India's Sify Technologies Q2 revenue rises on data center growth

Sify Technologies

28/10/2026 12:44

Overview
India ICT infrastructure provider's Q2 revenue rose 31% yr/yr to INR 13,798 mln
Adjusted EBITDA for Q2 increased 33% yr/yr to INR 3,131 mln
Company cites investments in data centers and networks as key growth drivers

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
DATA CENTER EXPANSION - Co said sustained investment in expanding data center capacity supported revenue growth
NETWORK INFRASTRUCTURE - Co attributed growth to ongoing modernization and rollout of network infrastructure, including new fiber nodes and corridors
AI AND CLOUD DEMAND - Co said rising demand for AI and cloud compute services contributed to new contracts and capacity deals

Company press release: ID:nGNX2L3K5X

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
INR 13.80 bln
 
Q2 Net Income
 
INR 40 mln
 

Analyst Coverage
Wall Street's median 12-month price target for Sify Technologies Ltd is $22.00, about 79.4% above its October 27 closing price of $12.26

Reuters Recommended Reads
Oct 26 - India's Tata Communications to spend $450 million on AI connectivity infrastructure
Oct 26 - Canada's Celestica Q3 revenue jumps 83% on higher customer demand, operating leverage; raises 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)