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Sify Technologies to announce Financial Results for FY 2024-25 on April 18, 2025
Globenewswire· 2025-04-11 13:26
Group 1 - Sify Technologies Limited will report its unaudited IFRS financial results for the full year ended March 31, 2025, on April 18, 2025 [1] - A conference call will be hosted on April 21, 2025, at 8:30 AM ET, featuring Mr. Raju Vegesna and Mr. M P Vijay Kumar [2] - The conference call will be accessible via phone and will also be broadcast live on the internet [2][3] Group 2 - Sify Technologies is recognized for its corporate governance, having won multiple Golden Peacock Awards [5] - The company focuses on the changing ICT requirements of the emerging digital economy, catering to businesses of all sizes [5][6] - Sify's infrastructure includes state-of-the-art Data Centers and the largest MPLS network, making it a preferred choice for various enterprises [6][7] Group 3 - More than 10,000 businesses across multiple verticals utilize Sify's services, operating seamlessly from over 1,700 cities in India [7] - Sify has an international presence in North America, the United Kingdom, and Singapore [7]
Sify(SIFY) - 2025 Q3 - Earnings Call Transcript
2025-01-17 14:56
Financial Data and Key Metrics Changes - Revenue for Q3 FY 2024-2025 was INR 10,491 million, representing a 21% increase year-over-year [17] - EBITDA was INR 1,914 million, an increase of 13% compared to the same quarter last year [17] - Loss before tax was INR 119 million, and loss after tax was INR 258 million [18] - Capital expenditure during the quarter was INR 3,343 million, with a cash balance of INR 5,327 million at the end of the quarter [18] Business Line Data and Key Metrics Changes - Revenue split for the quarter: Network Infrastructure Services 41%, Data Center Colocation Services 36%, and Digital Services 23% [15] - Sify commissioned an additional five-megawatt of data center capacity during the quarter [16] - The company has deployed 9,473 units of contracted SDWAN service points, a 14% increase year-over-year [16] Market Data and Key Metrics Changes - The company operates 1,109 fiber nodes across India, marking a 14% increase from the same quarter last year [16] - The demand for GPU as a service is emerging, particularly in the BFSI and manufacturing sectors, although the market is still in a nascent stage [22] Company Strategy and Development Direction - Sify is focusing on cost efficiency and fiscal discipline while investing in capabilities for AI opportunities [12][13] - The company aims to reposition itself to cater to AI workloads, anticipating a new set of enterprise players seeking mature network, data center, and digital services [19] - Sify is adopting IFRS 18 for financial reporting to maintain clarity and consistency [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of India's growing role in the global marketplace and its potential as an AI test bed [10] - The company is optimistic about future growth driven by digitalization and AI workloads, which will require substantial network capacity [34] Other Important Information - The December 2023 numbers were restated following the filing of an amended Form 20-F/A with the SEC [14] Q&A Session Summary Question: Can you provide more details about your GPU as a service offering? - The company is extending its existing cloud platform to support GPU services, with initial interest from enterprises in BFSI and manufacturing sectors [22] Question: Update on data center capacity and upcoming facilities? - Currently, Sify has 120-megawatt capacity, with 110-megawatt contracted. Two new facilities of 26-megawatt each are expected to go live soon [25][26] Question: Significant growth in SG&A, any one-time costs? - Current SG&A levels are expected to remain as the company strengthens its leadership team across businesses [28] Question: Digital Services posted a loss this quarter, what drove that? - The loss was attributed to a revenue mix change and investments in leadership for the business [30][31] Question: What is driving demand in network services? - Growth is driven by investments in wired line infrastructure over the past two years, supporting increased digitalization and AI workloads [34]
Sify reports Consolidated Financial Results for Q3 FY 2024-25
Globenewswire· 2025-01-17 12:34
Core Insights - The company reported revenues of INR 10,491 million, representing a 21% increase year-over-year, and an EBITDA of INR 1,914 million, which is a 13% increase compared to the same quarter last year. However, the company incurred a loss of INR 258 million for the period [7][11]. Financial Performance - Revenue for the quarter ended December 2024 was INR 10,491 million, up from INR 8,659 million in December 2023 [11]. - EBITDA for the same quarter was INR 1,914 million, compared to INR 1,689 million in the previous year [11]. - The company reported a loss before tax of INR 119 million and a loss after tax of INR 258 million [7][11]. - Capital expenditures (CAPEX) during the quarter amounted to INR 3,343 million [7]. Management Commentary - The Chairman highlighted India's growing importance in the global market due to liberal policies and a skilled workforce, positioning it as a key destination for international companies [4]. - The Executive Director and Group CFO emphasized a focus on cost efficiency and fiscal discipline, attributing current results to depreciation, interest payments, and rising manpower costs [5]. Business Highlights - The revenue split for the quarter was 36% from Data Center colocation services, 23% from Digital services, and 41% from Network services [10]. - Sify commissioned an additional 5MW of Data Center capacity during the quarter [10]. - The company has expanded its fiber nodes to 1,109, a 14% increase year-over-year, and deployed 9,473 contracted SDWAN service points [10]. Customer Engagements - Notable new contracts included various sectors such as Data Center Services, Digital services, and Network Services, with significant clients from banking, insurance, and government sectors [10]. - Sify delivered over 2 million online assessments in the quarter [10]. Segment Reporting - The revenue from Data Center Services was INR 4,274 million, Digital Services contributed INR 3,837 million, and Network Services accounted for INR 2,380 million [15]. - The segment results showed a profit of INR 388 million from Network Services, INR 1,740 million from Data Center Services, and a loss of INR 234 million from Digital Services [15]. Equity and Debt - As of December 31, 2024, the company's equity stood at INR 17,391 million, with long-term borrowings at INR 26,306 million and short-term borrowings at INR 7,326 million [16].
