers host network POPs for several Global Content players. This has led to significant orders for Peering from Indian telecom operators and ISPs.

Cloud and Managed Services

Revenue from Cloud and Managed Services remained flat
Sify added 18 new clients and signed 9 new partnerships

Applications Integration Services         

Applications Integration services grew 100 percent

Sify signed 12 new clients for the SAP business and 6 new clients for Microsoft Azure business.

Sify also acquired the first SAP Business Warehouse on Cloud Client for the subsidiary of a major IT player.

Transformation Integration Services

Revenue for Transformation Integration services rose 55 percent

Sify added 62 new clients across Data Centre IT, Network Integration, Security and Collaboration Services.

Sify Technologies CEO Kamal Nath said: “We continue to see healthy growth in Order book and revenue, resulting from the investments we have made in both the size and expertise of our sales team.  Over the past year, we have booked new orders that represent an Annual Contract Value in excess of INR 10000 million.”