Sify achieves Q4 Net Profit of $0.54 million, Adjusted EBITDA of $2.75 million. Full year adjusted EBITDA of $1.94 million, net loss of $8.5 million
Sify Limited (Nasdaq National Market: SIFY), India's premier Internet, network and e-Commerce Services Company, announced its consolidated US GAAP results for the fourth quarter and fiscal year ended March 31st 2004.
Performance highlights:
- Sify's sales revenue during the quarter of $19.01 million was 16% higher than the immediately preceding quarter, and 36% higher than the same quarter last year.
- For the full year, Sify reported revenues of $64.5 million, 40% higher than the previous year.
- Sify registered a cash profit (in adjusted EBITDA terms) of $2.75 million during the quarter compared to $1.02 million in the immediately preceding quarter, and cash profits of $0.32 million for the same quarter last year.
- For the full year, cash profit was $1.94 million compared to a cash loss of $11.11 million for the previous year.
- Net profit during the quarter was $0.54 million. Net profit includes a one-time gain of $1.45 million on the sale of shares of Wisden CricInfo.
- For the full year, Sify reported a net loss of $8.55 million, compared to a net loss of $30.62 million for the previous year, a reduction of 72% over the previous year.
- The company generated $0.71 million in cash from operations during the quarter, after capital expenditure of $2.63 million.
- Cash burn for the full year was $2.5 million, after capital expenditure of $8.38 million.
- Sify ended the quarter with a cash balance of $33 million and is debt free.
Sify's core competence results in new products and services:
Some of the products and services developed, launched or enhanced over the year, all aimed at fulfilling Sify's promise of 'Making the Internet work for you' were:
- Forum, Sify's supply chain solution, is integrating manufacturers' distribution chains with their corporate ERP on a cost-effective internet-based platform. This enables a smooth flow of information between the company and the supply chain, increasing efficiencies and reducing costs.
- Sify's subsidiary Safescrypt developed SafeExim for the Exporter-Importer community for secure electronic transactions with the Directorate General of Foreign Trade, Government of India, using Digital Signature Certificates. This allows exporters/importers to take advantage of incentives being offered by the DGFT for transacting securely using SafeExim.
- In corporate connectivity, Sify's international MPLS VPNs are redefining the way companies are linked globally in terms of quality of user experience, flexibility, security and affordability.
- An increasing number of companies in the country are now using Sify's converged IP VPN services including data, voice and video conferencing for cost effective communications and management of far flung offices.
- Video Conferencing - imeet at the iWay cyber cafes enables video conferencing across cities, easy and cost effective.
- Sify Hosting's Fort Knox, an SLA (Service Level Agreement) based Security Services package to protect servers is rapidly finding acceptance amongst corporates. It is a form of reassurance that is cost effective, managed by experts and enables the highest level of security.
- Sify Hosting is also the first hosting service in the country to launch Infrastructure Data Management Services for the building and management of data centres. Companies that find that they have to build their own data centers due to business imperatives now have the expertise of Sify Hosting for construction and management. This makes it easier, more cost effective and ensures the company does not need the specialised skill sets or hire personnel for this function.
- Sify's Access Media developed Sify Gold, a dial up connection with a service that enables users to download large files on request on to Sify servers when they are off line, saving them time and money in terms of phone charges.
- Every one of them is centred on customer delight, whether it is corporates or consumers, based on the quality of service and user experience.
Sify launches Infrasecure
Sify launches InfrasecureŠ, an Incident Prevention and Response Service, which provides continuous protection against new vulnerabilities, minimising costs. Round-the-clock monitoring by an experienced Sify Team ensures that corporates focus on their core business by leaving the activity of preventing IT-infrastructure related attacks and quick response to security related incidents, to the Sify Infrasecure team.
The benefits of Sify InfrasecureŠ for Enterprises
- It ensures that a team with expertise, monitors and manages the Security Infrastructure, thereby maximising performance,
- Continuous protection against new vulnerabilities through the use of state-of-the-art solutions.
- Minimised costs, removing the need for expensive in-house support
- The Sify 24x7 Incident Prevention & Response Center - ensures round-the-clock confidence
- It allows enterprises to refocus their resources on core business objective
The offerings of Sify InfraSecure:
It is a compelling fusion of proactive planning and 24x7 handling of security incidents. As a Sify InfraSecure customer, enterprises can expect the following from the service:
- Design of a baseline security level that is in consonance with the company's business environs.
- Periodic Vulnerability assessment & Penetration testing on the enterprise's infrastructure to assess the baseline level.
- Applying patches for the OS and Applications for desktops and servers.
- Prompt response to computer-related security incidents. It is expected that Sify InfrasecureŠ would quickly set standards
in the Indian Security environment.
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