CHENNAI, India, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Sify Digital Services Limited, the IT and Digital Solutions subsidiary of Nasdaq listed 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 Mr. Som Satsangi as an Independent Director on its Board. A technology veteran of more than 4 decades, Som, until recently, was responsible for le ...

Core Insights - Ericsson's stock has decreased by nearly 10% over the last five trading days despite a Q2 earnings report that exceeded expectations, attributed to macroeconomic concerns and cautious forecasts overshadowing margin improvements and a return to profitability [2][3] Financial Performance - The company reported an adjusted operating profit of SEK 7.0 billion (~$728 million), surpassing consensus estimates of SEK 6.1 billion, marking a recovery from a SEK 11.9 billion loss the previous year [3] - Gross margin increased to 47.5%, and EBITDA margin reached a three-year peak of 13.2%, indicating enhanced operational efficiency [3] - Revenue fell by 6% year-over-year to SEK 56.1 billion, impacted by a SEK 4.7 billion headwind from currency fluctuations, with organic growth limited to only 2% [4] Regional Performance - North America showed small gains, while significant declines were observed in India and Southeast Asia as telecom operators reduced expenditures following intense 5G rollouts [4] Market Challenges - Tariffs are squeezing margins despite efforts to localize production in the U.S., with management cautioning that these pressures could intensify [5] - Q3 forecasts fell short of expectations, with anticipated Networks sales expected to fall below seasonal patterns, while Cloud Software and Services are expected to keep pace with historical trends [5] Valuation Metrics - The stock is trading at a trailing P/E of approximately 14.5x, significantly lower than the S&P 500's 26.9x, and a forward P/E of 15–16x, marginally above its 10-year average of roughly 13x [6] - Price-to-sales ratio stands at 1.0x, aligning with its historical range, while price-to-free cash flow is merely 0.6 compared to 20.9 for the S&P 500 [6] Future Outlook - Sustained investor interest will likely depend on growth in underperforming regions, stabilization of tariff pressures, and margin enhancement beyond cost cuts [7]

Core Insights - Ericsson reported mixed second-quarter 2025 results, with adjusted earnings exceeding estimates while revenues fell short due to regional weaknesses [1][3][10] Financial Performance - Net income for Ericsson was SEK 4.6 billion ($476 million), a significant recovery from a loss of SEK 11 billion in the prior-year quarter, with adjusted earnings beating the Zacks Consensus Estimate [2][10] - Total revenues amounted to SEK 56.1 billion ($5.8 billion), down 6% year over year, and missed the Zacks Consensus Estimate of $5.94 billion, although organic sales improved by 2% [3][10] Segment Results - The Networks segment generated SEK 35.7 billion ($3.67 billion), a 5% decline from the previous year, missing revenue estimates of SEK 42 billion, but gross margin improved to 49.5% from 46.1% [4] - Cloud Software and Services revenues decreased by 5% year over year to SEK 14.4 billion ($1.49 billion), slightly below estimates, while gross margin improved to 43.2% from 37.2% [5] - The Enterprise segment reported SEK 5.5 billion ($569 million), down 14% from the prior year, but net sales exceeded estimates [6] Regional Performance - South-East Asia, Oceania, and India revenues fell to SEK 5.5 billion ($569 million) from SEK 7.7 billion, while North East Asia saw a 17% decline to SEK 3.8 billion ($393 million) [7] - Revenues from the Americas remained stable at SEK 19.8 billion ($2.04 billion), and Europe, Middle East, and Africa experienced a 6% decline to SEK 16.2 billion ($1.67 billion) [8] Other Financial Metrics - Gross income, excluding restructuring charges, improved to SEK 27 billion ($2.79 billion) from SEK 26.3 billion, with a gross margin of 48% compared to 43.9% in the previous year [11] - Cash generated from operating activities was SEK 4.2 billion ($434 million), with net cash of SEK 36.04 billion ($3.8 billion) as of June 30, 2025 [12] Outlook - For Q3 2025, revenues from Networks and Cloud Software and Services are expected to align with historical seasonality, with gross margin in the Networks segment projected between 48-50% [13]

Core Insights - Sify Technologies Limited has appointed Dr. Ram Sewak Sharma as a new Director on its Board, bringing extensive experience in ICT and administrative reforms [1][5]. Company Overview - Sify Technologies is recognized as India's leading Digital ICT solutions provider, offering services in Data Center, Cloud, Networks, Security, and Digital services [1][7]. - The company has received multiple Golden Peacock awards for Corporate Governance, highlighting its commitment to ethical business practices [7]. Leadership and Expertise - Dr. Sharma has over four decades of experience in the Indian Administrative Service and has played a significant role in shaping India's ICT policies [2][4]. - He was the founding Director General of the Unique Identification Authority of India (UIDAI), where he was instrumental in launching Aadhaar, the world's largest biometric identity system [3][4]. - His background includes leadership roles in the telecom industry, including Chairman of the Telecom Regulatory Authority of India (TRAI) [4]. Strategic Vision - The Chairman of Sify, Mr. Raju Vegesna, expressed confidence that Dr. Sharma's experience will be a valuable asset as the company aims to strengthen its leadership position across various business segments [5]. - Dr. Sharma emphasized the importance of technology as a catalyst for implementing large-scale social welfare measures, which aligns with Sify's mission to scale its services [6]. Market Presence - Sify serves over 10,000 businesses across various sectors, leveraging its infrastructure of state-of-the-art Data Centers and the largest MPLS network in India [8][9]. - The company has a significant international presence, operating in North America, the United Kingdom, UAE, and Singapore, catering to a diverse clientele [9].

Group 1 - Nokia Corporation's Annual General Meeting resolved that approximately 40% of the annual fee for Board members will be paid in Nokia shares [1] - Board member Pernille Erenbjerg received a share-based incentive of 17,840 shares at a unit price of 0.00 EUR on May 7, 2025 [2] - Nokia is a B2B technology innovation leader, focusing on creating networks that leverage mobile, fixed, and cloud technologies [3] Group 2 - Nokia's high-performance networks are designed with open architectures that integrate into various ecosystems, providing new monetization opportunities [4] - The company is trusted by service providers, enterprises, and partners globally to deliver secure, reliable, and sustainable networks [4]