Sify Technologies Limited

Good day, ladies and gentlemen, and welcome to the SIFI Technologies Financial Results for Second Quarter in 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.

Thank you, Holly. Good morning. I'd like to extend a warm welcome to all our participants on behalf of SIPI Technologies Limited. I'm joined on the call today by my chairman, Raju Veksana, my chief executive officer, Mr. Kamal Nath, and my chief financial officer, Mr. MP Vijay Kumar. Following our comments on the results, there will be an opportunity for questions. If you do not have a copy of our press release, please call Grayling Global at 646-284-9400 and we will have one sent to you. Alternatively, you may obtain a copy of the release of the investor information section on the company's corporate website at cifitechnologies.com slash investors. A replay of today's call may be accessed by dialing in on the numbers provided in the press release or by accessing the webcast in the investor information section of the CIFI corporate website. Some of the financial measures referred to during this call and in the earnings release may include non-GAAP measures. CIFI's results for the year are according to the International Financial Reporting Standards or IFRS and will differ somewhat from the GAAP announcements made in previous years. The presentation of the most directly comparable financial measures calculated and presented in accordance with GAAP and the reconciliation of such non-GAAP measures and of the differences between such non-GAAP measures and the most comparable financial measures calculated and presented in accordance with GAAP will be made available on CIFI's website. Before we continue, I'd like to point out that certain statements contained in the earnings release and on this conference call are forward-looking statements rather than historical facts and are subject to risks and uncertainties that could cause actual results to differ materially from those described. With respect to such forward-looking statements, the company seeks protections afforded by the Private Securities Litigation Reform Act of 1995. These lists include a variety of factors, including competitive developments and risk factors listed from time to time in the company's SEC reports and public releases. Those lists are intended to identify certain principal factors that could cause actual results to differ materially from those described in the forward-looking statements, but are not intended to represent a complete list of all risks and uncertainties inherent to the company's business. I would now like to introduce my chairman, Mr. Raju Vekasena. Chairman.

Thank you, Praveen. Good morning, and thank you for joining us on the call. As India is bouncing back from the second wave remarkably, With the businesses reporting near pre-pandemic results, this pandemic helped us to clearly establish what administrative can achieve. Through the course of multiple lockdowns, the government set the pace by enabling critical IT infrastructure and following that up with the aggressive adoption of automation for the delivery of welfare services, and other services. Similar initiatives have rapidly been adopted by small and medium and enterprises, driving the demand for the services, our data center requirements, and the network and IT services. That combined with the geopolitical changes has made India increasingly and attractive to multinational companies and enterprises as the next destination for all the services. We expect these tailwinds to create new opportunities for TP. And let me, you know, bring our CEO, Kamal Naaz, to expand on some of the business highlights for the past quarter. Kamal? Thank you, Raju. As declared earlier, the creation of the two subsidiaries, SIFI Internet Spaces Limited and SIFI Digital Services Limited under the parent SIFI Technologies Limited, was to ensure that we can focus on strategy and investments in line with the evolving market conditions. Our financial results endorse this decision. The decision was timed to the enterprise world's accelerating demand for hyperscale data centers cloud-based digital transformation services and application modernization, all central to our current services bouquet. With the return in market sentiment, we are seeing aggression in customer decision-making in all forms of digitalization. Our cloud at core portfolio of services sits perfectly within this new demand and is increasingly reflected in our current customer engagements. In line with the precedent, I would like to expand on the business summary. The business summary this quarter is presented separately for network services, data center services, and digital services, reflecting the separate subsidiaries that have been established to focus on each of these business maps. Revenue from network-centric services grew by 7% over the same last quarter last year. Revenue from data center services grew by 47% over the same quarter last year. Revenue from digital services comprising of cloud and managed services, applications and technology integration services grew by 17% over the same quarter last year. The revenue speed between the businesses was network centric services 42%, data center services 27%, and digital services 31%. Let me now expand upon the business highlights. As part of our corporate venture capital initiative, we have cumulatively invested a little more than USD 3 million across four startups in the United States. During the quarter, SIFI has also invested in procuring renewable energy for our data center in Mumbai to the tune of INR 225 million. Cumulatively, SIFI has delivered 74 megawatt of data center capacity as on September 30th In the quarter, SIFI completed the upgrade of its backbone network in the key cities of Hyderabad, Chennai, Bangalore, Mumbai, and Delhi. These four times upgrade to the current capacity can now deliver high density services for its enterprise customers. In addition, SIFI completed its metro network deployment in Hyderabad, Pune, Jaipur, Ahmedabad, and Kolkata. adding to our metro networks in Mumbai, Chennai, Bangalore, and Delhi. With this deployment, SIFI can make available services up to 100 gig on tap to enterprise customers. SIFI continues to expand its network coverage and has increased wireless base station density by 23% to deliver high bandwidth to enterprise customers. During the quarter, SIFI signed a landing party agreement to land a new submarine cable at our open cable landing station in Varsoba, Mumbai. A detailed list of our key wins is recorded in our press release, now live on our website. Let me bring in Vijay, our CFO, to elaborate on the financial highlights for the past quarter. Vijay.