Sify(SIFY) - 2025 Q3 - Quarterly Report
2025-01-14 19:01
Tidel Park, Second Floor No. 4, Rajiv Gandhi Salai, Taramani Chennai 600 113, India (91) 44-2254-0770 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20F þ Form 40 F ¨ United States Securities and Exchange Commission Washington, DC 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the half-year ended September 30, 2024 Com ...
Sify Technologies to announce Financial Results for Third Quarter of FY 2024-25 on Friday, January 17, 2025
Globenewswire· 2025-01-10 13:44
Core Viewpoint - Sify Technologies Limited will report its unaudited IFRS financial results for the Third Quarter ended December 31, 2024, on January 17, 2025, before market opens [1] Group 1: Financial Reporting - The financial results announcement will be followed by a conference call at 8:30 AM ET with key executives [1] - Interested parties can participate in the conference call via specific dial-in numbers or through a live Internet broadcast [1] Group 2: Company Overview - Sify Technologies is recognized as India's leading ICT solutions provider, focusing on Data Center, Cloud, Networks, Security, and Digital services [1][3] - The company has received multiple Golden Peacock awards for Corporate Governance and is positioned to meet the evolving ICT needs of the digital economy [3] Group 3: Infrastructure and Reach - Sify operates over 10,000 businesses across various sectors, utilizing its Data Centers, Networks, and Security services [4] - The company has a significant presence in over 1,700 cities in India and internationally in North America, the United Kingdom, and Singapore [4]
Sify-built Data Center for the Supreme Court of India goes Live
GlobeNewswire News Room· 2024-12-05 12:56
Core Insights - Sify Technologies Limited has inaugurated a new Data Center for the Supreme Court of India, marking a significant step in the digital transformation of the judiciary [1][2][3] - The Data Center is designed to be a Smart-Rack-Row, Concurrently Maintainable facility, aimed at reducing reliance on outdated work methods [2] - The inauguration was attended by key judicial figures, including the Chief Justice of India, highlighting the importance of this initiative in supporting the country's digital ambitions [3] Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, with a focus on data centers, cloud services, networks, security, and digital services [1][5] - The company has received multiple Golden Peacock awards for Corporate Governance, underscoring its commitment to high standards in corporate practices [5] - Sify's infrastructure includes state-of-the-art Data Centers and the largest MPLS network in India, making it a preferred choice for businesses of all sizes [6] Market Presence - Sify serves over 10,000 businesses across various sectors, providing seamless operations from more than 1,700 cities in India [7] - The company also has an international presence in North America, the United Kingdom, and Singapore, indicating its global reach and capability [7]
Sify reports Consolidated Financial Results for Q2 FY 2024-25
GlobeNewswire News Room· 2024-10-22 11:39
Revenues of INR 10275 Million. EBITDA of INR 1963 Million. Profit for the period INR 49 Million. CHENNAI, India, Oct. 22, 2024 (GLOBE NEWSWIRE) -- EARNINGS CALL DETAILS  October, 22, 2024 | 8:30 AM ET Participant Dial in: To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) | Access Code: 407924  On the call: Mr. Raju Vegesna, Chairman of the Board, Mr. M P Vijay Kumar, Executive Director & Group CFO and Mr. Kamal Nath, Chief Executive Officer Live webcast: https:// ...
Sify Technologies Ltd. Regains Compliance with Nasdaq Minimum Bid Price Requirement
GlobeNewswire News Room· 2024-10-21 14:26
CHENNAI, India, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Sify Technologies Ltd. (Nasdaq: Sify) (the “Company”), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, received a letter (the “Notification Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) on October 18, 2024, informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5 ...
Sify Technologies to announce Financial Results for Second Quarter FY 2024-25 on Tuesday, October 22, 2024
GlobeNewswire News Room· 2024-10-15 13:27
CHENNAI, India, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India's leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced that it will report its unaudited IFRS financial results for the Second quarter ended September 30, 2024 on Tuesday, October 22, 2024 before the market opens. Sify Technologies Limited Mr. Praveen Krishna Investor Relations & Public Relations +91 9840926 ...
Sify Infinit Spaces Limited's maiden Non-Convertible Debentures Fully Subscribed on Listing
GlobeNewswire News Room· 2024-10-09 14:55
CHENNAI, India, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Sify Infinit Spaces Limited, a wholly owned subsidiary of Nasdaq listed Sify Technologies Limited, today announced the listing of its first market offering in the form of Listed, Secured, Redeemable, Non-Convertible Debentures. The issue aggregating to INR 250,00,00,000 was fully subscribed. Sify Technologies Limited Mr. Praveen Krishna Investor Relations & Public Relations +91 9840926523 praveen.krishna@sifycorp.com 20:20 Media Nikhila Kesavan +91 984012403 ...