NASDAQ-listed Sify Technologies is all set to offer net telephony by acquiring the new Unified Licence for telecom services. The company, which is now focussing on the enterprise segment, is planning to offer voice services as one of the applications to its clients.
Speaking to Business Line, Kamal Nath, CEO, Sify Technologies Ltd said, “We are evaluating Unified Licence. It seems to be a natural progression for us.”
Five biz units
The company, which had started out as a pure play Internet services company, has embarked on a transformation plan. At the heart of this initiative is the company’s aim to become an IT services company that also offers telecom infrastructure.
Nath said that 5 business units have been created as part of the Sify 3.0 plan. These business units would focus on offering a range of services, including data centre solutions, cloud-based applications, system integration and telecom infrastructure.
He said the company will slow down its investments in the retail Internet services segment. “The game has changed as retail Internet services has moved to mobile devices. We now have 3,000 enterprise customers and that’s where our focus is,” Nath said.
Sify recently bagged a contract from the postal department valued at over Rs 900 crore and another from a leading financial services player in South India. Nath said that Sify has made Noida its business headquarters while Chennai would continue to be the corporate headquarters.
The revamp is beginning to pay off for the company. During the first quarter this fiscal, its net profit was Rs 16.3 crore as against a net loss of Rs 1.6 crore for the previous quarter.
Analysts, however, said the company has entered multiple areas without seeing success in any.
“It is difficult to identify Sify as a pure networking, content or software company. IT companies in India have seen spectacular growth in the last 10 years, as they have leveraged India
The bigger news to me in your post is Sify being awarded the postal dept. contract. Why would Sify not offer more "publicity' on this big win? In any case, this contract will certainly move their #s in a positive direction in the coming quarters.
To bad that nobody takes this company seriously anymore.
Maybe one day things will change but still then any positive news is good just for a short pop. Trading in and out is not my thing therefore I'm waiting for the big payoff. Revenues and profit margins are getting better quarter after quarter therefore is just matter of time and patience.
I hate those ADR service fees do. I got charged $375 bucks for holding a stock on which I'm losing money.
Good luck to all you longs