Sify Technologies Limited (SIFY) stock is experiencing a significant surge after the company announced its partnership with NVIDIA. The company has become an NVIDIA DGX-Ready Data Center partner, certified for liquid cooling, marking a key milestone in its data center infrastructure capabilities. This certification enables Sify to offer enterprises a cost-effective solution for meeting their AI infrastructure requirements.
Shares of Zhibao Technology surged in pre-market trading after securing a contract with the People’s Insurance Company of China. This report highlights top pre-market gainers and losers, providing insights into market trends and potential investment opportunities.
Sify Technologies Limited reported a 7% increase in annual revenue to INR 35,634 million but faced a significant decline in profits. Profit before tax and profit after tax fell by 77% and 93%, respectively. The company’s financial performance reflects its ongoing investment in infrastructure and digital transformation services. Despite the profit decline, Sify continues to expand its infrastructure and services to support India’s growing digital economy and expects to maintain its growth trajectory in the coming year.
Sify Technologies (NASDAQ: SIFY) has released its financial results for the fourth quarter of 2024. The company missed analysts’ estimates for revenue, reporting $116.05 million which is a significant 22.27% below the expected $149.30 million.
