Print

Sify reports revenues of Rs 21,547 million for financial year 2018-19

Finance , April 23, 2019

EBITDA for the year stood at Rs 3,122 million, while net profit for the year was Rs 1,069 million. Further, the board has recommended a dividend of 12 per cent.

Performance highlights

Business highlights

Growth drivers

The primary growth drivers in the markets are cloud adoption led by digital initiatives and transformation. This trend is triggering movement of workloads from on-premise Data Centres to hyperscale Public Cloud and hosted Private Cloud in varied degrees, based on the digital objectives of the enterprises. This in turn, is triggering transformation of the traditional network architecture, and transformation at the edge which connects the end user. The need for digital services like analytics, data lakes, IOT etc are shifting the balance to adoption of hyperscale Public Cloud vs Private cloud. Collectively, these trends are generating opportunities for full scale Cloud, DC and Network service providers with digital services skills.

Commenting on the development, Kamal Nath, CEO, Sify Technologies, said, "With Cloud@Core at the heart of most of our service lines, over the past year, we have been able to establish our strategic relevance to customers in their Digital Transformation journey. Today we are one of the few Indian companies which serves the entire cloud spectrum of Cloud Enabling, Cloud Inspired, Cloud Pure and Cloud Enhanced services. These have also strongly supported the growth of our Telecom business around the SD WAN, Cloud Interconnects and Intelligent Edge networks.”

Key wins and business highlights

 

For more information please follow the following link- https://www.sifytechnologies.com/investors/news/sify-reports-revenues-of-inr-21547-million-for-financial-year-2018-19/

 

 
 

Copyright © 2010, tele.net.in All Rights Reserved