Sify jumps 5.9% pre-market on FQ2 results


Sify (SIFY) shares jump 5.9% pre-market after the company reports revenue grew 22% Y/Y in FQ2 to INR 2505M ($40.7M vs. consensus of $38.9M) and net income rose to INR 111M ($1.8M) from a loss of INR 57M in FQ2 2012.

Telecom Services revenue grew 35% Y/Y, Data Services 34%, Cloud and Managed Services 46%, Talent Management Solutions 192%, Portals 45%, Technology Integration 69%, and Safescrypt 87%.

EBITDA ballooned 180% Y/Y to INR 424M ($6.9M).

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Comments (4)
  • Valuable Insights
    , contributor
    Comments (478) | Send Message
     
    These strong results were during a tepid economic period in India - given the leverage in $SIFY model, imagine the results in a stronger economic scenario. Stock stays here, potential SA article. Disclosure: LONG
    23 Oct 2013, 08:33 AM Reply Like
  • Sanvisor
    , contributor
    Comments (41) | Send Message
     
    If the results were so good why is stock down to 2.26 a share?
    23 Oct 2013, 09:41 AM Reply Like
  • DrkyDrky
    , contributor
    Comments (4) | Send Message
     
    My guess is that big investors that needs to dump stocks ASAP find it easy to dump them during Good NEWS.
    24 Oct 2013, 12:06 AM Reply Like
  • Dominic Faultz
    , contributor
    Comments (334) | Send Message
     
    The results were very good. I was surprised by that drop but it created a buying opportunity in my view.
    24 Oct 2013, 05:39 AM Reply Like
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