Sify Technologies, a Nasdaq listed player posted consolidated revenues of $121.62 million for FY2008-09 a mere 3% uptick from previous year.
The company also reported Net Loss of $16.85 million against a Net Profit of $0.5 million in the previous year.
The Enterprise business registered growth of 13% over the previous year, while the consumer business was 26 % lower than the previous year.The international business ended the year with an increase of 29 % over the previous year.
The total broadband subscribers declined to 1,65,000 from 2,19,000 a year ago.The ARPU in broadband business also declined to Rs.305 compare to Rs.336 last year.
The total no. of e-ports, sify’s e-learning initiative across India stands at 1,791 and is currently available in 249 cities .
Sify is sitting on a cash balance of $7.20 million even after forking out $29 million on capital expenditure in FY2008-09.
Sify’s online business is showing stagnant growth but what worries is the fact that their consumer businesses like broadband etc are showing major decline which further verifies their inability to improve customer experience.
