IT services company Sify Technologies is bullish on the cloud services business and aims to clock revenue of Rs 3,500 crore in the current fiscal, a senior official of the company said on Saturday. Sify Technologies CEO Kamal Nath said that the company is expanding its data centre footprint and partnered with Hewlett Packard Enterprise for implementing its Greenlake technology to provide cost efficiency as well as predictability in the cost of cloud computing requirements of business organisations. Nath said that the company is seeing huge opportunities in the adoption of the hybrid cloud business. "Hybrid cloud promotes our data centre business, network business. It promotes all our business. We are already at a run rate of Rs 3,000 crore. We are eyeing Rs 3,500 crore (this fiscal)," Nath said on the sidelines of the CIO and Leader Conference here. The company had revenue of Rs 2,702.6 crore in 2021-22. In the first quarter ended June 30, 2022, the company''s revenue grew 19.5 per
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IT services company Sify Technologies is bullish on the cloud services business and aims to clock revenue of Rs 3,500 crore in the current fiscal, a senior official of the company said on Saturday. Sify Technologies CEO Kamal Nath said that the company is expanding its data centre footprint and partnered with Hewlett Packard Enterprise […] Sify aims Rs 3,500 cr revenue this fiscal, bullish on cloud services | Business
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Sify Technologies Limited (NASDAQ:NASDAQ:SIFY) Q1 2023 Earnings Conference Call June 22, 2022, 08:30 AM ET Company Participants Praveen Krishna - IR & Public Relations Kamal Nath - CEO M.
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Sify Technologies Limited (NASDAQ: SIFY ) reported first-quarter FY23 revenue growth of 20% year-on-year to INR7.71 billion. The costs rose 26% Y/Y to INR4.91 billion. Profit after tax for the quarter decreased 18% Y/Y to INR271 million. EBITDA improved … Full story available on Benzinga.com
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CHENNAI, India, July 15, 2022 (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 that it will report its unaudited IFRS financial results for the First quarter ended June 30, 2022 on Friday, on July 22, 2022 before the market opens.
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Cyxtera (CYXT) said Thursday it will offer colocation solutions in India through a partnership with Sify Technologies (SIFY).CYXT can now provide colocation services to customers in…
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Sify Technologies Limited (NASDAQ:NASDAQ:SIFY) Q4 2022 Earnings Conference Call April 18, 2022 08:30 ET CompanyParticipants Praveen Krishna - Investor Relations & Public Relations Kamal…
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Chennai, Tamil Nadu, June 30, 2021 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), Indias most comprehensive ICT solutions provider today announced that the Coffee Table book produced to commemorate their 20 th year of listing on Nasdaq has won the Gold at the Asia Pacific Stevie awards 2021.
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Andrie fires SA Women Emerging side to win over Zimbabwe Sify
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Related Stocks: SIFY ,
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The revenue of Sify increased by 19.5 per cent to Rs 686 crore during the quarter under consideration from Rs 573.6 crore in the corresponding period of the previous financial year.
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Sify Technologies Ltd (NASDAQ: SIFY ) reported fourth-quarter FY21 revenue growth of 19.6% year-on-year to INR6.9 billion. Revenue from Data Center centric IT Services rose 22% Y/Y. Segment-wise, revenue from Data Center Services rose 45%, Cloud and Managed Services rose 21%, and Technology Integration Services rose … Full story available on Benzinga.com
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E-commerce major Flipkart will cover the vaccination cost for all Flipkart and Myntra employees and three dependents, joining the growing roster of enterprises in the country that are doing so. In a communication to employees, Flipkart said it anticipates the next phase of the vaccination drive to cover all citizens, in addition to the current priority groups. "While we wait for the Government's decision on the next phase, I am happy to share that Flipkart Group has decided to cover 100 per cent of the vaccination cost for all Flipkart and Myntra employees and three dependents. You can choose to be reimbursed for the costs of the vaccinations or get them free of charge at a partner hospital," the company said. Alternatively, employees can choose to participate in any future vaccination drive organised on campus or facilities at major locations, it added. Employees can avail of a day's leave to manage the vaccination process and will be allowed to take the COVID special care leave to manage any symptoms post-vaccination. "Currently, the vaccine is one of the most effective tools that we have, to arrest the pandemic and its adverse consequences. "However, opting for the vaccine is left completely to your discretion and we urge you to consider the benefits, read up about its effectiveness and make the right decision for yourself and your family," Flipkart Chief People Officer Krishna Raghavan said in the note.
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The company had registered profit after tax of Rs 16.4 crore in the same quarter a year ago, according to the company's statement.
