Sify Technologies Reports Q3 Results with Revenue Growth but Registers Loss

Sify Technologies ( (SIFY) ) has issued an announcement.

On January 17, 2025, Sify Technologies announced its financial results for Q3 of fiscal year 2024-25, reporting a revenue of INR 10,491 million, marking a 21% increase compared to the same quarter last year. Despite the revenue growth, the company reported a loss of INR 258 million for the period, influenced by depreciation, interest payments, and manpower costs. The management highlighted their focus on cost efficiency and strategic investments to drive sustainable growth. Additionally, Sify expanded its data center capacity and engaged in numerous contracts across data center, digital, and network services, reinforcing its position in the IT services market.

More about Sify Technologies

Sify Technologies Limited is a company operating in the information technology sector, primarily focusing on data center colocation services, digital services, and network services. The company is headquartered in Chennai, India, and provides services such as cloud platforms, managed services, and security solutions, with a significant presence across India.

YTD Price Performance: 3.92%

Average Trading Volume: 100,089

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $97.17M

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