Sify Technologies Limited has reported a 25 per cent decline in it net profits to Rs 85 million for the quarter ended June 2015. According to the company, its continuing investment in the core assets has resulted in a drop in its Net Profits.

Meanwhile, the company’s total revenues stood at Rs 3.41 billion for the quarter ended June 2015. Further, Sify’s earnings before interest, taxes, depreciation, and amortization stood at Rs 583 million during the same period.

Kamal Nath, CEO, Sify Technologies said, “Enterprises are increasingly adopting 3^rd Platform as the chosen model for IT Infrastructure Services. Our new contracts, particularly with the medium sized Enterprises reflect the trend. Such engagements have positioned us as a new age ICT services partner for our clients.”

M P Vijay Kumar, CFO, Sify Technologies said, “While continuing to support the investment required for sustainable growth, our primary financial focus is on optimal asset utilisation and alternate means to lower operational costs.  We see potential for increased asset utilisation in both our Network and Data Center businesses, which have driven most of the capital investment over the past year.”