Sify Technologie Stock Price, News & Analysis

Cyxtera (NASDAQ: CYXT) has partnered with Sify Technologies (NASDAQ: SIFY) to enhance colocation services in India, allowing Cyxtera to tap into one of the fastest-growing global economies. The partnership enables Sify to resell Cyxtera’s solutions across North America, Europe, and Asia Pacific to over 10,000 customers. Cyxtera will now provide services in five additional Indian markets, including Mumbai and Kolkata, while Sify aims to offer proven infrastructure solutions to its clientele. This collaboration seeks to bolster both companies' growth in the competitive digital landscape.

Cyxtera (NASDAQ: CYXT) reported Q1 2022 financial results, showcasing a total revenue increase of $9.5 million (5.5% year-over-year) to $182.4 million. Recurring revenue hit $173.7 million, with core revenue rising to $165.9 million. The net loss was $40.9 million, but Transaction Adjusted EBITDA grew by $2.5 million (4.5%) to $58.6 million. The company maintains a stable average monthly core churn of 1.0% and a 70.5% occupancy rate. Cyxtera reaffirmed its 2022 guidance, projecting revenue between $730 million and $760 million, along with plans for expansion in India through a partnership with Sify Technologies.

Sify reported revenues of INR 27,026 Million, marking an 11% increase year-over-year. EBITDA rose 19% to INR 6,034 Million, while profit before tax increased by 15% to INR 1,846 Million. However, profit after tax fell 12% to INR 1,353 Million, largely due to a previous year's deferred tax asset recognition of INR 600 Million. The company made significant CAPEX investments totaling INR 7,144 Million and emphasized growth in Data Center and Network services, with a 35% growth in colocation services.

Sify Technologies Limited (NASDAQ: SIFY) will announce its unaudited IFRS financial results for the fiscal year ending March 31, 2022, on April 18, 2022, before market open. A conference call will follow at 8:30 AM ET, featuring key executives including Chairman Mr. Raju Vegesna and CEO Mr. Kamal Nath. Interested participants can dial in or listen via a live webcast. Sify serves over 10,000 businesses across diverse sectors from locations in India and internationally, focusing on cloud-based solutions to meet the evolving needs of the digital economy.

Sify Technologies Limited (NASDAQ: SIFY) has announced a significant partnership with Vibrant Energy, a subsidiary of Macquarie’s Green Investment Group, to enhance its renewable energy capacity. The partnership involves power purchase agreements (PPAs) for 231MW of solar and wind energy, aiming to minimize reliance on fossil fuels and reduce carbon emissions in Sify's data centers. This initiative will enable Sify to power its flagship centers in Mumbai predominantly with renewable energy. The company's leadership emphasized the importance of transitioning to green energy in supporting India's decarbonization efforts.

Sify Technologies reported Q3 FY 2021-22 revenues of INR 6783 million, up 8% year-over-year. EBITDA rose 22% to INR 1574 million. Profit before tax reached INR 477 million, a 19% increase, while profit after tax soared 36% to INR 344 million. The company is expanding its data center capacity with a committed capital of INR 9900 million. Despite strong growth in data center colocation services (+44%), digital services revenue fell by 18%. Cash balance at the end of the quarter was INR 2381 million.

Sify Technologies Limited (NASDAQ: SIFY), a leading digital ICT solutions provider in India, will announce its Q3 2021 financial results on January 24, 2022, before market opening. The announcement will be followed by a conference call at 8:30 AM ET, featuring key executives including CEO Kamal Nath. Interested participants can join via phone or through a live broadcast on the company’s investor website. This event marks a significant opportunity for stakeholders to gauge Sify's performance amidst the evolving digital economy.

Kotak Special Situations Fund (KSSF) has announced an investment of up to INR 1,000 crore (USD 135 million) in Sify Infinit Spaces Limited (SISL), a subsidiary of Sify Technologies. The investment will be made via Compulsorily Convertible Debentures, converting to equity based on SISL’s performance. Funds will support the development of new data centers across major Indian cities and meet renewable energy needs, totaling a potential investment of INR 4,000 crore (USD 530 million). Sify's management expressed confidence in India's data center sector, driven by cloud adoption and digital transformation.