Sify Technologies Q1 EPS $0.01 Misses $0.01 Estimate, Sales $104.05M Miss $129.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sify Technologies (NASDAQ:SIFY) reported Q1 earnings of $0.01 per share, missing the analyst consensus estimate by 37 percent. This is a 68.5 percent decrease from the same period last year. The company also reported quarterly sales of $104.05 million, missing the analyst consensus estimate of $129.70 million by 19.78 percent, but marking a 4.14 percent increase from the same period last year.
July 20, 2023 | 12:03 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Sify Technologies reported lower than expected Q1 earnings and sales. This could negatively impact the company's stock price in the short term.
Sify Technologies reported lower than expected earnings and sales for Q1. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100