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HomeNewsEnterprise ITSify revenues jump 23% to ₹18432 mn for FY 2016-17

Sify revenues jump 23% to ₹18432 mn for FY 2016-17

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For Sify Technologies, revenue for the year ended March 31, 2017 was ₹18432 million, an increase of 23% over last year. EBITDA for the year was ₹2570 million, an increase of 5% over last year.

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For , revenue for the year ended March 31, 2017 was ₹18432 million, an increase of 23% over last year.  EBITDA for the year was ₹2570 million, an increase of 5% over last year. Net Profit for the year was INR 642 million, an increase of 47% over last year.CAPEX during the year was INR 1669 million. Cash balance at the end of the year was INR 1884 million.

“We have maintained our record of growth for the fifth year. We continue to see a general trajectory of enterprise clients moving towards a single-window service provider for execution of their critical IT transformation projects. To date, our investments in global markets have been cautious, yet promising, said Raju Vegesna, Chairman.

“I am seeing a growing trend of clients moving away from large incumbent service providers and entrusting projects to a growing number of nimble, proactive service providers. Our suite of managed services and our offshore delivery model should benefit from such changes,” he added.

“We continue to see healthy growth in order book and revenue, resulting from the investments we have made in both the size and expertise of our sales team. Over the past year, we have booked new orders that represent an annual contract value in excess of 10000 million,” said Kamal Nath, CEO.

Business highlights for FY 2016-17 for


  • Revenue from Data Services for the year grew by 15% over last year.
  • A total number of 950 clients were added during the year.
  • During the year, Sify expanded its reach by adding 246 new sites.
  • The rollout of the next generation data network in Mumbai is now complete. The network was rolled out using the next generation DWDM equipment, providing customers with a highly resilient network to support Data Center-to-Data Center and Cloud traffic.
  • Sify launched a unique Internet Exchange in partnership with global pioneer AMS-IX.  This multi-location IX fabric will provide cloud and content players, as well as India service providers, a neutral interconnection platform for IP and private traffic.
  • This year saw Sify establish dominance in the nascent Payments bank industry in India.
  • Sify also launched its Enterprise grade Managed WiFi solution, offering New Age Connected Solutions to Enterprises going Digital.
  • Major wins this quarter included a Public-Sector bank in the South and another Payments bank in the North.
  • Multiple customers contracted for Managed Wireless LAN services, including a large global manufacturing company and a Public-Sector bank.
  • SMACnet was chosen as the Most Innovative Offering of the year by a leading industry media.

Data Center Services

  • Revenue from Data Center services grew by 29% over last year.
  • Sify added 36 new clients for DC Services across various industries.
  • Sify commissioned a primary Data Center for a Public sector Insurance company along with near DR and far DC to be housed in Sify's data centers.
  • Sify's Data Centers now host network POPs for several Global Content players. This has led to significant orders for Peering from Indian telecom operators and ISPs.
  • A National level Private Insurance company's Data Center was successfully migrated to Sify's Data Center.
  • Sify was awarded the CIO choice award 2016 for integrated data center solutions and data center transformation services.

Cloud and Managed Services

  • Revenue from Cloud and Managed Services remained flat versus the prior year.
  • One of the world leaders in medical devices and software for Oncology signed up to set up their first facility in India on the Private Cloud. This contract includes Software, Infrastructure and Connectivity.
  • A leader in creating and operating next generation tech centric financial exchanges contracted for multiple Cloud managed and security services, including the newly launched GoInfinit Acceleration services
  • One of the largest luxury real estate players will migrate their entire database to our Cloud environment. This contract also included connectivity among different ongoing projects.
  • A three-wheeler manufacturer signed up for a similar Cloud setup to optimize and leverage their existing investments.
  • 18 new clients were added in the last quarter.
  • 9 new partnerships were signed during the year.

Applications Integration Services         

  • Applications Integration services grew by 100% over the previous year.
  • The Talent Management line of business showed robust growth with over 10 Million assessments conducted over the past year; largest among them was the nation-wide recruitment examination for the Govt of India, for which 6.5 million candidates registered.
  • A total of 16 new clients signed up for Forum, Talent Management and e-Learning services.
  • One of our major forward-supply-chain customers have extended their contract by three years.
  • Sify signed 12 new clients for the SAP business and 6 new clients for Microsoft Azure business.
  • Sify also acquired the first SAP Business Warehouse on Cloud Client for the subsidiary of a major IT player.
  • Key wins include an engineering and construction arm of one of the largest Government employers and a Public Sector Bank that contracted the business to upgrade and consolidate their Database using a combination of Open Source and old SQL versions.
  • Sify was accorded the Hosting Partner of the year award for 2016-17 by Microsoft.

Transformation Integration Services

  • Revenue for Transformation Integration services has grown 55% over last year.
  • Sify added 62 new clients across Data Centre IT, Network Integration, Security and Collaboration Services.
  • A large Public Sector Insurance Company has contracted with Sify to deploy and provide Infra Integration services for DC Network, IT Infra Compute and Storage, and Security services.
  • Another large Public Sector Insurance company and Public Sector Bank has contracted with Sify to refresh WAN Network Infrastructure across India.
  • A Private Insurance Company has contracted with Sify for a Data Center Transformation Project to design, deploy, host and migrate existing Data Center services to new platform along with managed services for DC and DR.
  • A large Public Sector Bank has contracted with Sify to establish a Data Center and Network Infrastructure across all their locations.
  • Sify won a large contract from a Public-Sector Oil and Gas company to establish a Data Center infrastructure.
  • Sify also won a large contract from a State Government to establish an end-to-end Data Center infrastructure, which includes design and setup of IT, Network and Security, and Managed Services platform.

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