IT firm Sify Technologies posted over a six-fold bounce in revenue at Rs 90.4 crore for the March ended quarter attributable to fast digital transformation of enterprise amid COVID-19 pandemic.
The corporate had posted a revenue of Rs 13.4 crore in the identical interval a yr in the past.
The income of Sify elevated by 19.5 per cent to Rs 686 crore throughout the quarter into consideration from Rs 573.6 crore within the corresponding interval of the earlier monetary yr.
“India is within the grip of the second wave of the COVID pandemic and governments have reintroduced lockdowns to cope with the calamity. The primary wave was a wake-up name for big companies to extend their funding in automation, and that has helped insulate them to a big measure this time round.”
“Now that the deserves of automation have been firmly established, we must always see extra mid-sized companies undertake automation aggressively,” Sify Technologies chairman Raju Vegesna mentioned in a press release.
For the yr ended March 31, 2021, the corporate’s revenue greater than doubled to Rs 158.5 crore as in contrast with Rs 70.6 crore within the earlier monetary yr.
The 2020-21 annual income of Sify elevated by about 6 per cent to Rs 2,432 crore from Rs 2,295.2 it recorded within the earlier fiscal.
“A yr into the pandemic, all of the industries – small, medium, or giant have accelerated their digital transformation and cloud adoption drive to have the ability to maintain and develop their companies in a altering atmosphere,” Sify Technologies Chief Govt Officer Kamal Nath mentioned.
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