Sify Technologies Q3 Sales $104.01M Miss $139.50M Estimate, EBITDA of $20.3M, up by 4% YoY
Portfolio Pulse from Benzinga Newsdesk
Sify Technologies (NASDAQ:SIFY) reported Q3 sales of $104.01M, missing the consensus estimate of $139.50M by 25.44%. Sales decreased by 4.01% compared to the same period last year. EBITDA for the quarter was $20.3M, a 4% increase YoY.
January 18, 2024 | 11:34 am
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NEGATIVE IMPACT
Sify Technologies reported lower-than-expected Q3 sales and a slight decrease in sales compared to last year, although EBITDA saw a small increase.
Missing sales estimates by a significant margin and reporting a year-over-year decline in sales is likely to negatively impact investor sentiment and the stock price in the short term. However, the increase in EBITDA might offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100