Sify Technologies Q1 Sales $112.945M Miss $148.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sify Technologies (NASDAQ:SIFY) reported Q1 sales of $112.945 million, missing the analyst consensus estimate of $148.200 million by 23.79%. Despite the miss, sales increased by 8.57% compared to the same period last year.
July 19, 2024 | 12:28 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sify Technologies reported Q1 sales of $112.945 million, missing the analyst consensus estimate of $148.200 million by 23.79%. Despite the miss, sales increased by 8.57% compared to the same period last year.
The significant miss on sales estimates is likely to negatively impact Sify Technologies' stock price in the short term. However, the year-over-year sales growth of 8.57% may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100