Sify Technologie Stock Price, News & Analysis

Sify Technologies Limited (NASDAQ: SIFY), based in Chennai, India, has received two prestigious awards at the Global HR Excellence Awards 2021: one for Talent Management and another for Excellence in Learning and Development. The awards recognize Sify's successes in adapting its hiring, training, and reskilling approaches during challenging times, particularly with the shift towards remote work. Chairman Raju Vegesna expressed pride in the team's ability to embrace change and enhance skills for future opportunities.

Sify Technologies Limited (NASDAQ: SIFY) announced that CEO Kamal Nath was awarded 'CEO of the Year' by The World Leadership Congress, recognizing his leadership during challenging times. This award highlights Nath's role in transforming Sify into a leading ICT solutions provider in India. Since joining in 2012, he has driven consistent revenue growth and established Sify as a preferred partner for enterprises and government sectors. The company continues to adapt to the evolving digital economy, leveraging its robust infrastructure and cloud capabilities.

Sify Technologies reported a revenue of INR 6301 million for the quarter, marking a 7% increase year-on-year. EBITDA rose by 17% to INR 1291 million, while profit before tax surged 61% to INR 400 million. Profit after tax also grew 54% to INR 252 million. The company maintained a robust cash balance of INR 4431 million. Prominent growth areas included Data Center-centric IT services, which grew 21%, driven by cloud adoption and digital transformation. Management expressed optimism about future demand aligned with emerging customer priorities.

Sify Technologies Limited (NASDAQ: SIFY), based in Chennai, announced it will disclose its unaudited IFRS financial results for Q3 2020 on January 28, 2021. The results will be shared before market hours, followed by a conference call at 8:30 AM ET featuring key executives. Interested parties can join the call via phone or through a live webcast. Sify is recognized as India's leading Digital ICT solutions provider, catering to over 10,000 businesses globally.

Sify Technologies reported a 2% revenue growth to INR 5899 Million for the quarter, with EBITDA increasing 12% to INR 1189 Million. Profit before tax rose 48% to INR 414 Million, while profit after tax saw a 35% increase to INR 257 Million. The company maintained a robust cash balance of INR 4242 Million at the end of the quarter. Management highlighted a shift towards hybrid IT models, driven by increased demand for digital transformation services amid the ongoing pandemic.

Sify Technologies Limited (NASDAQ: SIFY) will announce its unaudited IFRS financial results for Q2 2020 on October 23, 2020, before market opening. A conference call will be held at 8:30 AM ET with senior management, including the CEO and CFO. The call is accessible via phone or live stream on Sify's investor website. Sify is recognized as India's leading ICT solutions provider, catering to various sectors with its extensive network and data center capabilities.

Sify Technologies, a leading ICT solutions provider in India, will present its business to North American investors at the Sidoti & Company Fall 2020 Investor Conference on September 24, 2020, from 08:30 AM to 09:00 AM EDT. Investors can join the presentation via the Company’s website. Sify, headquartered in Chennai, focuses on cloud-based services to meet the changing demands of the digital economy, serving over 10,000 businesses across various sectors. With a robust MPLS network and multiple data centers, Sify also has an international presence in North America, the UK, and Singapore.

Sify Technologies Limited (NASDAQ: SIFY) announced the launch of Oracle Cloud Infrastructure FastConnect and Metro-XConnect services at its Rabale Data Center in Mumbai. These services offer secure connectivity and improved performance for Oracle Cloud customers in India. The collaboration enhances access to cloud applications and data with low latency and competitive pricing. With 53 data centers across India, Sify aims to facilitate hybrid multi-cloud environments, addressing enterprise security and cost management concerns.