"India is in the grip of the second wave of the COVID pandemic and governments have reintroduced lockdowns to deal with the calamity. The first wave was a wake-up call for large companies to increase their investment in automation, and that has helped insulate them to a large measure this time around."
"Now that the merits of automation have been firmly established, we should see more mid-sized businesses adopt automation aggressively," Sify Technologies
chairman Raju Vegesna said in a statement.
For the year ended March 31, 2021, the company's profit more than doubled to Rs 158.5 crore as compared with Rs 70.6 crore in the previous financial year.
The 2020-21 annual revenue of Sify increased by about 6 per cent to Rs 2,432 crore from Rs 2,295.2 it recorded in the previous fiscal.
"A year into the pandemic, all the industries - small, medium, or large have accelerated their digital transformation and cloud adoption drive to be able to sustain and grow their businesses in a changing environment," Sify Technologies Chief Executive Officer Kamal Nath said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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