SIFY - Earnings call transcript Q1 2022 | Sify Technologies Limited

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Good day, ladies and gentlemen and welcome to the Sify Technologies’ Financial Results for Fiscal Year 2021-2022. [Operator Instructions] It is now my pleasure to turn the floor over to your host, Shiwei Yin. Sir, the floor is yours.

Shiwei Yin

Thank you, Paul. I would like to extend a warm welcome to all of our participants on behalf of Sify Technologies Limited. the Executive by Officer; on Kamal Vegesna, joined Chief Nath, and am call Raju today Chairman; I M. P. Vijay Sify Kumar, Technologies. of Chief Financial Officer

opportunity on will Following results, for an comments questions. their the be there

have a know the Alternatively, Investor release the us will maybe you website If webcast corporate replay you www.sifycorp.com. provided obtain we do accessed copy our release copy please and by to press press sent at on Information one of in section the at call a company’s the of Information of corporate of have may section let or release, dialing you. the not the A numbers Investor accessing the in Sify today’s by website. the of

this may year Reporting earnings GAAP call and presentation the in differ of International to and Some in will previous include years. for from the measures. somewhat during release Sify’s are results according or IFRS of and Financial the presented the financial accordance measures measures Standard to will with measures made most non-GAAP and the the a announcements A financial and with presented accordance on such non-GAAP and such financial in comparable comparable reconciliation of be differences measures most made and GAAP between calculated non-GAAP website. the calculated GAAP available Sify’s in other measures directly referred

forward-looking by from of from These described factors, than release results company’s a the intended Securities could Before the Reform that from and of Raju represent lists we could facts and protections statements, differ statements, With a uncertainties completeness including company respect earnings Private conference materially like statements on principal and time-to-time competitive continue, cause described. SEC risks in to statements Litigation historical those afforded identify in forward-looking the I public intended I to would in materially and XXXX. Those the this variety rather Sify like those are to certain to risks Chairman actual of to Vegesna, to and the to that point Sir? cause out such are contained Mr. not that and Technologies. seeks business. factors call now company’s subject actual Act forward-looking include differ risks to results are the releases. inherent all would but reports in of certain listed are uncertainties risk developments introduce factors the

Raju Vegesna

Thank you, you everyone. morning, Shiwei. Good joining Thank on call. for the

challenging from from from company slowly the enterprises priority and and active sustain and access continued pandemic, wave, second for more offices learned the the critical to This market back As the operations think the the India see the the like are wave, becoming are year, requirements of coming security automation the a resilient. Indian their of helping remote in will to top the in taking major solutions. I environment. we the list national of role We first quickly to the with of the India business enterprises. midsized become bounced data as policy push think we returning wave enterprises back second more I the

interest of across accelerating. the the addition, centers, centers In pan-India data the is data

CEO highlights quarter. Let of the business some Kamal? the introduce expand Nath, to Kamal me of our past

Kamal Nath

data telecommunication providers, is the Data sustained continue of center The India. followed current at portfolio core cloud colocation resulting hybrid people segments Raju. by physical steadily of decisions to hyperscale trends to hosted is supporting in cloud thank reflected accelerated. center also It platform, With are enable relevant, digitalization Work players. interest from Yes, to disaster being fastest the and business are anywhere, of be one led plans in our and of strengthening market and our customer in you, business industries continuity, application modernization, returning to cloud recovery quarters trends these all migration engagements. workspaces, by services. in previous the enterprises growing

over revenue future We integration growth the services precedent, grew quarter highlights expect data data year. from wise, to services center year. our this would the center, drive grew last network cloud drivers. services XX%, Revenue wise, services grew expand by business. from cloud the line fell I XXX%. our technology services In business voice grew business growth, against from to like Revenue XXX%, grew and and from centric integration the same Segment alongside grew quarter network XX%. on revenue digital by services from X%, managed XX%, data connectivity XX% while services grew Segment center applications with X% IT the data centric and last and same services revenue

and upon a architecture cloud in me private primary hyper-scale expand these cloud. all center drivers. by for the end cloud and cloud for opportunities the cloud, The digital is edge, degrees versus towards transformation. The are analytics, results skills. like based services of with transformation and the and public road market full are adoption Collectively, of has user. the pandemic on-premise This network services data the – trends needs accelerated on public The the scale in to focus data drivers etcetera the network scale of service digital lakes, data in workloads, shifting for generating Let digital centers enterprises. from at traditional which transformation hosted private digital the movement and providers trend adoption of growth as led full IoT, varying objectives initiatives triggering the connects cloud hybrid

they often detailed in our signing our management of wins category to release, for multi-cloud Let to hybrid cloud of Sify partner, AWS of center transformation customers as on Sify migrate partner Customers also data are is Sify with as our on-premise networks. platforms Sify their Azure, who network security. choosing data Sify. as Cloudinfinit, center Oracle. entrust and like and now digital their recorded They partner transformation me the Sify their A choosing press and embrace migration summarize choosing their key up hosting multi-service as choosing they strategy, live management customers website. cloud-ready as customers and with Customers list

me for in bring past highlights elaborate on to quarters. Vijay? CFO our the Vijay, Let financial

Vijay Kumar

Good you, Thank morning everyone. Kamal.

