Sify Technologies: Positive Outlook On India Data Centers Momentum

News Snapshot:

Rasi Bhadramani/iStock via Getty Images Sify Technologies Limited (NASDAQ:SIFY) latest quarterly results can be described as mixed. Despite a net loss and top-line weakness, the bigger story was impressive growth in the company's data center services segment. We can highlight an ongoing shift in the revenue mix toward high-margin and value-added opportunities set to support stronger profitability going forward. We last covered Sify back in 2021 noting the company was set to benefit from strong trends in cloud adoption as a leading provider of information and communications technology (ICT) services out of India. While many of those trends did play...