Sify Technologies Ltd
NASDAQ:SIFY
Sify Technologies Ltd
Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. The company is headquartered in Chennai, Tamil Nadu. The Company’s segment includes Network-centric services and Data Center-centric information technology (IT) services. Its Network-centric services consists of domestic data, international data, wholesale voice and network managed services. Its Data Center-centric IT services include Data Center Services, which consists of co-location services; Cloud and Managed Services, which Consists of IT infra services, IT transformation services, remote and onsite infrastructure management services and delivery platforms; Applications Integration Services, which Consists of application development and maintenance, application testing, information security, mobility solutions, eLearning, portals, tools, process and automation, and Technology Integration Services, which Consists of data center build, network integration, end user computing and collaborative tools and solutions.
Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. The company is headquartered in Chennai, Tamil Nadu. The Company’s segment includes Network-centric services and Data Center-centric information technology (IT) services. Its Network-centric services consists of domestic data, international data, wholesale voice and network managed services. Its Data Center-centric IT services include Data Center Services, which consists of co-location services; Cloud and Managed Services, which Consists of IT infra services, IT transformation services, remote and onsite infrastructure management services and delivery platforms; Applications Integration Services, which Consists of application development and maintenance, application testing, information security, mobility solutions, eLearning, portals, tools, process and automation, and Technology Integration Services, which Consists of data center build, network integration, end user computing and collaborative tools and solutions.
Financial Growth: Sify reported Q3 revenue of INR 11,596 million, up 11% year-on-year, with EBITDA rising 29% over the same period.
Data Center Momentum: Sold 9.1 megawatts of data center co-location capacity in the quarter, with total sold capacity reaching 127 megawatts out of 130 megawatts ready for service.
Infinit Spaces IPO: The IPO process for Infinit Spaces is moving ahead, with regulatory approval expected this month and market listing to follow based on bankers' guidance.
Network Services Flat: Network segment revenue remained flat this quarter, due to price corrections and customer migration to newer technologies, though margins were protected.
Digital Services Loss: Digital Services continues to operate at a loss, with breakeven expected in the latter part of fiscal year 2026-27.
Strong CapEx: Capital expenditures for the quarter were INR 3,452 million, driven by new data center construction and technology upgrades.
Strategic Partnerships: Highlighted partnership with Google for new cable landing station and data center in Visakhapatnam, focusing on long-term strategic positioning rather than heavy upfront CapEx.
