SIFY - Earnings call transcript Q2 2022 | Sify Technologies Limited

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Operator

Good day, ladies and gentlemen and welcome to the Sify Technologies’ Financial Results for Second Quarter and Fiscal Year 2021-2022. At this time, all participants have been placed on a listen-only mode and the floor will be open for questions and comments after the presentation. It is now my pleasure to turn the floor over to your host, Praveen Krishna. Sir, the floor is yours.

Praveen Krishna

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

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

Investor call have obtain If you company’s corporate sifytechnologies.com/investors. section press Information the webcast at one release provided on website you. you call may the maybe A please sent Investor the copy today’s the the a at of replay the of XXX-XXX-XXXX accessed at our release in in accessing press the copy of to or section Sify by do Global of by and a the corporate dialing in not release, have on Grayling Information we will Alternatively, numbers website.

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

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

Raju Vegesna

on Good Thank you, us you call. joining Praveen. morning, for the and thank

made the proactive lockdowns, multiple pre-pandemic Through and infrastructure us the is establish can adoption up wave India anything, the the bouncing aggressive clearly enterprises IT what welfare small services. IT services. with and other for of adopted attractive companies the has have and for India enterprises, services, centers Similar initiatives delivery services. next as services the networks demand the by this of automation set government reporting increasingly all the geo-political with enabling administration and multinational from second been medium critical the businesses demonstrably, pace destination data and the near the to that and combined with course driving achieve. helped back As That, results the a following changes, with to and our rapidly pandemic of for by

highlights Kamal? quarter. expand me the new our business bring for We let past the on expect for And of create Kamal these tailwinds some to Sify to CEO, opportunities Nath

Kamal Nath

you, Thank Raju.

market Technologies with the parent, the two As Services Sify Limited Spaces creation Limited, declared Sify can subsidiaries and ensure in the of Limited that earlier we conditions. investments to was strategy line under Sify evolving and focus Infinit Digital our the

current application timed decision. demand cloud-based for services to transformation accelerating Hyperscale Data services bouquet. this Our The and our results decision digital the Centers, all world’s endorse to was financial Enterprise central modernization,

return With digitalization. seeing in are market forms all making sentiment, of in customers’ decision the aggression in we

with same portfolio Services expand Cloud@core our on the grew Centric this current over Services, summary. from Services, reflected Data the Services, is Digital The the Digital and with Network revenue same by that focus presented Network year. last business demand customer in Integration to of engagements. same businesses Technology Data Center XX%, year. between to the over of Services, is Revenue Services and been by grew lines. on I increasingly of reflecting separately the perfectly and summary Services business this The Center the new for Managed Data services like Digital from President, each sits the business would comprising grew Our services last quarter In these Services, established have X% subsidiaries XX%. quarter split last Services Applications Services, and and quarter quarter over separate Network from XX% year. by Centric was last Revenue Revenue XX% Center XX% Cloud line

expand now me business highlights. the upon Let

Venture a our initiative, of we little Capital part the start-ups cumulatively more across Corporate United have million X USD States. than invested in As four

backbone upgrade for XX can Hyderabad, has now capacity Delhi. Mumbai to in In of renewable million. XXX Cumulatively, Chennai, INR XX, of key the high-density the the Enterprise Data quarter, upgrade of energy Sify has its to This capacity as on also Sep network current the invested XXXX. the of the our in customers. Center and Bangalore, XX tune quarter, Sify deliver procuring Sify Data delivered for Mumbai, During completed Center MW cities its in services

coverage Sify addition, Chennai, available networks Sify to can Metro Enterprise Kolkata, to deployment, XX% make increased by Sify Delhi. Hyderabad, and its services and deployment and has station XXXGig this our base bandwidths With customers. density Ahmedabad, Mumbai, continues metro network available completed to Bangalore In Pune, wireless expand in to Jaipur, deliver tap customers. in its to high adding on to network Enterprise

Mumbai. wins press on in A now quarter, submarine detailed Versova, key recorded Sify in party cable list agreement to at a live of website. Landing During a landing Cable release our Open our land our Station the our signed new is

