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Sify Technologies Proceeds With Sify Communications Merger

Nov 24, 2008 3:36 PM

Nasdaq-listed Sify Technologies Ltd has announced its decision to proceed with the planned merger of Sify Communications Ltd into Sify Technologies Ltd. Sify Communications Ltd is a majority-owned subsidiary of Sify Technologies Ltd. Sify Communications holds National Long Distance (NLD) and International Long Distance (ILD) licenses. The merger of the…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Sify

Earnings
Sify’s Losses Mount; Broadband ARPU Falls; Launches Gaming Portal

Oct 31, 2008 12:08 PM

Nasdaq-listed Sify Technologies’ reported its Q2 FY09 results today showing a net loss of $ 5.32 mn compared to net loss of $ 0.83 mn in the same quarter in the previous year. The company’s revenues increased by 9% to $34.4 mn in Q2 this year over the same period…

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Posted In: Money, Earnings, Companies, Sify

Sify Defers Merger of Technologies And Communications Unit; Launches Gaming Portal, Re-Designs

Aug 31, 2008 4:32 AM

—The press office at Sify is busy this week. Sify Technologies has deferred the merger of its subsidary Sify Communications. Sify Communications, which holds National Long Distance (NLD) and International Long Distance (ILD) licenses will continue to conduct the VPN and Voice services of the company while Sify Technologies will…

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Posted In: Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, Broadband, Companies, Sify

Google To Power Apps For Sify; Mail And Chat Included

Aug 27, 2008 7:02 AM

Google (NSDQ: GOOG) and Sify are expanding their relationship beyond just search: Per a new agreement, Google Apps will power Sify’s chat, Sifymail, and online documents as well as other unspecified applications. Business terms of the deal have not been disclosed. In the prepared quote, Sify CFO Raju Vegesna notes…

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Posted In: Companies, Google, Sify

Earnings
Earnings: Sify Revenue Up 7 Percent; Consumer Segment Declines

Jul 25, 2008 8:58 AM

Sify Technologies announced quarterly revenue of $35 million, a 7 percent increase from $32.7 million in the year-ago quarter. The growth came entirely from the enterprise side of things, as consumer-revenue dipped 22 percent to $8.72 million. Net loss expanded to $2.39 million from $1.09 million, however the quarter included…

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Posted In: Money, Earnings, Companies, Sify

Earnings
Sify Reports Net Profit Of $0.12 Million; iWays To Be Relaunched In Small Format; Focus On Services

May 30, 2008 8:45 AM

Sify Technologies has reported revenues of $150.59 million for the financial year ending 31st March 2008 (FY08), 11 percent higher than the previous fiscal. However, net profit was just $0.12 million, despite a one-time benefit of $3.1 million due to change in depreciation policy, which was offset by $3.97 million…

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Posted In: Money, Earnings, Companies, Sify

Sify Launches International Roaming Broadband With iPass; Compared To GPRS?

May 29, 2008 9:07 AM

Sify has launched an international roaming broadband service called Roam Connect International, allowing Sify customers to access wireless broadband service on the move. Sify claims to have more than 100,000 broadband locations globally, including at airports, hotels, conference centers and retail venues. For this Sify has tied up with NASDAQ…

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Posted In: Technologies / Formats, Broadband, Companies, Sify

Mandatory For Rediff And Sify To List In Indian Markets; Cleartrip Eyes IPO

Jan 28, 2008 4:40 AM

Rediff (NSDQ: REDF) and Sify are mandated to list in the Indian stock exchanges, reports Reuters; this is primarily because of a government rule that requires that they list locally within three years of reporting profits. Both companies reported profits in the 2006-07 fiscal. Last July, CNBC-TV18 had claimed that…

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Posted In: E-Commerce, Travel, Money, IPO, Companies, Rediff, Shaadi, Sify

Earnings
Earnings: Sify’s Income Up; Broadband Subscribers Decrease

Jan 22, 2008 3:51 PM

Sify announced its Q4 2007 earnings tonight, and its net income increased to $1.55 million, up from from $1.05 million in the year-ago quarter.  Net income per ADR was $0.03, flat with last year. It had revenues of $ 38.38 million, about 8.7 percent higher than the year-ago period. It…

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Posted In: Money, Earnings, Companies, Sify

Sify Rebrands Itself

Jan 9, 2008 11:30 AM

[by Cerius Shah] Indian Internet daddy Sify has gone uber with a new ‘eco-friendly’ logo which is also ‘business like’. I presume the new look is only for the enterprise edition as Sify.com still retains the old logo in the masthead. Sify is also planning to integrate its broadband, Internet…

