Sify Technologie Stock Price, News & Analysis

Sify Technologies (NASDAQ: SIFY) has announced the appointment of Dr. Ram Sewak Sharma as a new Director on its Board. Dr. Sharma, a distinguished Indian Administrative Service officer with over four decades of experience, brings extensive expertise in Information and Communication Technologies.

Dr. Sharma's notable achievements include serving as the founding Director General of UIDAI, where he launched Aadhaar, India's largest biometric identity system. He has also held key positions as Chairman of the Telecom Regulatory Authority of India (TRAI) and Secretary of the Department of Electronics and Information Technology.

The appointment aims to leverage Dr. Sharma's experience in technology-enabled operations as Sify seeks to establish leadership across its business segments.

Sify Technologies (NASDAQ: SIFY) has announced non-compliance with Nasdaq listing requirements following the resignation of Dr. Ajay Kumar from its Board of Directors. The departure has led to violations of two key requirements: maintaining a majority of independent directors (Rule 5605(b)(1)) and having at least three audit committee members (Rule 5605(c)(2)). Dr. Kumar resigned to assume a constitutional responsibility under the Indian President's order. Nasdaq has granted Sify a cure period until May 15, 2026, or their next annual shareholders' meeting, with a minimum compliance deadline of November 11, 2025 if the meeting occurs earlier. While the non-compliance doesn't immediately affect SIFY's Nasdaq trading status, the company must appoint a new independent director or face potential delisting after the cure period expires. Sify is actively seeking a replacement to regain compliance within the specified timeframe.

Sify Technologies Limited (NASDAQ: SIFY) has launched a unique Pay-per-use colocation pricing model for AI Cloud Services across its NVIDIA-certified AI-Ready Hyperscale Data Center Campuses in India. The company's data centers in Chennai and Noida have received NVIDIA certification, joining the previously certified Navi Mumbai facility. The hourly pricing model includes hosting, power, and infrastructure costs.

The service will support various NVIDIA platforms including H100, H200, B200, GB200 NVL72, and GB300 NVL72, with liquid-cooled variants. Sify's ecosystem offers global connectivity and managed services, aiming to remove entry-cost barriers and fixed-cost infrastructure risks for GPU Cloud partners. This initiative positions India as a potential global hub for AI workloads with its cost advantages and digital infrastructure.

Sify Technologies Limited (NASDAQ: SIFY) announced that its data center facilities in Chennai and Noida have achieved NVIDIA DGX-Ready certification for liquid cooling. These facilities, along with the previously certified Mumbai Rabale facility, make Sify the first provider in India to be part of the NVIDIA DGX-Ready Data Center program. The certification validates Sify's data center deployment solutions to support up to 200 KW/rack capacity and complies with ASHRAE's 30-year ambient temperature guidelines.

The NVIDIA DGX systems provide a purpose-built platform for enterprise AI, supporting diverse AI training and inference workloads. This certification positions Sify's facilities as future-ready infrastructure capable of handling emerging AI-ready workloads.

Sify Technologies has reported its FY 2024-25 financial results, showing revenue growth of 12% to INR 39,886 Million and EBITDA increase of 12% to INR 7,562 Million. However, the company recorded a loss after tax of INR 785 Million.

The revenue distribution across business segments was: Data Center services (38%), Digital services (21%), and Network services (41%). The company expanded its infrastructure with 1,137 fiber nodes and 1,870 SDWAN service points nationwide.

Key financial metrics include: CAPEX of INR 12,745 Million, cash balance of INR 6,836 Million, and total borrowings of INR 35,541 Million. The company faced headwinds from depreciation, interest expenses, and rising manpower costs, while maintaining focus on cost efficiency and fiscal discipline.

Sify Technologies (NASDAQ: SIFY), India's leading Digital ICT solutions provider, has scheduled to release its unaudited IFRS financial results for the fiscal year 2024-25 (ended March 31, 2025) on April 18, 2025.

The company will host a conference call on April 21, 2025, at 8:30 AM ET, featuring Chairman Raju Vegesna and Executive Director & Group CFO M P Vijay Kumar. The call will be accessible via toll-free numbers in the U.S. and Canada (+1-888-506-0062) or internationally (+1-973-528-0011) with access code 680924.

A simultaneous webcast will be available on Sify's investor relations website. The conference call replay will be accessible until April 28, 2025.

Sify Technologies reported Q3 FY 2024-25 financial results with revenues of INR 10,491 Million, marking a 21% increase year-over-year. The company's EBITDA reached INR 1,914 Million, up 13% compared to the same quarter last year. However, Sify recorded a loss before tax of INR 119 Million and a loss after tax of INR 258 Million.

Capital expenditure during the quarter amounted to INR 3,343 Million. Management highlighted India's growing prominence in the global marketplace, citing liberal policies, supportive business environment, and skilled resources as key drivers. The company acknowledged that current results were impacted by depreciation, interest payments, and rising manpower costs.

Sify Technologies (NASDAQ: SIFY) has scheduled the release of its unaudited IFRS financial results for the Third Quarter ended December 31, 2024, on Friday, January 17, 2025, before market opening. The company will host a conference call at 8:30 AM ET featuring Chairman Raju Vegesna and Executive Director & Group CFO M P Vijay Kumar.

Participants can join via phone (+1-888-506-0062 for U.S./Canada toll-free, +1-973-528-0011 for International) or through live webcast at sifytechnologies.com/investors. A replay will be available until January 24, 2025, accessible by phone (+1-877-481-4010 U.S./Canada toll-free, +1-919-882-2331 International) using passcode 51869.

Sify Technologies (NASDAQ: SIFY) announced the inauguration of a new Data Center built for the Supreme Court of India on November 07, 2024. The facility was inaugurated by the 50th Chief Justice of India, Shri Dhananjaya Yeshwant Chandrachud, along with other Supreme Court justices.

The Smart-Rack-Row, Concurrently Maintainable Data Center represents the Supreme Court's latest initiative to modernize its operations and reduce dependency on legacy systems. This project aligns with the judiciary's broader digitalization efforts, marking a significant milestone in the Supreme Court's technological advancement.