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

Vijay Kumar

everyone. Thank you, Kamal. Good morning,

over year. million, the Profit last before XXX was increase XXX million, million. of same the XX% Revenue was tax an performance last year. the XXXX for increase the over million, you second quarter growth was XXXX-XXXX. quarter financial INR Let over of same was Capital a of million, year. me quarter of after for expenditure increase tax year. the quarter INR quarter an same the the quarter same year present Profit of EBITDA briefly INR XX% the was XXXX INR XXXX last XX% INR financial over XX% during to quarter the an last

stable. stay Center delivery network along digital to capabilities Data our on continues continue with focused expanding performance our We our to be in footprint, Operating reach services. and

is quarter remarks. million. at While Cash now the over Chairman? was we will on XXXX end positive a continue hand allocation be economic sign, our INR vigilant balance to cost of his effectiveness, recovery I healthy, liquidity management. and to capital will closing for Chairman

Raju Vegesna

their digital will to was Vijay. on individual Thank be enable collectively market to the choice them you, subsidiaries of transformation will line independent drive while focus sharper of of creation the enable intended strategies, our they strengths, The our focus allow for they individual enterprises. to partner first businesses pursue

strength as from for the joining start-ups endorsing services to adoption this of of the differentiator, will by enterprises our you technology I Operator? We call are established us are offering. the the use who our the orders Thank by and now main their operator that encouraged services hand for with questions. coupled

Operator

question. pose Please Instructions] your your Greg from [Operator for Burns. today question affiliation, announce first Your then is coming

Greg Burns

are the am pandemic morning. seeing in what like of larger get Good are customers. you Company. more sounds I Thank recovering of pipeline with projects, recently. quarter your It delta this you maybe maybe to you or you are them like from a from picture starting to just But more, you? to in demand what I the seeing Sidoti things Are a surge, buildup for opportunities. feel look wanted is willing your & from you. seeing from spend the kind engage And

Raju Vegesna

at services, started we opportunities they is is are the are enhanced Yes. Raju. customers our our what are as seeing while Greg, what this and seeing, and are Yes, we engaging looking platforms we and and the major this they focus want is, project see the to doing how while – having face. we the all and discussion will into customers may a in be starting clearly pandemic there parallel what

the the but think services. at are things building cannot deals of pipeline exciting we I where me engaged the services, integrated some lot projects are are our are a we we predict we point, – I of let this say, are what the across forecast with at of engaged, and

Greg Burns

and a And brought Okay. – leverage. pandemic, managing the job, driving good costs driving you’ve done really

of kind and up, picking is forward to Now more with expect on operating picking to the spending your demand levels that of up spending kind view maybe activity leverage? market you growth? What’s start do and drive going

Raju Vegesna

to as our Greg, networks demand going are you the One, in our network. to also continuously are said, investing cellular we in we metro datacenters you is that, see What expanding and networks. so

datacenters are for focusing in both are also going is is plans metro So, networks our we building very – adoption, building India. the we more increase services – great digital for on NLD on and CapEx both spending even side, the network, continuously side, more or on services on infrastructure. to Similarly, the the digital are growth transformation, going we as good to the country which our

development CapEx, more and needs a more it people. but of doesn’t there, but hiring So lot skill much it need

both going as of services pandemic. are to spending we So, invest and be and trends, capabilities on future building CapEx to are delivering side bright network similarly our for the is the transformation, with and digital the we and the both hope done datacenters this the going part

be we hoping yes, are think, aggressively. I So, invest very to going that,

Greg Burns

but of it’s have you down given on that investments a I margin? Do a expect making? the would for over little target you bit, some been EBITDA XX%, that you maybe know plan Okay.

Raju Vegesna

investment, predictable as what Currently, But going is. the return it are right? the and don’t right, investment this are to the have we we on balance, investing, we

Greg Burns

the Okay. And a on of is had coming the set capacity I I the when what’s what you quarter, you that capacity on XXXMW remind then, of timeframe think your in of timeline online? XXMW the datacenter could will target at or us end for and new be think online? maybe September terms target capacity, a mentioned you bringing the

Raju Vegesna

capacity are what already the continuous quarterly And we growth. the we what think there we quarter. showed to when I That certain future, going we continuously predict see increasing are built. we don’t this And but is things is can the

customer going whatever by we then, and to those things the XX coming will it So by or in certain are building next in certain is. design. online are demand are And we there are things deliver things and be it months

we things So what certain what certain and things still – in are we the are we have have planning. in a deliver built plan then building we the to we and

are years we datacenters next in So fronts in – all all few the substantial see is, amount growing a fronts.

Greg Burns

Okay. Great. much. very Thank you

Operator

are Instructions] in no more [Operator There questions queue.

Raju Vegesna

forward this Thank you. on Thank you look Stay your year. appreciate and healthy this call. We day. have to through with good interacting safe, a time stay you. We

Operator

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

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

Sify Technologies Limited (SIFY) 29 Oct 212022 Q2 Earnings call transcript