Latest news with #Sify
Time of India
10 hours ago
- Business
- Time of India
Sify Technologies appoints ex-TRAI chief RS Sharma to board of directors
NEW DELHI: ICT services provider Sify Technologies on Tuesday appointed RS Sharma , a former chairman of the Telecom Regulatory Authority of India (TRAI), to its board of directors. 'Sify Technologies Limited today announced the appointment of Dr. Ram Sewak Sharma as a new Director on the Board of Sify Technologies Limited,' the NASDAQ-listed firm said in an official statement. A 1978-batch Indian Administrative Service (IAS) officer of Jharkhand cadre, Sharma has service record of more than 40 years, leading reforms and leveraging IT to simplify administrative processes, contributing to shaping India's policies in Information and Communication Technologies (ICT). Sharma's extensive experience in the telecom industry dates back to his time as the chief of India's telecom regulator and as the secretary of the Department of Electronics and Information Technology (Ministry of Communications and Information Technology). As the founding director-general and mission director of the Unique Identification Authority of India ( UIDAI ), he helped formulate and launch Aadhaar , India's first and the world's largest biometric identity system. Sharma holds a master's degree in mathematics from the Indian Institute of Technology (IIT), Kanpur, a master's in computer science from the University of California, Riverside, and a PhD from IIT, Delhi. 'We are pleased to welcome Dr. Sharma to our Board. As Sify scales, Dr. Sharma's experience and ringside view of technology-enabled operations are valuable strengths from which Sify can gain. Sify will bank heavily on his mentorship as it strives to establish a leadership position across all its businesses,' said Raju Vegesna, chairman, Sify Technologies. Sify is a digital ICT solutions provider with global service capabilities spanning data center, cloud, networks, security and digital services. 'I am happy to join the Board of Sify Technologies. In my professional ascent, I have always viewed technology as an enabler and catalyst for the large-scale implementation of social welfare measures. It is this experience that can help scale Sify's services,' Sharma said.
Yahoo
a day ago
- Business
- Yahoo
Sify Technologies announces the appointment of Dr. Ram Sewak Sharma as Director on the Board
CHENNAI, India, June 24, 2025 (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. Ram Sewak Sharma as a new Director on the Board of Sify Technologies Limited. A member of the Indian Administrative Service (IAS 1978, Jharkhand cadre), Dr. Sharma has had a distinguished service record of more than four decades, leading reforms and leveraging IT to simplify administrative processes, thus, contributing to shaping India's policies in Information and Communication Technologies (ICTs). As the founding Director General and Mission Director of the Unique Identification Authority of India (UIDAI), Dr. Sharma helped formulate and launch Aadhaar, India's first and the world's largest biometric identity system, an experience that eventual found expression in a process biography- 'Making of Aadhaar: World's largest Identity Platform'. Dr. Sharma's extensive experience in the telecom industry dates back to his time as the Chairman of the Telecom Regulatory Authority of India (TRAI) and as the Secretary of the Department of Electronics and Information Technology (Ministry of Communications and Information Technology). Dr. Sharma holds a master's degree in mathematics from the Indian Institute of Technology (IIT), Kanpur, a master's in computer science from University of California, Riverside, and a PhD from IIT, Delhi. Welcoming him on board, Mr. Raju Vegesna, Chairman, said, 'We are pleased to welcome Dr. Sharma to our Board. As Sify scales, Dr. Sharma's experience and ringside view of technology-enabled operations are valuable strengths from which Sify can gain. Sify will bank heavily on his mentorship as it strives to establish a leadership position across all its businesses'. Dr. Sharma said, 'I am happy to join the Board of Sify Technologies. In my professional ascent, I have always viewed technology as an enabler and catalyst for large scale implementation of social welfare measures. It is this experience that can help scale Sify's services'. About Sify Technologies A multiple year winner of the Golden Peacock award for Corporate Governance from the Institute of Directors, Sify Technologies is India's most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, medium and small businesses. Sify's infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp. More than 10,000 businesses across multiple verticals have taken advantage of our trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1,600 cities in India. Internationally, Sify has presence across North America, the United Kingdom, UAE and Singapore. Sify, Sify Technologies and are registered trademarks of Sify Technologies Limited. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption 'Risk Factors' in the company's Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at and Sify's other reports filed with the SEC. For further information, please contact: Sify Technologies LimitedMr. Praveen KrishnaInvestor Relations & Public Relations+91 20:20 Media Nikhila Kesavan+91 Weber ShandwickLucia Domville+1-212 546-8260LDomville@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Sify announces Pay-Per-Use Colocation Pricing at all NVIDIA-certified AI-Ready Hyperscale Data Center Campuses across India
