Information and Communication Technology (ICT)

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Sify reports Consolidated Financial Results for Q1 FY 2025-26
Globenewswire· 2025-07-18 12:10
Core Insights - The company reported revenues of INR 10,723 million, reflecting a 14% increase year-over-year, and EBITDA of INR 2,111 million, an 18% increase compared to the same quarter last year [8][12] - The company experienced a loss for the period amounting to INR 389 million, with a loss before tax of INR 322 million [8][12] - The management emphasized India's potential in IT transformation and digital infrastructure, highlighting significant investments in technology and cloud adoption [4][5] Financial Performance - Revenue for the quarter was INR 10,723 million, up from INR 9,421 million in the same quarter last year [12] - EBITDA increased to INR 2,111 million from INR 1,784 million year-over-year [12] - The company incurred a loss after tax of INR 389 million, compared to a loss of INR 52 million in the same quarter last year [12][16] Business Highlights - The revenue split for the quarter was 41% from Network Services, 37% from Data Center Services, and 22% from Digital Services [11] - The company commissioned 8.6 MW of additional Data Center capacity during the quarter [11] - Sify has expanded its service network to 1,159 fibre nodes, a 10% increase from the same quarter last year [11] Management Commentary - The Chairman noted that India is poised to lead in digital transformation, driven by government initiatives and a vibrant innovation ecosystem [4][5] - The Group CFO reiterated the commitment to cost efficiency and fiscal discipline while navigating a complex business environment [6][7] Customer Engagements - Notable new contracts included services for a global IT leader, a large private bank, and various multinational companies across sectors such as healthcare, logistics, and financial services [10][11]
Sify Technologies Ltd. Regains Compliance with NASDAQ Listing Requirements
Globenewswire· 2025-07-10 15:16
Core Points - Sify Technologies Ltd. has regained compliance with Nasdaq's continued listing requirements regarding board composition and audit committee independence [1][3] - The company had previously been non-compliant due to the resignation of Dr. Ajay Kumar from the Board [2] - The appointment of Dr. Ram Sewak Sharma as an independent director and member of the Audit Committee has resolved the compliance issue [3] Company Overview - Sify Technologies is recognized for its corporate governance, having won the Golden Peacock award multiple times [4] - The company is a leading integrated ICT service and solution provider in India, focusing on the digital economy [4] - Sify's infrastructure includes advanced Data Centers and the largest MPLS network, catering to various business sizes [5] Market Presence - Sify serves over 10,000 businesses across multiple sectors, operating in more than 1,700 cities in India [6] - The company also has an international presence in North America, the UK, UAE, and Singapore [6]