Sify Profit Falls

(RTTNews) - Sify Technologies Ltd (SIFY), an Indian company dealing in Managed Enterprises, IT and software services, on Wednesday said its first-quarter net profit declined 25% to 85 million Indian rupees from 113 million rupees last year.

EBITDA for the quarter was up at 583 million rupees compared with 483 rupees last year.

Revenue for the quarter climbed 15% to 3.41 billion rupees from 2.96 billion rupees in the previous year.

Raju Vegesna, cchairman, said, "Our continued growth in the face of a difficult economic environment has firmly established us a steady player in the Indian ICT space... we are pursuing incremental growth from the North American market to supplement our traditional Indian market focus."