CHENNAI, India, April 22, 2024 (GLOBE NEWSWIRE) -- EARNING CALLS DETAILS April 22, 2024| 8:30 AM ET Participant Dial in: To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International). Access code: 380303 On the call: Mr. Raju Vegesna, Chairman of the Board, Mr. M P Vijay Kumar, Executive Director & Group CFO and Mr. Kamal Nath, Chief Executive Officer Live webcast: https://www.webcaster4.com/Webcast/Page/2184/50420 Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International). Replay passcode 50420. Replay is available until April 30, 2024. --------------------------------------------------------------------------------------- HIGHLIGHTS Revenue was INR 35,634 Million, an increase of 7% over last year. EBITDA was INR 6,756 Million, an increase of 7% over last year. Profit for the period was INR 49 Million, a decrease of 93% over last year. Profit before tax was INR 232 Million, a decrease of 77% over last year. CAPEX for the year was INR 12,377 Million. (IN INR MILLION) FY 2023-24 FY 2022-23 EQUITY 15,230 15,145 BORROWINGS     Long term 17,608 13,818 Short term 6,937 6,662       MANAGEMENT COMMENTARY Mr. Raju Vegesna, Chairman, said, "It is comforting to witness India's growth amidst global challenges. Our people possess remarkable skills, driving progress despite disruptions. International business leaders share our optimism, recognizing India's potential. Their confidence reflects positively on our business environment, attracting investments and fostering partnerships. This growth isn't just for businesses—it benefits our entire nation, creating jobs, improving livelihoods, and driving development. Despite geopolitical disturbances, India stands strong, powered by our abundant talent and unwavering spirit. Together, we're shaping a brighter future for generations to come. I am committed to fostering this growth, ensuring that India continues to thrive on the world stage and Sify has a central role to play." Mr. Kamal Nath, CEO, said, "As Enterprises advance their digital transformation and digitalization goals, they are strategically realigning their digital architecture across applications, hybrid cloud, network, security, and edge environments. Customer experience, business continuity, cybersecurity, application modernization, and AI enablement are the pivotal catalysts driving this recalibration. Our robust infrastructure investments and comprehensive services portfolio are structured to precisely address customer objectives. Concurrently, we maintain proactive engagement with clients, identifying their distinct requirements and customizing our offerings to align with their evolving needs." Mr. M P Vijay Kumar, ED & Group CFO, said, "Our three businesses have unlocked tailored growth avenues, attracted targeted investments and fostered valuable partnerships. Our investment philosophy encompasses expanding Data Center presence to new locations for sustained growth, increasing capacity at existing facilities to meet immediate demand, and fortifying network and cloud interconnectivity. Simultaneously, we're prioritizing the expansion of our workforce, equipping them with essential skills, tools, and processes to drive innovation and efficiency. All the while, we remain steadfast in our commitment to cost-effectiveness and fiscal prudence. Cash balance at the end of the year was INR 5,835 Million." BUSINESS HIGHLIGHTS  The Revenue split between the businesses for the year was Data Center services 31%, Digital services 28% and Network services 41%. Business Revenue (INR Millions) Q4 2023-24 Q4 2022-23 FY 2023-24 FY 2022-23 % Growth FY 2023-24 vs FY 2022-23 Data Center services 2,901 2,554 11,054 10,125 9 Digital Services 2,550 2,792 9,918 9,989 (1) Network services 4,186 3,515 14,662 13,289 10 TOTAL 9,637 8,861 35,634 33,403 7 As on March 31,2024, Sify provides services via 1033 fiber nodes across the country, a 16% increase respectively over same quarter last year. As on March 31, 2024, Sify has deployed 7835 contracted SDWAN service points across the country. At close of financial year, Sify has invested a cumulative of USD 7.22 million in start-ups in the Silicon Valley area as part of our Corporate Venture Capital initiative. CUSTOMER ENGAGEMENTS Among the ...