Sify Technologies CEO Kamal Nath has revealed how the company grew its business in fiscal 2018-19.
Sify Technologies reported revenue of INR 21,547 million (+4 percent), EBITDA of INR 3,122 million (+9 percent) and net profit of INR 1,069 million (+16 percent) during the financial year 2018-19.
Sify’s revenue growth is lower than the prior year due primarily to the expiration of a large government multi-year services contract.
The primary growth drivers in the market are cloud adoption led by digital initiatives and transformation. This trend is triggering movement of workloads from on-premise data centers to hyperscale public cloud and hosted private cloud.
Sify Technologies signed deals with 25 prominent customers to migrate their workload from their on-premise data center to multiple clouds platform, including Sify Cloudinfinit, AWS and Azure. These clients are in key verticals such as power, insurance, IT, logistics, real estate, media, healthcare, mobility solutions, enterprise messaging and IT risk management organizations.
Sify Technologies signed deals with 21 major companies for the cloud implementation. The new clients are from verticals such as e-commerce, logistics, investments, finance, IT, manufacturing, retail, consulting and health care among others.
Sify Technologies was selected by 16 major companies for disaster recovery service. These clients were from retail home appliances, automobile finance, automobile design, IT and home finance.
Sify Technologies said its 11 customers moved from competitors’ data center to Sify data centers, while 10 customers moved from their on-premise data center to Sify data center across power, IT, retail, media and communications, and healthcare verticals.
Three state governments and Smart City in central India contracted Sify Technologies to set up private cloud at their data centers under the national e-governance plan.
In addition, 30 prominent logos from across manufacturing, power, energy, IT, infra and government signed up for SAP services from Sify.
Three regional TV networks and one daily publication signed up for CDN services on AWS.
Multiple companies signed up for security services from among hospitality, banking, insurance, digital wallets, technology and logistic sectors.
The online assessment business conducted more than 3.5 million cloud-based tests. On the telecom services front, the telecom centric services added 962 new customers in the year across various verticals and segments.
Sify expanded its Global Cloud Connect platform and will now offer private connections to Google Cloud in India in addition to AWS and Microsoft Azure. Enterprises can now connect from 47 data centers and their offices in over 1,600 cities across India.
Sify Technologies said it will be expanding the network and data center services capacity to meet customer needs.
India-based Sify Technologies said capital expenditure during the year was INR 4,051 million.