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Simplify your Network Transformation with Sify The business world is witnessing an unprecedented transformation as organizations across verticals are passionate… | January 17, 2021
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Gold rates in the last five trading sessions have swung volatile. At the start of the week, the markets traded well above the $1,900 level. This was way below $2,000 levels that the Gold market scaled in August. By mid-week, the trend moved to sub $1,900 levels. On Saturday, the markets traded in a range between $1,850 and $1,880 per ounce. For markets, the US elections and fiscal stimulus are two essential factors. movement was certainly surprising. Even, the London Bullion Market Association (LBMA) rates that jewellers and associations across the country keep a track of, reported at $1,881.85 per ounce - a decline. From an Indian context, the Rupee has weakened in the last few trading sessions. On Saturday it quoted levels of 74.551 indicating a weakness. With Diwali and Laxmi Puja, barely a fortnight away, most investors and buyers of Gold would be anxious to know about where the Gold rates are headed next. And, the constant murmur across messaging boards is clear - Will a Biden or Trump victory impact Gold rates?
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"During the quarter, we have witnessed the urgency among clients to adopt IT infrastructure models which would provide them the agility and flexibility to run their businesses remotely during the crisis," Sify CEO Kamal Nath said in the statement.
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The Navaratri season is around. And, if you are keen on buying Gold, the Reserve Bank of India's seventh SGB scheme should be considered. The RBI's Series VII 2020-21 series is open to subscribers from Monday and investors can subscribe to these bonds at a price of Rs 5,051 per gram. For digital investors, the cost works out to Rs 5,001 per gram thanks to a Rs 50 discount for digital transactions. At this price, the October SGB is lower than the one launched in September (Rs 5,117). Now that you know the price, its better to understand the investment and the policy. The Sovereign Gold Bond is almost similar to investing in Gold although there exists few differences. First, the quoted price of Gold is authentic. When investing in physical Gold, getting the accurate price can be a frustrating impediment. There is the element of making charges, refining margins, wastage chargest etc. With SGB, there's none of those confusing parameters. Also, the price discovery mechanism is taken care of by the centuries old India Bullion Jewellers Association.
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DUBLIN , Oct. 5, 2020 /PRNewswire/ -- The "India Data Center Market- Investment Analysis and Growth Opportunities 2020-2025" report has been added to ResearchAndMarkets.com's offering. India Data Center Market Size to Cross $4.5 Billion , Growing at a CAGR Of Over 4% During The Period 2020-2025. Pi Datacenter, CtrlS, Sify Technologies, Airtel(Nxtra), National Informatics Center, National Payment Corporation of India and Bridge Data Center are some of the prominent investors in the data center market in India . The Indian cloud market is estimated to be $4.5 billion by 2020. The IaaS adoption is likely to grow at a CAGR of 20% between 2020 and 2025. Data localization is likely to increase physical presence of cloud service providers, thereby increasing data center service revenue in the country. State governments in the country are attracting Foreign Direct Investment (FDI) through tax incentives. Maharashtra, Andhra Pradesh and Telangana have announced incentives for data center development in the last two years.
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Tokyo: Shares rose Monday in Asia as investors were encouraged by positive reports about President Donald Trump's health after he tested positive for the coronavirus. Trump briefly ventured out in a motorcade on Sunday to salute cheering supporters. Trump's medical team reported that his blood oxygen level had dropped twice in recent days, and that they gave him a steroid typically only recommended for the very sick. They also said his health is improving and that he could be discharged as soon as Monday. Japan's benchmark Nikkei 225 gained 1.2% to 23,316.08. South Korea's Kospi jumped 1.3% to 2,356.80, while Australia's S&P/ASX 200 surged 2.4% to 5,932.40. Hong Kong's Hang Seng rose 1.5% to 23,801.97. Markets are closed in Shanghai until Friday. Stephen Innes, chief global market strategist at Axi, said global markets were focused on Trump's recovery. "It is difficult to look beyond the trajectory of U.S. President Trump's illness in mapping out the contours of price action in the week ahead," he said in a report. "By reducing uncertainty around a possible delay to the U.S. presidential election, the initial market reaction should be positive for risk assets, with U.S. equities and oil prices, for example, reversing Friday's declines," Innes said.