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Posted In: Companies, Sify

Sify Ties Up With Deal4Loans

Nov 12, 2007 2:18 AM

Sify has tied up with Deal4Loans.com, a loan information and applications portal, for financial content for their Loans section, as per a release. The loans section isn’t accessible directly from Sify’s main page. Deal4Loans is also providing it’s WalletWatch service to Sify, apart from comparing loan/credit-card deals available. For Deal4Loans,…

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Posted In: Companies, Sify

Yatra.com Goes Offline With Sify; On Sify’s Franchisees

Nov 7, 2007 11:35 PM

Yatra has announced a tie-up with Sify, offering its travel related services - booking of hotels, flights and travel packages - via Sify’s 7000 retail points in 220 cities. I wonder how many of the Sify retail points and cybercafe franchises are really running…a couple of months ago, while searching…

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Posted In: E-Commerce, Travel, Companies, Sify

Earnings
Earnings: Sify’s In Losses In Q3; Legal Expenses Against Yahoo India Piling Up

Oct 24, 2007 3:04 PM

Sify reported its Q3 earnings today, and its revenues were $37.02 million, up 6.4 percent from the year-ago period. The company was in losses and was 2 cents a share, compared to a profit of 4 cents a share in the year-ago period. Interesting this: Sify incurred exceptional expenses of…

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Posted In: Money, Earnings, Companies, Sify, Yahoo

Sify Renamed Sify Technologies Ltd; Focus On Offshoring

Oct 18, 2007 6:16 AM

So is Sify still interested in the content space? The company has been renamed Sify Technologies Limited, and as per CMD and CEO Raju Vegesna the company wanted its name to reflect its core competence with Internet Protocol (IP) and the technologies they manage, monitor and deliver over IP network…

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Posted In: Companies, Sify

Sify Launches Broadband Anywhere Inititiative

Aug 27, 2007 10:10 PM

After a failed venture to open thousands of hotspots a couple of years ago, Sify is stepping on the gas again with its Sify Anywhere initiative that will allow Sify broadband subscribers to access their accounts from any Sify kiosk at airport, hotels or Sify iWay cafe. [via Business Standard]…

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Posted In: Technologies / Formats, Broadband, Companies, Sify

Industry Moves
Sify’s V. ChandraMouli To join AutoIndia.com as CEO

Aug 17, 2007 4:25 AM

Binu TG, co-founder of auto classifieds website AutoIndia.com informs us that V. Chandramouli is joining the portal as CEO. Chandramouli has put in his papers at Sify, where he was heading Consumer Channels, Content and the Education vertical. His mandate at AutoIndia will be do develop channel parterships and monetize…

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Posted In: E-Commerce, Classifieds Business, Industry Moves, Companies, Sify

Audio Interview With V. Sivaramakrishnan, President, Portals For Sify

Aug 4, 2007 3:06 AM

An interesting audio interview with V. Sivaramakrishnan, who heads up Sify.com and also heads marketing for Sify Iways. Some more info on this Podtech interview here. The audio is below (RSs readers will have to click through):

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Posted In: Companies, Sify

Earnings
Sify’s Attempts To Outsource Online Ad Sales Didn’t Work; Brings It Inhouse

Jul 24, 2007 1:53 AM

Sify admitted as much in its Q2 earnings conference call today, after the earnings were announced earlier in the day. From the call transcript: “Our revenues for portals were impacted during the last quarter with regard to online advertising as the outsourcing strategy that we have taken up did not…

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Posted In: Money, Earnings, Companies, Sify

Earnings
Earnings: Sify In Loses In Q2; Integrates Consumer Businesses

Jul 23, 2007 3:26 PM

Sify, which is traded on Nasdaq, reported its Q2 numbers today, and reported a loss in the quarter. Net loss was $1.3 million down from a profit of $1.5 million in the year ago quarter. Revenues were $34.6 million, up from $32.5 million in the year-ago period. The company said…

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Posted In: Money, Earnings, Companies, Sify

Barron’s Blows Out Air From Rediff And Sify

Jul 15, 2007 8:33 PM

Share prices of Rediff and Sify are bound to be hit hard Monday morning (both are traded on Nasdaq in U.S.) after a bubble-bursting story in the latest issue of Barron’s (subscription required to read the full story). The bottomline of the story: Rediff.com’s market cap is way out of…

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Posted In: Companies, Rediff, Sify

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