VCCircle
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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Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Sify
VCCircle
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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Money, Earnings, Companies, Sify
Cerius Shah
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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Money, M&A & Venture Capital, Mergers & Acquisitions, Technologies / Formats, Broadband, Companies, Sify
Joseph Weisenthal
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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Companies, Google, Sify
Joseph Weisenthal
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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Money, Earnings, Companies, Sify
Nikhil Pahwa
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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Money, Earnings, Companies, Sify
Nikhil Pahwa
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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Technologies / Formats, Broadband, Companies, Sify
Nikhil Pahwa
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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E-Commerce, Travel, Money, IPO, Companies, Rediff, Shaadi, Sify
Rafat Ali
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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Money, Earnings, Companies, Sify
Rafat Ali
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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Companies, Sify
Nikhil Pahwa
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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Companies, Sify
Nikhil Pahwa
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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E-Commerce, Travel, Companies, Sify
Rafat Ali
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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Money, Earnings, Companies, Sify, Yahoo
Nikhil Pahwa
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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Companies, Sify
Anupama Chandrasekaran
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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Technologies / Formats, Broadband, Companies, Sify
Nikhil Pahwa
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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E-Commerce, Classifieds Business, Industry Moves, Companies, Sify
Rafat Ali
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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Companies, Sify
Rafat Ali
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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Money, Earnings, Companies, Sify
Rafat Ali
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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Money, Earnings, Companies, Sify
Rafat Ali
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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Companies, Rediff, Sify
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