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Sify Technologies Limited (SIFY)
F2Q10 (Qtr End 09/30/09) Earnings Call Transcript
October 23, 2009 9:00 am ET
Chris Chu – IR
Raju Vegesna – CEO & Managing Director
M. P. Vijay Kumar – CFO
C. V. S. Suri – COO
Previous Statements by SIFY
» Sify F2Q07 (Qtr End 9/30/07) Earnings Call Transcript
» Sify F1Q07 (Qtr End 6/30/07) Earnings Call Transcript
» Sify F4Q06 (Qtr End 3/31/07) Earnings Call Transcript
Thank you, operator. I’d like to extend a warm welcome to all of our participants on behalf of Sify Technologies Limited. I'm joined on the call today by Raju Vegesna, Chairman and CEO; C. V. S. Suri, Chief Operating Officer; and Mr. M. P. Vijay Kumar, Chief Financial Officer of Sify Technologies.
Following our comments on the results, there will be an opportunity for questions. A copy of the press release is being disseminated shortly. Please keep track of all the wires, as we get the release out. Apologies for the delay on this, this one time. A replay of today's call may be accessed by dialing in on the numbers provided in the press release or by accessing the webcast in the Investor Information section of the Sify corporate website.
Some of the financial measures referred to during this call and in the earnings release may include non-GAAP measures. Sify’s results for the year are according to International Financial Reporting Standards or IFRS, and will differ somewhat from the GAAP announcements made in preceding quarters.
A presentation of the most directly comparable financial measures calculated and presented in accordance with GAAP and a reconciliation of such non-GAAP measures of the differences between such non-GAAP measures and the most comparable financial measures calculated and presented in accordance with GAAP will be made available on Sify's website.
Before we continue, I would like to point out that certain statements contained in the earnings release and on this conference call are forward-looking statements, rather than historical facts, and are subject to risks and uncertainties that could cause actual results to differ materially from those described.
With respect to such forward-looking statements, the company seeks protection afforded by the Private Securities Litigation Reform Act of 1995. These risks include a variety of factors, including competitive developments, and risk factors listed from time to time in the company's SEC reports and public releases.
Those lists are intended to identify certain principal factors that could cause actual results to differ materially from those described in the forward-looking statements, but are not intended to represent a complete list of all risks and uncertainties inherent to the company's business.
I would now like to turn -- introduce Mr. Raju Vegesna, Chairman and CEO of Sify. Raju? Hello, Raju?
I will commence with the opening remarks -- hello?
Yes, Raju, we can hear you. Go ahead.
Okay. Thanks. I will commence with my opening remarks on our performance in the second quarter ending September 30, 2009. We continue to grow revenue with significant growth in our Enterprise Services, which is positioned as a complete managed services provider. Companies are engaging us to help create new business capabilities and significantly advance their business objectives over the short, medium and long term.
We continue to experience demand across data center services, managed network services and managed voice services. On the consumer front, we are seeing traction in the online advertising space and expect the consumer market to continue to going forward. So we continue our initiatives to consolidate and rationalize access services through cyber cafes and expect to experience the positive effects of the initiatives in the coming quarters. In the consumer broadband services, we have continued our focus on new products, new partners, customer upgradation and promotions.
Many of you know we completed 10 years on the NASDAQ on October 19 and were invited to open the market on that day. I would like to share with you some of the observations I made at the lunch following the market opening ceremony on the opportunities and challenges that I see.
One of the largest emerging opportunities is the Indian government who are doing a huge push into e-governance over digital infrastructure for greater efficiencies, transparency and convenience. Sify is actively working with the government, both at the central and the state level, for various services, data center services, applications development, network services, and so on.
I believe that working with the government and the revenues from such services have the potential to scale significantly in the future. Demand for every more sophisticated services or managed services from the enterprise sectors will increase. And we are all well positioned to meet the demand, for we are now positioned as the most complete managed service provider in the country with the network, hosting, applications, managed voice and systems integration services. The telcos do not offer this entire range [ph], but they are largely constrained to network or some also offering hosting services.
We are also India’s first next-generation network and are preparing to roll out the next generation services such as virtualization and cloud computing based on the evolution of the demand. A large and growing opportunity is the small and medium business sectors, which we are targeting with the focus that was with the separate business team and products and services formulated to meet their needs. This includes -- one second. This includes --