CHENNAI, India, May 20, 2025 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India's leading Digital ICT solutions provider, announced the launch of its unique Pay-per-use model to support the burgeoning requirements for AI Cloud Services. This follows the recent expansion of Sify's portfolio of DGX-Ready Data Centers, certified for up to 130 KW/rack capacity under NVIDIA's DGX-Ready Data Center program – Sify's latest hyperscale data centers in Chennai and Noida have now been certified by NVIDIA, joining Sify's Navi Mumbai data center which was certified in 2024. Sify will offer this innovative, colocation pricing program at all three of these campus locations. The hourly pricing model is inclusive of hosting, power and infrastructure costs. By pricing its services on an hourly basis, Sify is removing the entry-cost barrier and fixed-cost infrastructure risk, enabling its GPU Cloud partners to set up and respond quickly to the growing AI market. Sify's converged ICT ecosystem will also offer an extensive array of services like Global connectivity, White Glove IT infrastructure and Managed Services. Initially, Sify will support the NVIDIA H100, H200, B200, GB200 NVL72, and GB300 NVL72 platforms, including liquid-cooled variants. Speaking on this market disruption, Sharad Agarwal, CEO, Sify Infinit Spaces Limited, the data center subsidiary of Sify Technologies Limited, said 'By investing ahead in state-of-the-art infrastructure, Sify already has the most extensive footprint of NVIDIA-certified data centers and a network connectivity with the lowest latency to hyperscale clouds. Now, by introducing colocation pricing on an hourly basis, we aim to make it much faster and easier to deploy these platforms in India to support on-demand applications. Sify's colocation partners can bring the latest NVIDIA GPUs to India, while Sify will manage all of the local infrastructure to support this dynamic and rapidly evolving market.' 'India is rapidly emerging as a pivotal player in the global AI race, with its deep talent pool, cost advantages, and rapidly advancing digital infrastructure. Sify's pay-per-use colocation model, built on NVIDIA-certified platforms, is a timely innovation that removes traditional barriers to AI adoption. By enabling global enterprises to tap into India's AI capabilities through scalable, high-performance infrastructure, Sify is well positioned to support domestic innovation and position India as a global hub for AI workloads and transformation,' quoted Rajiv Ranjan, Associate Research Director, IDC Asia Pacific. About Sify Technologies A multiple times award winner of the Golden Peacock from the Institute of Directors for Corporate Governance, Sify Technologies is India's most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. Sify's infrastructure, comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp. More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, Sify Technologies and are registered trademarks of Sify Technologies Limited. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption 'Risk Factors' in the company's Annual Report on Form 20-F/A for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at and Sify's other reports filed with the SEC. For further information, please contact: Sify Technologies LimitedPraveen KrishnaInvestor Relations & Public Relations+91 20:20 Media Nikhila Kesavan+91 Weber ShandwickLucia Domville+1-212 546-8260LDomville@
Yahoo
01-05-2025
- Business
- Yahoo
Why Sify Technologies Ltd (SIFY) is Surging in 2025
We recently published a list of . In this article, we are going to take a look at where Sify Technologies Ltd (NASDAQ:SIFY) stands against other communication services stocks that are up the most so far in 2025. The communication services sector has been one of Wall Street's most dynamic performers so far this year. The sector has a lot of breadth and encompasses everything from traditional telecom giants to digital advertising platforms and streaming entertainment providers, so the sector hardly moves in tandem. What makes this sector particularly intriguing is how different subsegments are thriving for entirely different reasons. Tech-oriented communication stocks have capitalized on AI, whereas telecom stalwarts have found strength through 5G network expansion, which is finally becoming the dominant communication standard this year. Understanding these market leaders provides both defensive positioning opportunities and exposure to some of the most innovative companies. Even during bear markets, there are pockets of the market that perform exceptionally well. For example, I identified in another article. For this article, I screened the best-performing communication services stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A high-tech telecommunications equipment site with cutting-edge antennas and satellite dishes. Number of Hedge Fund Holders In Q4 2024: 1 Sify Technologies Ltd (NASDAQ:SIFY) is India's largest integrated ICT service and solution provider, delivering cloud, data center, network, and digital services to enterprises across India and