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.
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Sify Technologies reported significant financial results for the fiscal year 2022-23, with revenue reaching INR 33,404 million, reflecting a robust 24% year-on-year growth. However, profit metrics have shown a stark decline, with profit before tax falling by 45% to INR 1,021 million and profit after tax decreasing by 46% to INR 674 million. The company's EBITDA stood at INR 6,291 million, a modest rise of 4% from the previous year. Sify's CAPEX for the year was INR 13,221 million. Positive developments include a steady increase in service adoption across their three main business lines: Data Center, Network, and Digital Services, with the company focusing on investment in new capacities and skill enhancement.