January 27, 2010 / 2:06 PM / 10 years ago

UPDATE 1-Sify posts Q3 profit, shares surge

* Q3 profit $9.46 mln vs yr-ago loss $5.54 mln

* Rev up 18 pct to $39.2 mln

* Shares up 23 pct before the bell

Jan 27 (Reuters) - Indian Internet company Sify Technologies Ltd (SIFY.O) swung to a third-quarter profit, helped by a one-time gain of $12 million, sending its shares 23 percent before the bell.

For the third quarter, the company posted a net profit of $9.46 million, compared with a net loss of $5.54 million in the year-ago quarter.

The net profit was due to a one-time realization from legal matters of $12 million during the quarter.

Revenue rose 18 percent to $39.2 million.

Growth was driven by revenue from enterprise services segment, with data centre, managed voice, applications services and systems integration services all registering growth, the company said in a statement.

Shares of the Chennai-based company were up 39 cents at $2.11 Wednesday before the bell. (Reporting by Mansi Dutta in Bangalore; Editing by Unnikrishnan Nair)

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