Latest news with #cloudadoption
Yahoo
2 days ago
- Business
- Yahoo
Sify reports Consolidated Financial Results for Q1 FY 2025-26
Revenues of INR 10,723 Million. EBITDA of INR 2,111 Million. Loss for the period INR 389 Million. CHENNAI, India, July 18, 2025 (GLOBE NEWSWIRE) -- EARNING CALLS DETAILS July 18, 2025 | 8:30 AM ET | 06:00 PM IST Participant Dial in: To join: +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) | Access Code: 205616 On the call: Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO Live webcast: Archives: +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International). Passcode 52733 Replay is available until July 25, 2025. HIGHLIGHTS Revenue was INR 10,723 Million, an increase of 14% over the same quarter last year. EBITDA was INR 2,111 Million, an increase of 18% over the same quarter last year. Loss before tax was INR 322 Million. Loss after tax was INR 389 Million. CAPEX during the quarter was INR 2,874 Million. MANAGEMENT COMMENTARY Mr. Raju Vegesna, Chairman, said, 'India is entering a new generation of IT transformation. I firmly believe that the next decade of digital infrastructure will be written in India. The pace at which public and private enterprises are investing in technology, cloud adoption, and automation is unmatched — driven by an urgency not just to participate in the digital economy, but to lead it. Government policy, industry ambition, and a vibrant innovation ecosystem are combining to create a perfect storm of opportunity. National programs like Digital India and the India AI Mission are bringing in investments in compute infrastructure and digital access, while regulatory clarity is unlocking private capital into hyperscale data centers, 5G and beyond. India is not just consuming AI — it is rapidly climbing up the value chain to become a creator of AI tools, frameworks, and domain-specific solutions. This ambition will translate into robust demand for integrated infrastructure that supports high-performance workloads, edge computing, and sovereign data requirements. India will not just be a growth market; it will be the growth engine.' Mr. M P Vijay Kumar, ED & Group CFO, said, 'We remain steadfast in our commitment to cost efficiency and fiscal discipline even as we navigate an increasingly complex business environment. Every investment decision is taken with long-term value creation in mind overseen by a rigorous approach to risk management. While our current results reflect the impact of depreciation, interest costs, and rising manpower expenses, these are conscious trade-offs in our strategy to build future-ready capabilities across our businesses. Our financial strategies are designed with resilience and agility, enabling us to respond effectively to evolving market dynamics. At the same time, we are embedding sustainability as a foundational business tenet—well beyond regulatory compliance. Ultimately, our focus remains on delivering predictable, long-term value to stakeholders while staying true to our disciplined investment philosophy and high standards of accountability. The cash balance at the end of the quarter was INR 3,861 Million.' BUSINESS HIGHLIGHTS The Revenue split between the businesses for the quarter was Network services 41%, Data Center services 37% and Digital services 22%. During the quarter, Sify commissioned 8.6 MW of additional Data Center capacity. As of June 30, 2025 Sify provides services via 1159 fibre nodes across the country, a 10% increase over same quarter last year. As on June 30, 2025, Sify has deployed 9661 contracted SDWAN service points across the country CUSTOMER ENGAGEMENTS Among the most prominent new contracts during the quarter were the following: Network Services A global IT leader contracted Sify for dedicated capacity on our National Long-Distance network. One of the world's largest spirit manufacturer contracted for high-redundancy network infrastructure between their factory and regional locations. A large private bank contracted Sify to set up a Network Address Translation Gateway (NAT) in multiple cities and connect to the cloud. A foreign bank, a direct-to-home entertainment platform, a multinational digital communications technology and a leading global optical and digital solutions company contracted for an MPLS build. A foreign bank contracted Sify to connect their data center to multiple cloud platforms. Multiple State and Private banks signed up for managed SD WAN services. The Network business signed up an MSA with a global telecommunication leader. Data Center Services An upcoming IT player in the communication platform space migrated from the competition's data center to Sify Data Center. A foreign multinational into IT applications moved from their on-prem storage to Sify DC. A joint venture between a foreign insurance player and their Indian partner signed up for Disaster Recovery services. Digital services A logistics major, a Portfolio Management company and a Scheduled bank contracted Sify to migrate from on-premise DC to our Cloud platform. A diversified financial services group, a healthcare consultancy, an infotech