Sify jumps 5.9% pre-market on FQ2 results

|About: Sify Technologies Limited (SIFY)|By:, SA News Editor

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).