Sify Technologies Limited reported a strong performance for QQ4 2024, posting revenues of ₹9.64 billion, a year-on-year growth of 8.76% and a quarter-on-quarter increase of 9.62%. This growth is indicative of strong demand across its segments, particularly in Network Centric and Data Center Services. Despite a challenging macroeconomic landscape, the company’s profitability also demonstrated resilience with a net income increase of 12.31% year-over-year. Management emphasized the successful execution of strategic initiatives, which have enhanced operational efficiency and customer engagement, laying a solid foundation for ongoing growth in subsequent quarters.
During this quarter, Sify reported an operating income of ₹565 million, up significantly from the previous quarter, showcasing improved margin management. Management highlighted the positive impact of recent investments in technology and talent on both service delivery and customer satisfaction. This signals a robust outlook for the company as it navigates competitive pressures within the telecommunications sector.