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    Sify Q2 results: Net profit up 35% to Rs 26 crore

    Synopsis

    "During the quarter, we have witnessed the urgency among clients to adopt IT infrastructure models which would provide them the agility and flexibility to run their businesses remotely during the crisis," Sify CEO Kamal Nath said in the statement.

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    The company's revenue increased 1.5 per cent to Rs 589.9 crore during the quarter under review from Rs 580.7 crore in the corresponding quarter of 2019-20.
    NEW DELHI: IT company Sify on Friday posted a 35 per cent increase in net profit at Rs 25.7 crore in the second quarter ended September 30, 2020.

    The company, in a statement, said it had posted a net profit of Rs 19.1 crore in the same period a year ago.

    "During the quarter, we have witnessed the urgency among clients to adopt IT infrastructure models which would provide them the agility and flexibility to run their businesses remotely during the crisis," Sify CEO Kamal Nath said in the statement.

    "Hybrid IT models built on hybrid cloud infrastructure are evolving as the way to go," he added.

    The company's revenue increased 1.5 per cent to Rs 589.9 crore during the quarter under review from Rs 580.7 crore in the corresponding quarter of 2019-20.

    Sify CFO MP Vijay Kumar said, "Our people commitment and business continuity processes have ensured that operating performance continued to remain steady throughout this period of caution.

    "We will be conservative in our operating spends, while we increase our capex to support the anticipated demand for our data centre and network infrastructure," Kumar added.

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