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.
The Sify Technologies Limited (NASDAQ: SIFY) news page on Stock Titan aggregates company announcements, earnings releases, and regulatory updates related to this India-focused ICT services provider. Sify’s disclosures emphasize its three core businesses: Network Services, Data Center Services and Digital Services, with cloud at the center of its solutions portfolio for enterprises and institutions.
Investors following SIFY news can review quarterly IFRS financial results, including revenue, EBITDA as a non-IFRS measure, and segment performance across network connectivity, data center colocation and digital/IT services. Earnings releases also include management commentary on India’s digital transformation, infrastructure investments, and the company’s capital allocation across data centers, networks and digital platforms.
Beyond financial results, Sify’s news flow covers customer engagements and contract wins across sectors such as financial services, payments, logistics, healthcare, manufacturing and government entities. Examples in recent updates include WAN and SD-WAN deployments, MPLS and cloud interconnects, data center migrations, disaster recovery projects, cloud implementations and managed security services.
News items also highlight developments at subsidiaries like Sify Infinit Spaces Limited, which focuses on data center colocation and has filed a draft red herring prospectus for a proposed IPO in India, and Sify Digital Services Limited, which handles digital and IT services. Board appointments, governance recognitions such as Golden Peacock awards, and SEC filings on topics like regained Nasdaq compliance and capital structure changes are also reflected.
By monitoring this page, readers can track how Sify’s network, data center and digital businesses evolve over time, how management frames the company’s role in India’s digital economy, and how corporate actions and regulatory disclosures may shape the SIFY investment narrative.
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.
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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.
Sify Technologies Limited reported revenues of INR 6986 million for Q2 FY 2021-22, marking an 18% increase year-over-year. EBITDA rose to INR 1477 million, up 24% compared to the prior year. Profit before tax was INR 461 million (11% increase), while profit after tax surged to INR 356 million, reflecting a 39% growth. CAPEX stood at INR 1497 million with a cash balance of INR 2820 million. The company is expanding its data center and network services amid a strong recovery in demand.
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