Sify Technologies Earnings Cheat Sheet: Loss Narrows
Sify Technologies Limited (NASDAQ:SIFY) reported its results for the first quarter. An integrated Internet, network and electronic commerce services Company, offering end-to-end solutions with a range of services delivered over a common Internet backbone infrastructure.
Sify Technologies Earnings Cheat Sheet for the First Quarter
Results: Loss narrowed to $1.9 million (one cent per diluted share) from $4.05 million in the same quarter a year earlier. EBITDA for the quarter was $2.8 million.
Revenue: Rose 31% to $50.7 million from the year earlier quarter.
Quoting Management: Mr. Raju Vegesna, Board Chairman and CEO & MD, said, “It gives me great pleasure to report that our recast business structure is beginning to show results. The unbundling of our broad service portfolio and making them available across all customer segments has increased the flexibility and scalability of our business.”
Competitors to Watch: Internet Initiative Japan Inc. (NASDAQ:IIJI), Tata Communications Ltd. (NYSE:TCL), Mahanagar Telephone Nigam Ltd. (NYSE:MTE), Intl. Business Machines Corp. (NYSE:IBM), BT Group plc (NYSE:BT), Rediff.com India Ltd. (NASDAQ:REDF), Verizon Communications Inc. (NYSE:VZ) and AT&T Inc. (NYSE:T).
(Source: Xignite Financials)