major and an industrial machinery manufacturer signed up for a greenfield cloud platform implementation. A steel manufacturer, a healthcare services provider, a clean energy provider, couple of private banks and India's first private rail wheel and axle manufacturer signed up for services like DRaaS, PaaS and IaaS. A housing finance major contracted Sify for private cloud commissioning on-prem. One of India's oldest FMCGs and a private bank signed up for on-premise security services. The healthcare major also signed up a full technology refresh. FINANCIAL HIGHLIGHTS Description Quarter ended Quarter ended Quarter ended Year ended June 2025 June 2024 March 2025 March 2025 (Audited) Revenue 10,723 9,421 9,699 39,886 Cost of Sales (6,574 ) (5,961 ) (5,869 ) (24,917 ) Gross Profit 4,149 3,460 3,830 14,969 Other Operating Income 85 88 76 363 Selling, General and Administrative Expenses (2,018 ) (1,676 ) (1,977 ) (7,442 ) Depreciation and Amortisation expense (1,679 ) (1,306 ) (1,558 ) (5,633 ) Operating Profit 537 566 371 2,257 Investment Income - 58 76 188 Impairment loss on Investment (22 ) - - - Profit before financing and income taxes 515 624 447 2,445 Finance income 1 - - 13 Interest expenses on borrowings and lease liabilities (837 ) (617 ) (762 ) (2,742 ) Interest expenses on pension liabilities (1 ) - - (2 ) Profit/(Loss) before income taxes (322 ) 7 (315 ) (286 ) Income Tax Expense (67 ) (59 ) (263 ) (499 ) Profit/(Loss) for the period (389 ) (52 ) (578 ) (785 ) Profit attributable to: Reconciliation with Non-GAAP measure Profit/(Loss) for the period (389 ) (52 ) (578 ) (785 ) Add: Depreciation and Amortisation expense 1,679 1,306 1,558 5,633 Net Finance Expenses 765 495 630 2,294 Current Tax 122 136 189 699 Deferred Tax - - 74 - Less: Deferred Tax (55 ) (77 ) - (200 ) Other Income (including exchange gain/loss) (11 ) (24 ) 28 (79 ) EBITDA 2,111 1,784 1,901 7,562 Management-defined Performance Measures (MPMs) Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities. Management believes adjusting operating profit for these items provides comprehensive information of the company's operating performance. Reconciliation with Management-defined Performance Measures:(In INR millions) Description Quarter ended Quarter ended Quarter ended Year ended June 2025 June 2024 March 2025 March 2025 (Audited) Operating Profit 537 566 371 2,257 Add: Depreciation and Amortisation expense 1,679 1,306 1,558 5,633 Less: Interest expenses on pension liabilities (1 ) - - (2 ) Impairment loss on Investment (22 ) - - - Other Income (including exchange gain/loss) (82 ) (88 ) (28 ) (326 ) EBITDA 2,111 1,784 1,901 7,562 Segment Reporting:(In INR millions) Quarter ended June 2025 Quarter ended June 2024 Particulars Network Services Data Center Services Digital Services Total Network Services Data Center Services Digital Services Total (A) (B) ( C) (D)=(A)+(B)+(C) (A) (B) ( C) (D)=(A)+(B)+(C) External customers Revenue 4,379 3,961 2,383 10,723 3,865 3,360 2,196 9,421 Intersegment Revenue - 22 55 77 - 22 55 77 Operating Expense (3,683 ) (2,192 ) (2,681 ) (8,556 ) (3,247 ) (1,954 ) (2,393 ) (7,594 ) Intersegment Expense (63 ) - (14 ) (77 ) (63 ) - (14 ) (77 ) Segment Result 633 1,791 (257 ) 2,167 555 1,428 (156 ) 1,827 Unallocated Expense: Support Service Unit Costs (36 ) (43 ) Depreciation and Amortisation (1,679 ) (1,306 ) Other income / (expense), net 63 146 Finance Income 1 - Finance Expense (838 ) (617 ) Profit / (loss) before tax (322 ) 7 Income taxes (expense) / benefit (67 ) (59 ) Profit / (loss) for the period (389 ) (52 ) Equity and Debt: (In INR millions) Particulars Quarter endedJune 2025 Quarter endedJune 2024 Year endedMarch 2025 EQUITY 16,339 17,795 16,725 BORROWINGS Long term 25,391 21,997 28,237 Short term 8,791 7,589 7,304 Less: Cash Balance 3,861 6,471 6,836 Net debt 30,321 23,115 28,705 About Sify Technologies A multiple times award winner of the Golden Peacock from Institute of Directors for Corporate Governance, Sify Technologies is India's most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. Sify's infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp. More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, Sify Technologies and are registered trademarks of Sify Technologies Limited. Non-IFRS Measures This press release contains a financial measure not prepared in accordance with IFRS. In particular, EBITDA is referred to as 'non-IFRS' measure. The non-IFRS financial measure we use may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies - refer to the reconciliation provided in the table labelled Financial Highlights for more information. In addition, these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated in accordance with IFRS, and our financial results calculated in accordance with IFRS and reconciliation to those financial statements should be carefully evaluated. Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify's business, please see the discussion under the caption 'Risk Factors' in the company's Annual Report on Form 20-F for the year ended March 31, 2025, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at and Sify's other reports filed with the SEC. For further information, please contact: Sify Technologies LimitedMr. Praveen KrishnaInvestor Relations & Public Relations+91 20:20 Media Nikhila Kesavan+91 Weber ShandwickLucia Domville+1-212 546-8260LDomville@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
