Sify Technologies (SIFY) has released an update.
Sify Technologies reported a revenue increase of 10% to INR 9,421 Million and a modest EBITDA growth of 3% to INR 1,784 Million in the first quarter of FY 2024-25, despite posting a loss of INR 105 Million for the period. The company highlighted robust infrastructure investments and a diverse service portfolio, positioning itself to support digital transformation initiatives across enterprises and government entities. Additionally, Sify is adopting the new IFRS 18 accounting standard for financial reporting and has continued to expand its network and data center capabilities.
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