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THE FOLLOWING IS THE EXPRESSED OPINION OF THE WRITERS AND IS NOT ADVICE ON HOW TO BUY STOCKS OR WHICH STOCKS YOU SHOULD OWN. THIS COMMENTARY IS JUST AN OPINION!
Sify is an India company. They provide internet and IT services to businesses and individuals. Sify's performance in the financial year 2003-04 is the story of growth across both corporate and consumer services. The growth of 40% in revenues was achieved across both the corporate and retail segments. While corporate revenues are climbing, so is the access media segment. Internet cafes are springing up throughout India The network of cafes has grown from 844 cafes last year to 1725 cafes in 2004. Broadband services is now available in 15 cities throughout India. Including cable services, the broadband subscriber base has grown to 23,000. Though still quite small, Sify's interactive services are expanding. Discussion groups, blogs, classifieds, legal services, vacation information, Sify Mall. Sify Mobile 4545 includes news, sports, stock quotes, ring tones for download, Samachar money transfer etc. Sify's four basic segments: Corporate Services(40%), Access Media(40%), Interactive Services(1%), Other(9%) are working in conjuction to achieve 40% revenue growth for the 2003-04 financial year.
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