|Bid||3.7300 x 3200|
|Ask||3.7000 x 3000|
|Day's Range||3.5300 - 3.7600|
|52 Week Range||0.7200 - 5.8900|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||0.96|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 24, 2019|
|1y Target Est||5.00|
Internet Exchange AMS-IX and Indian ICT service & solution provider Sify Technologies Ltd (NASDAQ: SIFY) announced expanding their footprint of internet exchanges in India. The new interconnection hubs would be situated in Kolkata, Noida, Hyderabad, and Chennai to enhance network interconnections in these regions. The partnership between AMS-IX and Sify dated back to the launch of the neutral and independent Internet Exchange in Mumbai. The new Internet Exchanges in Kolkata (AMS-IX Kolkata), Hyderabad (AMS-IX Hyderabad), Noida (AMS-IX Noida), and Chennai (AMS-IX Chennai) are expected to start operations in 2021. Additionally, AMS-IX India would be rebranded as AMS-IX Mumbai with the existing Sify Airoli DC as the new node. All exchanges would be built using the AMS-IX (IX-as-a-service) solution that allowed partners to set up and run Internet Exchanges rapidly. Customers would connect and exchange traffic via dedicated ports with speeds of 1, 10, or 100 Gbps, enabling them to reduce latency and save costs. Price action: SIFY shares traded lower by 3.41% at $3.96 on the last check Monday. See more from BenzingaClick here for options trades from BenzingaKaleyra Enhances Digital Payments With Visa PartnershipSuper League Gaming Raises .6M From Secondary Share Sale At Discount© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Chennai, India, March 22, 2021 (GLOBE NEWSWIRE) -- AMS-IX, the world leading Internet Exchange, and SifyTechnologies Limited (NASDAQ: SIFY), headquartered in Chennai, India, India’s most comprehensive ICT service & solution provider, today announced the expansion of their footprint of internet exchanges in India. The new interconnection hubs are going to be situated in Kolkata, Noida, Hyderabad, and Chennai. With close to half the population that is internet savvy, India is one of the largest and fastest-growing markets for digital consumers and businesses in the world. AMS-IX and Sify are committed to enhancing the quality of the Internet in India by increasing connectivity through public peering. The partnership between AMS-IX and Sify started with the launch of a neutral and independent Internet Exchange in Mumbai. By expanding to the digital hotspots of Kolkata, Noida, Hyderabad, and Chennai, Sify and AMS-IX seek to enhance the quality of network interconnections in these regions as well. Peter van Burgel, CEO, AMS-IX said, “Last couple of years we saw tremendous growth in India with traffic nearly doubling in a year time. By expanding to four new locations AMS-IX and Sify Technologies are delivering on their promise to bring high quality and value-for-money connectivity to the region.” Harsha Ram, Head – Network Business, Sify, said, “With this partnership with AMS-IX, Sify seeks to give content, application and service providers wider options to interconnect with each other across the metros of India thereby optimizing latency and cost and significantly improving user experience. The new Internet Exchanges in Kolkata (AMS-IX Kolkata), Hyderabad (AMS-IX Hyderabad), Noida (AMS-IX Noida), and Chennai (AMS-IX Chennai) are expected to start operations in 2021. In addition, AMS-IX India will be rebranded as AMS-IX Mumbai with the existing Sify Airoli DC as the new node. All exchanges will be built using the AMS-IX (IX-as-a-service) solution that allows partners to rapidly set up and run Internet Exchanges. Customers will be able to connect and exchange traffic via dedicated ports with speeds of 1, 10, or 100 Gbps, which allows them to reduce latency and save costs. About Sify Technologies A Fortune 500 India company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid, and small-sized businesses. Sify’s infrastructure comprising the largest MPLS network, 10 top-of-the-line DCs, partnership with global technology majors, vast expertise in business transformation solutions modelled on the cloud make it the first choice of start-ups, incoming Enterprises, and even large Enterprises on the verge of a revamp. More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks, and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has a presence across North America, the United Kingdom, and Singapore. Sify, www.sify.com, Sify Technologies, and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited. AboutAMS-IX AMS-IX (Amsterdam Internet Exchange) is a neutral member-based association that operates multiple interconnection platforms around the world. Our leading platform in Amsterdam has been playing a crucial role at the core of the internet for more than 25 years and is one of the largest hubs for internet traffic in the world with over 9 Terabits per second (Tbps) of peak traffic. Connecting to AMS-IX ensures customers such as internet service providers, telecom companies, and cloud providers that their global IP traffic is routed in an efficient, fast, secure, stable, and cost-effective way. This allows them to offer low latency and engaging online experiences for end-users. AMS-IX interconnects more than 1000 IP-networks in the world. AMS-IX also manages the world’s first mobile peering points: the Global Roaming Exchange (GRX), the Mobile Data Exchange (MDX), and the Internetwork Packet Exchange (I-IPX) interconnection points. More information: www.ams-ix.net Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2020, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC. For further information, please contact: Attachment Sify CONTACT: Praveen Krishna Sify Technologies Limited +91 44 22540777 (ext.2055) email@example.com Nikhila Kesavan 20:20 Media +91 9840124036 firstname.lastname@example.org Shiwei Yin Grayling Investor Relations +1-646-284-9474 Shiwei.Yin@grayling.com
Sify Technologies Limited ( NASDAQ:SIFY ), is not the largest company out there, but it led the NASDAQCM gainers with a...