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Sify Technologies Q4 IFRS Loss Narrows - Quick Facts

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4/25/2012 9:01 AM ET

Sify Technologies Ltd. (SIFY: Quote) posted fourth-quarter IFRS net loss of INR 60 million versus loss of INR 108 million last year.

Revenue for the quarter climbed to INR 1.86 billion from INR 1.71 billion in the prior year.

MP Vijay Kumar, chief financial officer, said, "Our continued focus onoptimising cost, while retaining our growth momentum, is yielding positive results. Operating cash flow continues to be positive and gross margins have remained steady, in spite of continuing pricing pressure in the market. As a result, we are seeing a consistent contribution to our EBITDA from both existing and new value-added services we have introduced."

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
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