20:20 Media Nikhila Kesavan +91 9840124036 nikhila.kesavan@2020msl.com Weber Shandwick Lucia Domville +1-212 546-8260 LDomville@webershandwick.com The online archive of the Webcast will be available shortly after the conference call, or investors can listen to the replay by dialling +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International) and entering the replay passcode 50888. Please allow for some time post conference call to access the archive of the Webcast. The replay is ava ...

CHENNAI, India, July 08, 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 the appointment of Dr. Tom Bradicich as the incoming Director on the Board of Sify Technologies Limited. Dr. Bradicich previously served on several boards, including that of Aspen Technology (AZPN), a publicly traded industrial software company, and the ...

Dr. Bradicich previously served on several boards, including that of Aspen Technology (AZPN), a publicly traded industrial software company, and the Advisory Boards of SparkCognition, an AI software company and a social media and silicon chip start-up. He was three times named CRN's Top 100 Executives and Top 25 Disrupters, elected to the IBM Academy of Technology, honored as a Life Member of the IEEE, and inducted into the North Carolina State University Alumni Hall of Fame. Active in charity work, he serv ...

Dublin, June 24, 2024 (GLOBE NEWSWIRE) -- The "India Data Center Market - Investment Analysis & Growth Opportunities 2024-2029" report has been added to ResearchAndMarkets.com's offering. The India Data Center Market was valued at USD 6.90 Billion in 2023, and is expected to reach USD 13.96 Billion by 2029, rising at a CAGR of 12.46% This report analyses the market share of India's data center. It elaboratively analyses the existing and upcoming facilities and investments in IT, electrical, mechanical infra ...

Yahoo Finance Regulatory Filings Regulatory Filings Unfortunately, Interactive Brokers does not have ADS available for borrowing at this point, which is hardly a surprise, given the compelling arbitrage opportunity. Year-to-date, the company's ADS have mostly traded in a range between $1.20 and $1.40: As the rights offering does not change Sify's fundamentals and actually adds $30 million in new capital to the balance sheet, the following calculation is based on a targeted market capitalization of $270 mill ...

CHENNAI, India, June 7, 2024 /PRNewswire/ -- Sify Technologies Ltd. (Nasdaq: Sify) (the "Company"), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, today announced that it has provided notification to The Nasdaq Stock Market, Inc. ("NASDAQ") of its intent to delist the Company's ADS Rights (as defined below) from the NASDAQ Capital Market. Because the ADS Rights will expire by their terms on June 21, 2024, no arrangements for listing on another n ...

CHENNAI, India, June 7, 2024 /PRNewswire/ -- Sify Technologies Ltd. (Nasdaq: Sify) (the "Company"), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, today announced the commencement of its previously announced rights offering. The Company will disclose the final results of the rights offering promptly following the determination of the proration. If the rights offering is fully subscribed, the Company expects to receive gross proceeds of approxima ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 Or þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended March 31, 2024. Or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from __________ to ______ ¨ SHELL COMPANY PURSUANT TO SECTION 13 OR ...

Financial Data and Key Metrics Changes - Revenue for FY 2023-2024 was INR 35,634 million, an increase of 7% compared to the previous year [14] - EBITDA for the same period was INR 6,756 million, also reflecting a 7% increase year-over-year [14] - Profit before tax decreased by 77% to INR 232 million, while profit after tax saw a significant decline of 93% to INR 49 million [14] Business Line Data and Key Metrics Changes - Revenue from data center colocation services grew by 9% year-over-year [12] - Revenue from digital services decreased by 1% compared to the previous year [12] - Revenue from network-centric services increased by 10% over the last year [12] - The revenue split among business lines was 31% from data center colocation, 28% from digital services, and 41% from network services [12] Market Data and Key Metrics Changes - As of March 31, 2024, the company operated 1,033 fiber nodes, a 16% increase from the same quarter last year [13] - The company has deployed 7,835 contracted LDR and service points across the country [13] Company Strategy and Development Direction - The company is focused on expanding its data center presence and increasing capacity at existing facilities to meet demand [15] - There is a commitment to fortifying network infrastructure and cloud interconnectivity [15] - The company aims to enhance its workforce capabilities and competencies to drive innovation and efficiency [16] Management's Comments on Operating Environment and Future Outlook - The management highlighted the positive business environment in India, which is attracting international investments and partnerships [9] - The outlook for digital services is optimistic, with deeper customer engagements expected to yield results in the near future [25] - The company believes that AI and ML activities are significant demand drivers, independent of regulatory changes like the data privacy law [29] Other Important Information - The company has invested a cumulative total of $7.22 million in startups in Silicon Valley as part of its corporate venture capital initiative [13] - The cash balance at the end of the fiscal year was INR 5,835 million [16] Q&A Session Summary Question: Rationale behind the proposed rights offering - The rights offering aims to finance data center expansion and invest in digital services growth, engaging existing shareholders in the next growth phase [19] Question: Projected CapEx for the coming fiscal year - Projected CapEx will be similar to the last two years, averaging around INR 1,400 crores [20] Question: Data center roadmap and new facilities - Two greenfield projects are set to go live in Fiscal 2025, one in Noida and another in Chennai, with additional capacity planned for Mumbai [21][22] Question: Current operational status of Tower 5 in Mumbai - The Tower 5 facility has a total capacity of 38 megawatts, with nearly two-thirds expected to be occupied by the end of March 2025 [23] Question: Performance of network services in the last quarter - The network business showed organic growth, with continued investments planned for expanding network infrastructure [24] Question: Factors driving the decline in digital services - The decline was attributed to lower integration service projects, while cloud and network managed services continue to scale [26] Question: Status of the data privacy law - The data privacy law has been announced but is not yet effective; rules are expected to be issued after the new government is formed [28] Question: Impact of the data privacy law on business - The company believes that data center and network growth are driven more by AI and ML activities than by regulatory changes [29]

Sify Technologies Limited (NASDAQ:SIFY) Q3 2024 Earnings Call Transcript January 18, 2024 8:30 AM ET Company Participants Praveen Krishna - Head of Investor Relation Raju Vegesna - Chairman, CEO and MD Kamal Nath - Chief Executive Officer M. P. Vijay Kumar - Group CFO and Whole-Time Director Conference Call Participants Greg Burns - Sidoti & Company Operator Greetings. Welcome to the Sify Technologies Financial Results for Third Quarter Fiscal Year 2023 through 2024. At this time, all participants are in a ...