Sify Technologies Reports Second Quarter 2023 Earnings
Sify Technologies (NASDAQ:SIFY) Second Quarter 2023 Results
Key Financial Results
Revenue: ₹7.94b (up 14% from 2Q 2022).
Net income: ₹112.0m (down 69% from 2Q 2022).
Profit margin: 1.4% (down from 5.1% in 2Q 2022). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sify Technologies Earnings Insights
Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Telecom industry in the US.
Performance of the American Telecom industry.
The company's shares are down 1.7% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Sify Technologies (1 makes us a bit uncomfortable!) that you need to be mindful of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
