logo
Plus   Neg
Share
Email
Comment

Sify Technologies Q4 IFRS Loss Narrows - Quick Facts

Sify Technologies Ltd. (SIFY) 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."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Angry protesters are planning more than 50 demonstrations on Friday at several Tim Hortons locations across Canada after some franchise owners in Ontario slashed workers' benefits as well as paid breaks in response to the Ontario government's minimum wage hike. The protests are being organized by advocacy group Leadnow and the Fight for $15 & Fairness Campaign. Athletic footwear giant Nike, Inc. on Thursday announced a new marketing head, in its efforts to boost market share. The company promoted Dirk-Jan "DJ" van Hameren as its VP, Chief Marketing Officer, effective immediately. Van Hameren will succeed Greg Hoffman, who has been appointed VP, Global Brand Creative & Marketing Innovation Amazon.com Inc. (AMZN) said Thursday that it has chosen the 20 metropolitan areas to move to the next phase of the selection process for the company's second headquarters. The company plans to invest over $5 billion and grow the second headquarters to accommodate as many as 50,000 high-paying jobs.
comments powered by Disqus
Follow RTT