internationally. The stock's rise in 2025 has been primarily driven by strong revenue growth and aggressive infrastructure expansion. On April 21, 2025, Sify reported a 12% year-over-year revenue increase to INR39,886 million and a similar rise in EBITDA, despite posting a net loss of INR785 million due to heavy capital expenditures aimed at scaling up data center and network capacity. The company launched two new data centers in Delhi and Chennai and expanded its fiber network by 10%, bringing its total to 1,137 nodes nationwide. Demand from international hyperscalers for Sify's data center services remains robust, while Indian enterprise adoption is still emerging. Management's guidance for the next two years forecasts average annual revenue growth of 26%. SIFY stock is up 53.50% year-to-date. Overall, SIFY ranks 9th on our list of communication services stocks that are up the most so far in 2025. While we acknowledge the potential of SIFY, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SIFY but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
18-04-2025
- Business
- Yahoo
Sify reports Consolidated Financial Results for FY 2024-25
Revenues of INR 39886 Million. EBITDA of INR 7562 Million. Loss for the Year was INR 785 Million. CHENNAI, India, April 18, 2025 (GLOBE NEWSWIRE) -- EARNING CALLS DETAILS Event time: Monday, April 21, 2025 - 8:30 AM Eastern Time To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International). Access code: 680924 On the call: Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO Live webcast: Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International). Replay passcode 52330. Replay is available until April 21, 2026. HIGHLIGHTS Revenue for the year was INR 39886 Million, an increase of 12% over last year. EBITDA was INR 7562 Million, an increase of 12% over last year. Loss before tax was INR 286 Million. Loss after tax was INR 785 Million. CAPEX for the year was INR 12745 Million. MANAGEMENT COMMENTARY Mr. Raju Vegesna, Chairman, said, 'India's emergence as a global growth hub is no longer a forecast. It is a present-day reality. India is set to become the third-largest economy by 2030-31 with projected annual growth of 6.7%, according to S&P Global. This growth is underpinned by liberal economic reforms, a vibrant startup ecosystem, and a demographic dividend. With over 1.2 billion mobile phone users and the second-largest internet user base globally, India is now a important test-bed for emerging technologies such as AI, 5G, and cloud computing. Government initiatives like 'Digital India' and 'Startup India' have further accelerated tech innovation, with India now home to over 100 unicorns. For global enterprises, the convergence of policy support, digital infrastructure, and deep talent positions India as a growth opportunity that is both immediate and immense.' Mr. M P Vijay Kumar, ED & Group CFO, said, 'We remain committed to cost efficiency and fiscal discipline, aligning our financial strategies with long-term value creation across all our businesses. While we plan essential investments for future readiness, our current results face multiple headwinds of depreciation, interest expenses, and rising manpower costs. Our approach remains to invest to build resilience, enhance operational agility, and capture emerging opportunities. The income tax expense includes tax, both current and deferred tax, of Rs.539 Million on profit of its data center subsidiary. The cash balance at the end of the year was INR 6836 Million.' BUSINESS HIGHLIGHTS The Revenue split between the businesses for the year was Data Center services 38%, Digital services 21% and Network services 41%. As of March 31, 2025, Sify provides services via 1137 fiber nodes across the country, a 10% increase over last year. As of March 31, 2025, Sify has deployed 1870 contracted SDWAN service points across the country. CUSTOMER ENGAGEMENTS Among the largest new contracts for the year were the following: Data Center Services One of India's earliest Security SaaS companies migrated from a competitor' data center to Sify Data Center. One of the largest private banks in India nearly doubled their capacity for DR. One of the largest Public Sector lenders in India has signed up for significant capacity in our latest hyperscale data center campus in the west. Digital services One of the largest private networks, the largest English media publishing group, an upcoming IT major and an MNC into heavy engineering signed up to migrate from their on-premise data center to multiple Cloud platforms. The largest housing lender, the largest NBFC, a joint venture steel making major and private capital advisor signed up for Greenfield cloud implementation. A subsidiary of an automobile major, a heavy engineering group, the largest MNC in India and a performance materials and specialty chemicals manufacturer signed up for services like DRaaS, PaaS and IaaS. The largest insurance player and the National insurance regulator signed up for Private Cloud commissioning at their data center. Multiple banks, a MNC in steel manufacturing, an NBFC and a retail major signed up for Managed services. Three of the largest banks and a paint manufacturing major were the largest signups for Security services, including building their Security Operations Center. Network Services A Public Sector insurance major