United States
Securities and Exchange Commission
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 17, 2006
Commission File Number 000-27663
SIFY LIMITED
(Exact name of registrant as specified in its charter)
Not Applicable
(Translation of registrant’s name into English)
Republic of India
(Jurisdiction of incorporation or organization)
Tidel Park, Second Floor
No. 4, Canal Bank Road, Taramani
Chennai 600 113, India
(91) 44-254-0770
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F. Form 20F þ Form 40 F o
Indicate by check mark whether the registrant by furnishing the information contained in this Form
is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934. Yes o No þ
If “Yes” is marked, indicate below the file number assigned to registrant in connection with Rule
12g3-2(b). Not applicable.
On January 17, 2006, Sify Limited (“Sify”) announced its U.S. GAAP results for the fiscal
quarter ended December 31, 2005. A copy of the press release was furnished as an exhibit to Sify’s
report on Form 6-K filed January 17, 2006. Sify’s summarized unaudited results for the fiscal
quarter ended December 31, 2005 are set forth below. No change has been made in these results and
the sole purpose of this filing is to cause the information below to be filed under the Securities
Exchange Act of 1934, as amended, and incorporated by reference in Sify’s registration statements
on Form F-3 (File Nos. 333-101915 and 333-121047) and registration statements on Form S-8 (File
Nos. 333-101322 and 333-107938).
Summarized Results:
(In $ million, all translated at $1 = Rs. 44.95)
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Quarter ended |
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Quarter ended |
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Year ended |
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31-Dec |
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30-Sep |
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31-Mar |
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2005 |
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2004 |
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2005 |
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2005 |
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Enterprise services |
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14.34 |
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11.69 |
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14.20 |
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45.02 |
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Access Media |
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10.31 |
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8.40 |
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10.16 |
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31.26 |
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Portals |
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1.07 |
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0.59 |
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0.91 |
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2.29 |
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Others |
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1.02 |
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0.36 |
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0.83 |
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1.83 |
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Sales revenue |
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26.74 |
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21.04 |
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26.09 |
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80.39 |
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Cost of Revenues |
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(13.87 |
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(11.77 |
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(14.68 |
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(45.03 |
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Selling, general and admin expenses |
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(10.72 |
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(8.12 |
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(10.52 |
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(31.56 |
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EBITDA share of affiliates |
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0.24 |
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0.58 |
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0.59 |
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1.84 |
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Other Expenses incl forex gain (loss) |
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(0.13 |
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(0.67 |
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(0.28 |
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(0.62 |
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Depreciation & amortization |
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(2.55 |
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(3.24 |
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(2.57 |
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(12.62 |
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Below EBITDA share for Affiliates |
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(0.10 |
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(0.19 |
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(0.17 |
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(0.71 |
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Profit — business / assets sold |
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0.00 |
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0.00 |
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0.00 |
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0.35 |
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Net interest |
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0.17 |
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0.27 |
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0.17 |
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1.13 |
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Net income / (loss) |
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(0.23 |
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(2.11 |
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(1.37 |
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(6.84 |
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Net Income / (loss) $/ ADR |
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(0.01 |
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(0.06 |
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(0.04 |
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(0.19 |
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Date: January 18, 2006
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SIFY LIMITED
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By: |
/s/ Durgesh Mehta
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Name: |
Durgesh Mehta |
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Title: |
Chief Financial Officer |
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