Welcome to our dedicated page for Sify Technologie news (Ticker: SIFY), a resource for investors and traders seeking the latest updates and insights on Sify Technologie stock.
Sify Technologies Limited reports developments as an India-based Digital ICT solutions provider serving enterprises through Network Services, Data Center Services and Digital Services. News commonly covers IFRS financial results, segment revenue trends, data center capacity and colocation demand, fiber-node and SD-WAN network expansion, cloud and managed services, security, applications integration and technology integration.
Company updates also include activity at Sify Infinit Spaces, the data center subsidiary serving hyperscalers, enterprises and neo-cloud customers through colocation infrastructure.
Sify Technologies Limited (SIFY), based in Chennai, India, has been recognized in Gartner’s Market Guide for Public Cloud Managed and Professional Services Providers in Asia/Pacific. This acknowledgment highlights Sify's capabilities in public cloud services, essential for enterprises seeking business agility. CEO Kamal Nath emphasized the importance of this recognition in a region with varying IT maturity levels. The company aims to enhance its cloud transformation offerings by investing in automation and AI/ML technologies, further solidifying its position in the rapidly evolving digital landscape.
Sify reported a revenue increase of 6% for the year, totaling INR 24,320 Million, with EBITDA rising 25% to INR 5085 Million. Net Profit reached INR 1585 Million, marking a 125% rise in Profit Before Tax, which was INR 1599 Million. The company recognized a Deferred Tax Asset of INR 600 Million. Despite the pandemic, segments like Data Center Services and Cloud Management saw significant growth, while Network Services revenues fell 7%. The Board opted not to declare dividends to conserve capital amid ongoing pandemic uncertainties.
Sify Technologies Limited (NASDAQ: SIFY) will release its unaudited IFRS financial results for the fiscal year ending March 31, 2021, on May 7, 2021, before the market opens. A conference call featuring Chairman Raju Vegesna, CEO Kamal Nath, and CFO M P Vijay Kumar will be held at 8:30 AM ET. Interested parties can participate via phone or stream the call online. Sify provides comprehensive ICT solutions, supported by a robust infrastructure and a significant presence in over 1600 cities in India and internationally.
AMS-IX and Sify Technologies Limited (SIFY) announced an expansion of internet exchange hubs in India, establishing new interconnection sites in Kolkata, Noida, Hyderabad, and Chennai. This initiative aims to enhance internet connectivity and improve user experience across these regions. With India's internet traffic nearly doubling in recent years, the partnership focuses on delivering high-quality, cost-effective connectivity. The new exchanges are set to commence operations in 2021, utilizing AMS-IX's advanced IX-as-a-service solution.
Sify Technologies Limited (NASDAQ: SIFY), based in Chennai, India, has received two prestigious awards at the Global HR Excellence Awards 2021: one for Talent Management and another for Excellence in Learning and Development. The awards recognize Sify's successes in adapting its hiring, training, and reskilling approaches during challenging times, particularly with the shift towards remote work. Chairman Raju Vegesna expressed pride in the team's ability to embrace change and enhance skills for future opportunities.
Sify Technologies Limited (NASDAQ: SIFY) announced that CEO Kamal Nath was awarded 'CEO of the Year' by The World Leadership Congress, recognizing his leadership during challenging times. This award highlights Nath's role in transforming Sify into a leading ICT solutions provider in India. Since joining in 2012, he has driven consistent revenue growth and established Sify as a preferred partner for enterprises and government sectors. The company continues to adapt to the evolving digital economy, leveraging its robust infrastructure and cloud capabilities.
Sify Technologies reported a revenue of INR 6301 million for the quarter, marking a 7% increase year-on-year. EBITDA rose by 17% to INR 1291 million, while profit before tax surged 61% to INR 400 million. Profit after tax also grew 54% to INR 252 million. The company maintained a robust cash balance of INR 4431 million. Prominent growth areas included Data Center-centric IT services, which grew 21%, driven by cloud adoption and digital transformation. Management expressed optimism about future demand aligned with emerging customer priorities.
Sify Technologies Limited (NASDAQ: SIFY), based in Chennai, announced it will disclose its unaudited IFRS financial results for Q3 2020 on January 28, 2021. The results will be shared before market hours, followed by a conference call at 8:30 AM ET featuring key executives. Interested parties can join the call via phone or through a live webcast. Sify is recognized as India's leading Digital ICT solutions provider, catering to over 10,000 businesses globally.
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Sify Technologies reported a 2% revenue growth to INR 5899 Million for the quarter, with EBITDA increasing 12% to INR 1189 Million. Profit before tax rose 48% to INR 414 Million, while profit after tax saw a 35% increase to INR 257 Million. The company maintained a robust cash balance of INR 4242 Million at the end of the quarter. Management highlighted a shift towards hybrid IT models, driven by increased demand for digital transformation services amid the ongoing pandemic.