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Sify Technologies Ltd. Announces Commencement of Rights Offering
Prnewswire· 2024-06-07 13:07
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 ...
Sify(SIFY) - 2024 Q4 - Annual Report
2024-05-07 17:50
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 ...
Sify(SIFY) - 2024 Q4 - Earnings Call Transcript
2024-04-22 13:50
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(SIFY) - 2024 Q3 - Earnings Call Transcript
2024-01-18 16:00
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 ...
Sify(SIFY) - 2024 Q2 - Quarterly Report
2023-11-20 11:15
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, 2023 Commission File Number 000-27663 SIFY TECHNOLOGIES LIMITED (Translation of registrant's name into English) 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 ...
Sify(SIFY) - 2024 Q2 - Earnings Call Transcript
2023-10-20 14:31
Sify Technologies Limited (NASDAQ:SIFY) Q2 2024 Earnings Conference Call October 20, 2023 8:30 AM ET Operator Praveen Krishna Thank you, Holly. Good morning, and I'd like to extend a warm welcome to all of our participants on behalf of Sify Technologies Limited. I'm joined on the call today by my Chairman, Raju Vegesna; my Executive Director and Group CFO, Mr. M. P. Vijay Kumar; and my CEO, Mr. Kamal Nath. Following our comments on the results, there will be an opportunity for questions. If you do not have ...
Sify(SIFY) - 2023 Q1 - Earnings Call Transcript
2023-07-20 17:30
Sify Technologies Limited (NASDAQ:SIFY) Q1 2023 Earnings Conference Call July 20, 2023 8:30 AM ET Conference Call Participants Greetings. Welcome to the Sify Technologies Financial Results for First Quarter and Fiscal Year 2023 to 2024. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded. Thank you, Holly. I'd like to extend a warm welcome to all our participants on ...
Sify(SIFY) - 2023 Q4 - Annual Report
2023-06-28 16:06
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, 2023. 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 ...
Sify(SIFY) - 2022 Q4 - Earnings Call Transcript
2023-04-24 14:02
Sify Technologies Limited (NASDAQ:SIFY) Q4 2022 Earnings Conference Call April 24, 2023 8:30 AM ET Company Participants Praveen Krishna - Investor Relations Raju Vegesna - Chairman Kamal Nath - Chief Executive Officer M. P. Vijay Kumar - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti & Company Operator Greetings and welcome to the Sify Technologies Financial Results for the Fiscal Year 2022 to 2023. At this time, all participants are in a listen-only mode and a question-and-answer ...
Sify(SIFY) - 2023 Q3 - Quarterly Report
2023-01-25 21:52
Exhibit 99.1 For immediate release Chennai, India EARNING CALLS DETAILS January 25, 2023| 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: 886459 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://www.webcaster4.com/Webcast/Page/2184/47468 Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) ...