signed up for a full suite of Network connectivity services including SD-WAN services across 3500 locations. A major ITeS player signed up for security services for their entire rooster of clients. An upcoming regional player and a ITeS MNC signed up for Managed services for their clients in western and eastern India. A co-operative bank signed a multi-year deal for on-site NOC support services. The largest Indian clearing house for foreign currency settlement signed up for two different services in two regions. One of the largest vendors operating the ID authentication for India's airport regulatory authority signed up for SD-WAN at multiple airports. FINANCIAL HIGHLIGHTS Unaudited Consolidated Income Statement as per IFRS (in INR Millions) Description Quarter ended Quarter ended Year ended Year ended March 2025 March 2024 March 2025 March 2024 (restated) (restated) Revenue 9,699 9,637 39,886 35,634 Cost of Sales (5,869 ) (6,108 ) (24,917 ) (22,378 ) Gross Profit 3,830 3,529 14,969 13,256 Other Operating Income 76 183 363 378 Selling, General and Administrative Expenses (1,977 ) (1,700 ) (7,442 ) (6,462 ) Depreciation and Amortisation expense (1,558 ) (1,259 ) (5,633 ) (4,773 ) Operating Profit 371 753 2,257 2,399 Investment Income 76 25 188 156 Profit before financing and income taxes 447 778 2,445 2,555 Finance income - - 13 - Interest expenses on borrowings and lease liabilities (762 ) (590 ) (2,742 ) (2,202 ) Interest expenses on pension liabilities - (1 ) (2 ) (2 ) Profit/(Loss) before income taxes (315 ) 187 (286 ) 351 Income Tax Expense (263 ) (98 ) (499 ) (183 ) Profit/(Loss) for the period (578 ) 89 (785 ) 168 Profit attributable to: Reconciliation with Non-GAAP measure Profit/(Loss) for the period (578 ) 89 (785 ) 168 Add: Depreciation and Amortisation expense 1,558 1,259 5,633 4,773 Net Finance Expenses 630 497 2,294 1,816 Current Tax 189 158 699 515 Deferred Tax 74 - - - Less: Deferred Tax - (60 ) (200 ) (332 ) Other Income (including exchange gain/loss) 28 (118 ) (79 ) (184 ) EBITDA 1,901 1,825 7,562 6,756 Management-defined Performance Measures (MPMs) Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities. Management believes adjusting operating profit for these items provides comprehensive information of the company's operating performance. Reconciliation with Management-defined Performance Measures: (In INR millions) Description Quarter ended Quarter ended Year ended Year ended March 2025 March 2024 March 2025 March 2024 (restated) (restated) Operating Profit 371 753 2,257 2,399 Add: Depreciation and Amortisation expense 1,558 1,259 5,633 4,773 Less: Interest expenses on pension liabilities - (1 ) (2 ) (2 ) Other Income (including exchange gain/loss) (28 ) (186 ) (326 ) (414 ) EBITDA 1,901 1,825 7,562 6,756 Segment Reporting:(In INR millions) Particulars 2024-25 2023-24 (restated) Network Services (A) Data center Services (B) Digital Services (C) Total (D=A+B+C) Network Services (A) Data center Services (B) Digital Services (C) Total (D=A+B+C) Revenue External customers Revenue 15,781 14,196 9,909 39,886 14,661 11,054 9,919 35,634 Intersegment Revenue - 88 222 310 - 88 222 310 Operating expenses (13,920 ) (7,769 ) (10,612 ) (32,301 ) (12,319 ) (6,425 ) (10,105 ) (28,849 ) Intersegment expenses (252 ) - (58 ) (310 ) (252 ) (58 ) (310 ) Segment Result 1,609 6,515 -539 7,585 2,090 4,717 -22 6,785 Unallocated Expense (Support Service Unit Costs) (58 ) 8 Depreciation & Amortisation (5,633 ) (4,773 ) Other income / (expense), net 552 535 Finance Income 12 - Finance Expense (2,744 ) (2,204 ) Profit / (loss) before tax (286 ) 351 Income taxes (expense)/ benefit (499 ) (183 ) Profit / (loss) for the year (785 ) 168 Equity and Debt: (In INR millions) 31.03.2025 31.03.2024 EQUITY 16,725 15,349 BORROWINGS Long term 28,237 23,350 Short term 7,304 7,152 Less: Cash Balance 6,836 5,835 Net Debt 468 1,317 About Sify Technologies A multiple times award winner of the Golden Peacock from the Institute of Directors for Corporate Governance, Sify Technologies is India's most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. Sify's infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp. More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, Sify Technologies and are registered trademarks of Sify Technologies Limited. Non-IFRS Measures This press release contains a financial measure not prepared in accordance with IFRS. In particular, EBITDA is referred to as 'non-IFRS' measure. The non-IFRS financial measure we use may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies - refer to the reconciliation provided in the table labelled Financial Highlights for more information. In addition, these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated in accordance with IFRS, and our financial results calculated in accordance with IFRS and reconciliation to those financial statements should be carefully evaluated. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption 'Risk Factors' in the company's Annual Report on Form 20-F/A for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at and Sify's other reports filed with the SEC. For further information, please contact: Sify Technologies LimitedMr. Praveen KrishnaInvestor Relations & Public Relations+91 20:20 Media Nikhila Kesavan+91 Weber ShandwickLucia Domville+1-212 546-8260LDomville@ in to access your portfolio
