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Earnings Call Summary | Sify Technologies(SIFY.US) Q4 2024 Earnings Conference

moomoo AI ·  Apr 22 10:05  · Conference Call

The following is a summary of the Sify Technologies Limited (SIFY) Q4 2024 Earnings Call Transcript:

Financial Performance:

  • Sify Technologies marked a 7% increase in revenue for FY 2023-24, reporting a total of INR 35,634 million.

  • The company also noted a 7% rise in EBITDA, reaching INR 6,756 million.

  • There was a stark decrease in profit before tax by 77%, and profit after tax plunged 93% compared to the previous financial year.

  • The year's capital expenditure stood at INR 12,377 million.

Business Progress:

  • Revenue from data center colocation services grew by 9%, despite a 1% decrease in digital services revenue.

  • The company recorded a 10% increase in network centric services revenue for FY 2023-24.

  • Sify expanded its services across the country, adding 1,033 fiber nodes, marking a 16% increase from the previous year.

  • The company poured $7.22 million into Silicon Valley startups as part of its corporate venture capital initiative.

  • Sify plans to go live with two new data centers in FY 2025, further expanding its current capacity of 120 megawatt of IT power.

More details: Sify Technologies IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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