Sify Technologie Stock Price, News & Analysis

Sify Technologies reported revenues of INR 8,896 Million for Q3 FY 2022-23, a 31% increase year-over-year. EBITDA reached INR 1,619 Million, up 3% from the previous year. However, profit before tax decreased 52% to INR 227 Million, and profit after tax fell 25% to INR 258 Million.

Capital expenditure during the quarter was INR 4,226 Million. Sify's Data Center and Digital services contributed significantly to revenue, with 35% from Digital services and 27% from Data Center services. Key customer contracts were secured, including significant engagements with banks and enterprises.

Sify Technologies Limited (NASDAQ: SIFY), a leading Digital ICT solutions provider in India, will announce its unaudited IFRS financial results for Q3 ended December 31, 2022, on January 25, 2023, before market opening. A conference call will be held on the same day at 8:30 AM ET, featuring key executives including the Chairman, Executive Director, and CEO. The call will be accessible via phone and live streaming on their investor website. Sify is recognized for its extensive ICT services, including data centers and cloud solutions, catering to over 10,000 businesses across India and internationally in North America, the UK, and Singapore.

Sify reported revenues of INR 7938 Million for Q2 FY 2022-23, marking a 14% increase year-over-year. EBITDA grew by 2% to INR 1509 Million. However, profit before tax fell by 52% to INR 220 Million, and profit after tax dropped by 69% to INR 112 Million. The company invested INR 2234 Million in CAPEX. Notably, Sify signed multiple significant contracts in Data Center and Digital services, while also expanding its network infrastructure.

Sify Technologies Limited (NASDAQ: SIFY), a leading Digital ICT solutions provider from India, announced it will report its unaudited IFRS financial results for the second quarter ended September 30, 2022, on October 21, 2022, before market opens. A conference call will be held at 8:30 AM ET featuring key executives. The company emphasizes its comprehensive ICT service portfolio, including state-of-the-art data centers and a broad network infrastructure across India and internationally.

Sify Technologies Limited (NASDAQ: SIFY) has announced a strategic partnership with Aquila Clouds to enhance its Cloudinfinit platform with FinOps capabilities. The addition of Cloudinfinit FinOps, powered by Aquila Clouds, aims to optimize cloud asset management and cost analysis. This partnership promises to expedite time-to-market and create significant value for customers, according to Sify's Head of Cloud Engineering. Aquila Clouds also supports Sify's billing operations through its BillOps platform, enhancing operational efficiency and customization.

Sify reported revenues of INR 7709 Million for Q1 FY 2022-23, marking a 20% increase year-over-year. EBITDA stood at INR 1525 Million, a 5% rise from the previous year. However, profit before tax dipped by 10% to INR 395 Million, and profit after tax fell 18% to INR 271 Million. Capital expenditures for the quarter were INR 2241 Million. The company continues to expand its data center and network services, emphasizing digital transformation and government policies supporting growth.

Sify Technologies Limited (NASDAQ: SIFY), a leading digital ICT solutions provider in India, will release its unaudited IFRS financial results for the first quarter ending June 30, 2022, on July 22, 2022, before the market opens. A conference call will be held at 8:30 AM ET, featuring key executives including Chairman Raju Vegesna. Investors can participate via phone or stream the event live on Sify’s investor relations website.

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.