Yahoo Finance Sify Technologies Reports Full Year 2024 Earnings
Sify Technologies (NASDAQ:SIFY) Full Year 2024 Results
Key Financial Results
Revenue: ₹35.6b (up 6.7% from FY 2023).
Net income: ₹49.0m (down 93% from FY 2023).
Profit margin: 0.1% (down from 2.0% in FY 2023). 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
The primary driver behind last 12 months revenue was the Network Centric Services segment contributing a total revenue of ₹14.7b (41% of total revenue). Notably, cost of sales worth ₹22.4b amounted to 63% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to ₹6.50b (49% of total expenses). Explore how SIFY's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Telecom industry in the US.
Performance of the American Telecom industry.
The company's shares are down 4.8% 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 is concerning!) that you need to be mindful of.
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