4 days ago
- Business
- Zawya
Nutanix Study finds financial services fast-tracking GenAI adoption—but long-term gains hinge on infrastructure and talent
DUBAI, UAE – Nutanix (NASDAQ: NTNX), a leader in hybrid multicloud computing, announced the findings of its seventh annual global Financial Services Enterprise Cloud Index (ECI) survey and research report, which measures enterprise progress with cloud adoption in the industry. The research showed that nearly all the financial services organizations surveyed are currently leveraging GenAI applications or workloads today, with a focus on real-life applications gravitating towards customer support and content development. Despite widespread GenAI adoption, financial services organizations are struggling to keep pace. Most cite a skills gap needed to manage GenAI with existing infrastructure. Moreover, 97% of respondents admit they could do more to secure their GenAI models and applications. 'Financial services organizations are turning to containers and hybrid cloud not just as technology upgrades, but as strategic enablers of customer value,' said Lee Caswell, SVP of Product and Solutions Marketing at Nutanix. 'This year's ECI report highlights how these technologies are delivering measurable ROI by powering GenAI applications that enhance fraud detection, strengthen cybersecurity, and elevate customer engagement. For financial institutions, containers and hybrid cloud have become essential tools to drive innovation, agility, and trust in a rapidly evolving digital landscape. 'But AI and how organizations want to use it is also changing very rapidly. While GenAI remains a part of their activities, beyond the findings in the report, our customers are telling us they have moved to adopt agentic AI and are looking to harness its potential across their organizations and in how they interact with their customers.' The report surveyed financial services leaders on GenAI adoption, Kubernetes, and container use, and where they're running mission-critical applications today—and where they plan to run them next. Key findings include: GenAI Adoption Is Widespread but Not Without Risk: Nearly all industry respondents report using some form of GenAI today, with current use cases focused on customer support, content generation, and automation. However, data privacy and security stand out as the top concerns, with 97% agreeing their organizations must do more to secure GenAI models and applications. Infrastructure Modernization Is Needed for GenAI Success: 92% of respondents say their current infrastructure requires improvement to fully support cloud native applications and containers. Although containerization and Kubernetes are already in use, particularly for GenAI workloads, application portability and data silos persist as major hurdles. IT Talent Shortage Could Slow Momentum: Nearly all respondents (98%) face challenges scaling GenAI from development to production, citing lack of skilled personnel and integration issues. While 62% of respondents are actively hiring for GenAI expertise, training and upskilling remain critical priorities. Return on Investment (ROI) is a Priority but It's a Long Game: 39% of respondents anticipate potential GenAI-related losses in the next 12 months, while 58% expect gains within one to three years. This suggests that financial services leaders are embracing a longer-term view of GenAI success but also underscores the need for better tools to measure GenAI ROI. Security and Compliance Will Continue to be Important: The majority (96%) of respondents say GenAI is reshaping their data security and privacy priorities. Additionally, 90% express concern about data security in the broader IT vendor ecosystem, further highlighting the complexity of securing AI deployments. For the seventh consecutive year, Nutanix commissioned a global research study to learn about the state of global enterprise cloud deployments, application containerization trends, and GenAI application adoption. In the Fall of 2024, U.K. researcher Vanson Bourne surveyed 1,500 IT and DevOps/Platform Engineering decision-makers around the world. The respondent base spanned multiple industries, business sizes, and geographies, including North and South America; Europe, the Middle East and Africa (EMEA); and Asia-Pacific-Japan (APJ) region. About Nutanix Nutanix is a global leader in cloud software, offering organizations a single platform for running applications and managing data, anywhere. With Nutanix, companies can reduce complexity and simplify operations, freeing them to focus on their business outcomes. Building on its legacy as the pioneer of hyperconverged infrastructure, Nutanix is trusted by companies worldwide to power hybrid multicloud environments consistently, simply, and cost-effectively.