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Mito, Japan: Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, announced Tuesday it will spend 4.3 trillion yen ($38 billion) to buy out and take private its mobile unit NTT DoCoMo in one of the largest ever deals of its kind. NTT and NTT DoCoMo executives released details of the plan Tuesday. The move is intended to enhance the competitiveness of the NTT group as it consolidates its services, said NTT's CEO Jun Sawada. "We want to be a game changer," Sawada said. He said that between Sept. 30-Nov. 16 the company would buy DoCoMo's shares at a price of 3,900 yen. DoCoMo's shares were last trading at 3,213 yen. NTT held about 66% of DoCoMo's shares as of March 31. The acquisition will be financed by bridge loans, not a share offering, the company said. The restructuring dovetails with newly installed Prime Minister Yoshihide Suga's push for lower telecoms rates and more consumer and business-friendly services. It is expected to enable DoCoMo to offer cheaper rates in competition with rivals such as SoftBank and KDDI.
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New Delhi: Does the popular phrase - 'Har Ghar Kuch Kehta hai' even require a cue? Asian Paints the darling of investors and a leading brand across India has been a pillar of hope in these Covid times. It was the glaring epitome of what great corporate leaders do during tought times - improve morale. For those unaware of what Asian Paints did, a reading of how they raised salaries is recommended. It raised annual pay during the month of May for its employees. It also transferred Rs 40 crores to contractors besides offering insurance, hospitalisation and support to partners. With the unlocking phase and the arrival of the festive season, the popular manufacturer has a new strategy. It has entered the home decor category and wants to optimize its offerings - furniture, furnishings, lightings and everything within an umbrella. In an interview, Amit Syngle, Managing Director and Chief Executive Officer (CEO), Asian Paints Limited, takes us through the strategy. Syngle explains how the company endeavours to go beyond designer wallpapers, paints and kitchen and bath player, as an integrated home decor player.
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Can inhaling second hand smoke infect you of coronavirus? Is that a troubling question? Is it turning difficult convincing a family member or a friend to abstain from smoking in times of the pandemic? Here's something that should help address your concern. The generic understanding is Vaping or Smoking cannot result in direct infection, although experts have ruled out the claims from such guidance. Medical practitioners and researchers believe second-hand smoke is least likely to directly spread the virus, but smokers are likely to blow droplets in air and these tiny drops could carry the coronavirus causing pathogens while exhaling. Being able to smell the smoke might be a red flag that you're standing too close to the smoker. The respiratory droplets people spray when they talk, cough or sneeze are believed to be causing Covid-infection. And people also exhale those droplets when smoking, as well as when they're vaping. "Not only are they potentially spreading virus by not wearing a mask, they are blowing those droplets to the people around them to potentially get infected," says Dr.
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DUBLIN--(BUSINESS WIRE)--The "India Data Center Market- Investment Analysis and Growth Opportunities 2020-2025" report has been added to ResearchAndMarkets.com's offering. In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this India Data Center Market Report India Data Center Market Size to Cross $4.5 Billion, Growing at a CAGR Of Over 4% During The Period 2020-2025. Pi Datacenter, CtrlS, Sify Technologies, Airtel(Nxtra), National Informatics Center, National Paym
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Sify Technologies Limited (SIFY) Q1 2021 earnings call transcript dated July 28, 2020
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Sify Technologies Limited (NASDAQ: SIFY) Q1 2021 earnings call transcript dated July 28, 2020 Corporate Participants: Shiwei Yin — Grayling Investor Relations Raju Vegesna — Chairman and Managing Director Kamal Nath — Chief Executive Officer M P Vijay Kumar — Chief Financial Officer Analysts: Greg Burns — Sidoti & Company — Analyst Presentation: Operator Good day, ladies and gentlemen, and welcome to the Sify Technologies […]
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Sify Technologies Ltd (SIFY) Q4 2020 earnings call dated May 05, 2020 Corporate Participants: Shiwei Yin — Grayling Investor Relations Raju Vegesna — Chairman & Managing Director Kamal Nath — Chief Executive Officer M P Vijay Kumar — Chief Financial Officer Analyst: Greg Burns — Sidoti & Company — Analyst Presentation: Operator Good day, ladies and gentlemen, and welcome to your Sify Technologies Financial Results […]
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Beijing: China's economy contracted 6.8 per cent in the first quarter of 2020 compared to a year earlier, the National Bureau of Statistics said on Friday. The world's second-largest economy has been hit by drastic measures taken to contain the spread of coronavirus which has infected over two million people worldwide. "According to the preliminary estimates, the gross domestic product (GDP) of China was 20,650.4 billion yuan (about $3 trillion) in the first quarter of 2020, a year-on-year decrease of 6.8 percent at comparable prices," the bureau said in a report. This is the first time that China's economy has shrunk since 1976 and is worse for a single quarter since the country started publishing such figures in 1992, according to CNN. The Chinese mainland reported more than 80,000 cases of coronavirus and over 3,000 deaths. Extensive lockdowns were put in place to curb the spread of virus, which originated in China's Wuhan province late last year, bringing the country to a standstill.
