Sify Technologies Q2 Sales $106.33M Miss $134.10M Estimate, Profit of $15M, Down 87% YoY
Portfolio Pulse from Benzinga Newsdesk
Sify Technologies (NASDAQ:SIFY) reported Q2 sales of $106.33 million, missing the analyst consensus estimate of $134.10 million by 20.71 percent. This is a 6.81 percent increase over sales of $99.55 million the same period last year. The company also reported a profit of $15 million, down 87% YoY.
October 20, 2023 | 11:18 am
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Sify Technologies' Q2 sales missed estimates by 20.71%, but increased 6.81% YoY. Profits were down 87% YoY.
Sify Technologies' Q2 sales missed analyst estimates by a significant margin, which could negatively impact investor sentiment and the stock price. Additionally, the company's profits were down 87% YoY, which could further dampen investor sentiment.
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