Sify Tech Reports Q1 Profit

(RTTNews) - Sify Technologies Limited, (SIFY), a provider of IT, e-commerce and Internet services, Thursday reported a profit for the first quarter, compared with a loss it reported during the same period last year.

For the three-month period, the company reported net profit of INR 163 million compared with net loss of INR 76 million during the corresponding quarter last year. The company reported revenues of INR 2,628 million, higher than INR 1,973 million reported last year.

Kamal Nath, CEO, said "...The highlight of the quarter is the winning of a multi-services, multi-technology integration project across more than 3500 locations from one of India's largest Non-Banking Financial Companies."