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

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

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

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(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.)