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Sify Q2 outcomes: Net revenue up 35% to Rs 26 crore

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NEW DELHI: IT firm Sify on Friday posted a 35 per cent improve in internet revenue at Rs 25.7 crore within the second quarter ended September 30, 2020.

The firm, in a press release, stated it had posted a internet revenue of Rs 19.1 crore in the identical interval a 12 months in the past.

“During the quarter, we have witnessed the urgency among clients to adopt IT infrastructure models which would provide them the agility and flexibility to run their businesses remotely during the crisis,” Sify CEO Kamal Nath stated within the assertion.

“Hybrid IT fashions constructed on hybrid cloud infrastructure are evolving as the way in which to go,” he added.

The firm’s income elevated 1.5 per cent to Rs 589.9 crore through the quarter underneath assessment from Rs 580.7 crore within the corresponding quarter of 2019-20.

Sify CFO MP Vijay Kumar stated, “Our individuals dedication and enterprise continuity processes have ensured that working efficiency continued to stay regular all through this era of warning.

“We will be conservative in our operating spends, while we increase our capex to support the anticipated demand for our data centre and network infrastructure,” Kumar added.

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