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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

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