Sify Technologies’ net profit increased by 25 per cent to Rs 25.3 crore in July-September 2018 compared with Rs 20.3 crore in the same quarter a year ago. The company’s revenue increased by around 14 per cent to Rs 551 crore during the quarter from Rs 484 crore in the corresponding period of 2017-18.

“The government’s aggressiveness on digitisation is continuing to open up opportunities for our broader set of services,” Sify Technologies Chairman Raju Vegesna said in a statement.

“Our recent wins are an endorsement of our vertical go-to-market strategy that was introduced a year earlier. This is reflecting positively on our revenue mix, profitability and new order book,” Sify Technologies CEO Kamal Nath said.

He said the recent public policy changes regarding proposed data protection regulations in India and the central bank’s directive on domiciling data in the country of origin is driving demand as more global players look at hosting their applications within India.

Revenues of the company from data centre centric IT services grew 25 per cent. “Segment wise, revenue from data centre services, cloud and managed services and technology integration services grew by 36 per cent, 76 per cent and 52 per cent respectively,” the statement said.

The company said that its revenue from telecom centric services grew 4 per cent over the same quarter last year.

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