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India's Sify Technologies Q2 revenue rises on data center growth

By Reuters News


Overview

  • India ICT infrastructure provider's Q2 revenue rose 31% yr/yr to INR 13,798 mln

  • Adjusted EBITDA for Q2 increased 33% yr/yr to INR 3,131 mln

  • Company cites investments in data centers and networks as key growth drivers


Outlook

  • Company did not provide specific financial guidance for the current or future periods


Result Drivers

  • DATA CENTER EXPANSION - Co said sustained investment in expanding data center capacity supported revenue growth

  • NETWORK INFRASTRUCTURE - Co attributed growth to ongoing modernization and rollout of network infrastructure, including new fiber nodes and corridors

  • AI AND CLOUD DEMAND - Co said rising demand for AI and cloud compute services contributed to new contracts and capacity deals


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 Revenue

INR 13.80 bln

Q2 Net Income

INR 40 mln


Analyst Coverage

  • Wall Street's median 12-month price target for Sify Technologies Ltd is $22.00, about 79.4% above its October 27 closing price of $12.26


Reuters Recommended Reads

  • Oct 26 - India's Tata Communications to spend $450 million on AI connectivity infrastructure

  • Oct 26 - Canada's Celestica Q3 revenue jumps 83% on higher customer demand, operating leverage; raises 2026 outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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