Web revenue for Sify stays flat in This autumn; noticed a steep decline in FY24

Sify Ltd, the Chennai-based ICT service and resolution supplier, reported a consolidated web revenue of ₹3.8 crore for the fourth quarter ended March 31, 2024, as in opposition to ₹3.4 crore in the identical quarter final 12 months. Income was up 8 per cent to ₹963 crore (₹886 crore).

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For the fiscal ending March 31, 2024, the corporate reported a 93 per cent decline in web revenue to ₹4.9 crore a(₹67.4 crore). This was as a consequence of enhance in depreciation and amortisation expense impairment and better curiosity price, mentioned an organization official.

Income for the fiscal was up 7 per cent to ₹3,563 crore (₹3,340 crore). The income cut up between the companies for the 12 months was information centre companies – 31 per cent; digital companies – 28 per cent and community companies – 41 per cent.

Capex for the 12 months was ₹1,237 crore, mentioned a launch.

As of March 31, 2024, Sify supplies companies through 1,033 fiber nodes throughout the nation, a 16 per cent enhance respectively over the identical quarter final 12 months. It has deployed 7,835 contracted SDWAN service factors throughout the nation. The corporate has invested a cumulative of $7.22 million in start-ups within the Silicon Valley space as a part of its Company Enterprise Capital initiative, the discharge mentioned.