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.
Sify Technologies Limited (NASDAQ: SIFY) serves as a leading integrated ICT solutions provider, delivering network connectivity, data center infrastructure, and digital transformation services across India and global markets. This news hub provides investors and business stakeholders with timely updates on corporate developments directly impacting Sify's market position and operational strategy.
Access comprehensive coverage of earnings announcements, strategic partnerships, technology deployments, and leadership updates. Our curated news collection simplifies tracking Sify's progress in key focus areas including enterprise cloud services, managed network solutions, and cybersecurity innovations.
Key content categories include quarterly results analysis, major contract awards, infrastructure expansion announcements, and regulatory filings. All materials are sourced from official company communications and verified financial channels to ensure reliability.
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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.
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.
Sify Technologies Limited (NASDAQ: SIFY) will release its unaudited IFRS financial results for Q2 on October 29, 2021, before market opening. A conference call featuring key executives will take place at 8:30 AM ET, where stakeholders can dial in or join online. Sify Technologies is a leading ICT solutions provider in India, offering services like Data Center, Cloud, and Security across various sectors. The company's infrastructure and global partnerships enable it to cater to over 10,000 businesses, facilitating operations across 1,600 cities in India and internationally.
Sify Technologies Limited (NASDAQ: SIFY) marks the 21st anniversary of its Vashi Data Center, India's first commercial facility. Established in 2000, Sify now operates 10 data centers, with plans to expand its capacity by 200 MW over the next four years. The company emphasizes its pioneering role in the data center business in India and its capability to support digital transformation through advanced solutions. Key features include strong connectivity, high uptime, and earthquake-resistant infrastructure, catering to over 10,000 businesses nationwide.
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