Let Profit quarter quarter expenditure XXXX-XX. of the the over performance quarter INRXXXX million. quarter same XX% EBITDA of The over financial me sum operating was quarter for INRXXX financial INRXXX year. for XX% growth million, over briefly was the for for quarter first tax an year. was INRXXXX last quarter year was last of a an up million, the has tax of quarter stable. the the XX% Revenue for performance before the same quarter the was INRXXX million, increase Profit last after the year. Capital during been million. increase same the

We in centers, data expansion invest and of continue connectivity digital services. network to our

We will stay and liquidity focused on management. cost efficiency

still to to at economic the balance pandemic, regaining the the end is Chairman? remarks. our I his lost cash that closing Chairman million. recovery ground quarter of hand the INRXXXX now for over was due Given will

Raju Vegesna

to Thank relevant of this is has have handle their pandemic. realized our number of under cost enterprises you, like landscape Vijay. Large services. digital translated effectiveness This that not disruptions to current transformation inquiries such and equipped IT

call. build cross outcome-based of cater vertical you to to we offer appropriate and section able business on strength, wide Thank As for we should solutions. this continue be to joining

will Operator? to questions. operators Now, hand over I for

Operator

a Greg, from have line [Operator coming Instructions] Burns is your question you. We from Sidoti. Thank Greg live.

Greg Burns

morning. Good

online? plan In much operate, adding of of remind Thank timing plans coming this can on megawatt you. and your currently capacity expansion, you that terms for number just us amount of capacity DCs you how megawatt DC the and you the have year maybe the you of

Kamal Nath

Vijay, want add you you to address that, – can Vijay?

Vijay Kumar

yes. IT in of power. yes, presently with We megawatt of XX yes, across data cities centers Yes, X which capacity, XX have is operation spread

two be Greenfield significant on become early is we data will a projects, earlier. the go in year, And live commencing one operational. work adding of we will calendar which – current capacity, additional megawatt or a it facilities, which which on While be forward-looking Apart an that, from existing XX of capacity, which our are XXXX, service. will will the be for month for available will maybe year center

Greg Burns

you screen something color Great. are Thanks. of in like this large of like what specific, on a a services, quarter little the then And give in the bit you And the there seeing testing going can just Integration or sustainable? test was Application a of more on is that return terms this growth us quarter?

Kamal Nath

Yes.

specific this largest is result large we transformation banks. of one project, which So, because email with of have public sector a the done

years. an contract treat annuity this X over spread So, you is this can –

So, yes, year. next the you similar the will quarter in one see of revenue recognition

done This But is specific is this yes, So, this this for the years. project. which is we billing by quarter-by-quarter of have and virtue first a this revenue for year growth not client. contract of implementation the is amenity not X

Greg Burns

Okay.

billed just I to an on annual gets So, basis. sorry, am it understand,

like… So,

Kamal Nath

on Yes, it gets annual billed Yes. basis.

Greg Burns

of of side competitive in obviously, in the data the landscape, Okay, in a India cloud center been in any alright. the And competitive then in of of in lot change or the investments parts has business landscape, now, any there particularly the the happening services terms business?

Raju Vegesna

for centers. want value you build see we data – the And for competition we kind we I XX have we market. see of lot the enterprise Indian in And similar hyper-scalars we And as of are the delivering last thing. proven are the for we a data and think, have a doing We to – are delivering see, people base. we the business because a customer And center years. continuously, are

are though capacity center we three years were idea in megawatts So, is to you very We top to of competitive. an it give continuously thinking even top the next at data India. are forward two or next is what X, statement, X build XXX provider probably and in looking we

Greg Burns

like hyper-scalar the Sify why some service maybe Sify in market? over an What or differentiates a provider enterprise other would choose

Raju Vegesna

that a difference. And – so we in and for we so, and long that hyper-scalars are we what business it will the time makes continue for So yes, that’s relationship. the deliver because

effectiveness So, delivery and Indian and also our centers. then proven the deliver the cost data capability market we in

be to to the And are the in always proven competition the hyper-scalars. a we So, in have to market. record we deliver

Greg Burns

sequentially, Okay. working And a little bit primary like a down capital was driver what the is lastly, that, that was of issue? cash

Vijay Kumar

it Yes. Greg, essentially working issue. is a capital

April, May recall June, second would quarter, wave lockdown. the of had consequent that and You the we pandemic this

is capital But as working bit haven’t capital So of consequently, borrowed for we there little have far importantly, a money equally expenditures. concerned. as slowdown the our been

We using for cash capital have our the been expenditure. existing

two are these So, reasons.

Greg Burns

Thank you. Okay, perfect.

Operator

lines once no the other [Operator there Instructions] were questions again. you Thank from at this time. And

Raju Vegesna

with everyone joining stay the Thank interacting Okay. And we look for forward you. to through Thank you year. have the you, call. a good day. Stay healthy, us safe, on

Operator

this conclude and gentlemen, Thank you. Ladies does conference today’s call.

Thank time phone this have wonderful your a participation. at and lines your disconnect may You for day. you

Sify Technologies Limited (SIFY) 30 Jul 212022 Q1 Earnings call transcript