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Highlights: 1. Central Government approves RBI placing Yes Bank under moratorium 2. Withdrawals capped at Rs 5 lakhs in extra-ordinary cases. In normal cases, ceiling is Rs 50,000. 3. Mad-dash for Yes Bank stocks on Thursday and why that looks like outrageous mockery. 4. SBI led consortium including LIC will invest in a stake in Yes Bank. New Delhi/Mumbai: In a major move, the Central Government on Thursday approved the Reserve Bank of India placing Yes Bank under a moratorium. The moratorium has been placed from March 5 2020 to April 3 2020 and restrains several activities related to the bank. An extraordinary Gazette notification order to this regards has been published. The notification reads, "In exercise of the powers conferred by sub-section (2) of section 45 of the Banking Regulation Act, 1949 (10 of 1949), the Central Government, after considering an application made by the Reserve Bank of India under sub-section (1) of that section, hereby makes an Order of Moratorium in respect of the Yes Bank Limited, Mumbai, Maharashtra for the period from 18:00 hrs on March 5, 2020 up to and inclusive of April 3, 2020 and hereby stays the commencement or continuance of all actions and proceedings against that banking company during the period of moratorium, subject to the condition that such stay shall not in any manner prejudice the exercise by the Central Government of its powers under clause (b) of sub-section (4) of section 35 of the said Act or the exercise by the Reserve Bank of India of its powers under section 38 of the said Act." The full notification is available here .
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If was a country… Indiawill be its largest state… … | January 31, 2020
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Sify Technologies (NASDAQ:SIFY): Q3 Profit of ₹164M. Revenue of ₹5.89B (+2.8% Y/Y) Press Release
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NEW DELHI: Whether data is the next oil is debatable, but what can’t be up for debate is the surge in data production and consumption in India. And with the government’s mandate on data localization and data-driven business ecosystem driven by 5G, ventures in the data centre space are the next big thing for investors.Conglomerates such as the Hiranandani group and the Adanis are placing big bets in data outsourcing facilities by building hyperscale data parks in metro cities. Other local cloud providers such as Sify, CtrlS and ESDS already have colocation services in tier 1, tier-2 and tier-3 cities.Global players are foraying in the segment through joint ventures or mergers and acquisitions like Japanese company NTT acquired NetMagic in 2016. Europe-based Colt and Singapore-based Bridge have also announced their major expansion plans in India. Telecom operators such as Bharti Airtel and Reliance Jio have also stated plans to build as many as 10-15 data centres across the country.“Growing at a very healthy 25% CAGR, driven by the explosive growth of data in India, data centres are all set to script a winning story in India and FDI inflows are expected to be in the range of $1 billion or more in the next 2-3 years,” said Lux Rao, Director – Solutions & Consulting, NTT India.On January 14, the government met information technology and ecommerce companies and sought suggestions to attract investment in data storage infrastructure as a precursor to a national policy on ecommerce.
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Sify Technologies (NASDAQ:SIFY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday, Zacks.com reports. According to Zacks, “SIFY TECH LTD a leader in consumer Internet and Enterprise Services in India with global delivery capabilities, today announced that it has integrated its Portal, i-Way cyber […]
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Sify Technologies (NASDAQ:SIFY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday, Zacks.com reports. According to Zacks, “SIFY TECH LTD a leader in consumer Internet and Enterprise Services in India with global delivery capabilities, today announced that it has […]
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The concept of Daana , a Sanskrit word that denotes generosity, charity, or donating, is as old as time in Indian spiritual tradition. The Upanishads, one of Hinduism's philosophical texts, outlines three guiding principles for life: Damyata (Self-restraint), Datta (Give generously) and Dayadhvam (Be compassionate). In modern India, a new generation of philanthropists are emerging as key stakeholders in the country's efforts to achieve Sustainable Development Goals by 2030. New-age foundations are driven by philanthropists who want to use their privilege to drive large-scale social impact. One such not-for-profit organization is the Raju Vegesna Foundation (RVF), founded by Raju Vegesna , a visionary entrepreneur. A drive to honour legacy and a high sensitivity to social inequities was what led to the establishment of RVF. The Raju Vegesna Foundation does sterling work in areas of healthcare , education , and community initiatives globally. The Foundation hit the headlines when it built the world's largest standalone dining complex, which serves free meals to 120,000 people daily in Tirumala.
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