Yahoo
4 days ago
- Business
- Yahoo
Nutanix Survey: 99% of Healthcare Organizations Now Use GenAI, Face Data Security, Integration Challenges
Nutanix Inc. (NASDAQ:NTNX) is one of the best tech stocks to buy under $100. On July 1, Nutanix announced the findings of its seventh annual global Healthcare Enterprise Cloud Index/ECI survey and research report. This report measured cloud adoption progress in the healthcare industry and revealed that an astonishing 99% of healthcare organizations surveyed are currently using GenAI applications or workloads. These applications range from AI-powered chatbots to code co-pilots and clinical development automation. Despite rapid adoption, the majority of these organizations report that their current data security and governance measures are insufficient to fully support GenAI at scale. A close-up of a laptop screen displaying cloud platform application software. Healthcare leaders face several hurdles in integrating GenAI. The primary concern, which was flagged by 79% of respondents, is the difficulty in integrating GenAI with existing IT infrastructure. This is closely followed by the persistence of healthcare data silos (65%) and ongoing development challenges with cloud-native applications and containers (59%). Nutanix Inc. (NASDAQ:NTNX) provides an enterprise cloud platform in North America, Europe, the Asia Pacific, the Middle East, Latin America, and Africa. While we acknowledge the potential of NTNX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
Cherry Servers CEO Identifies Five Warning Signs of Excessive Cloud Spend Amid Growing Industry Shift
Flexera report shows 84 percent of companies struggle with cloud cost management as firms revisit on-premises vs cloud strategies Vilnius, Lithuania, July 04, 2025 (GLOBE NEWSWIRE) -- As more businesses evaluate the long-term financial impact of cloud adoption, Vaidas Rutkauskas, the CEO of cloud infrastructure provider Cherry Servers, is raising awareness around five key indicators that suggest companies may be overspending on their cloud infrastructure. Drawing on recent data from Flexera's 2024 State of the Cloud report, the CEO encourages enterprises to reassess their server cost management practices and explore viable cloud alternatives. Cherry Servers logoAccording to the report, 84 percent of organizations have difficulty managing cloud spend, with more than 27 percent of their cloud budget categorized as waste. These figures highlight the growing need for improved transparency and efficiency in how companies allocate resources across their digital infrastructure. 'There is a significant disconnect between expected savings and actual outcomes,' the CEO said. 'When businesses overlook hidden expenses such as underutilized resources, data transfer fees, and long-term storage, they risk turning their cloud strategy into a major cost center.' The industry is also seeing a noticeable increase in cloud repatriation, the process of moving workloads fully or partly back to private cloud or on-premises infrastructure, as enterprises seek to gain control over rising server costs. This shift reflects a deeper examination of private cloud benefits and advantages, particularly for organizations with strict compliance requirements or performance needs. Cherry Servers advises companies to watch for early signals of inefficiency, such as unpredictable billing, lack of usage visibility, and growing reliance on services that offer little return. By proactively tracking and analyzing these patterns, firms can reduce waste and better align their infrastructure with operational demands. Unpredictable billing: Fluctuating monthly charges complicate budgeting and lead to unplanned expenses. Lack of usage visibility: Difficulty tracking how cloud resources are used, resulting in unclear resource allocation. Underutilized resources: Cloud resources that aren't fully utilized, adding unnecessary costs. Data transfer fees: High charges for data movement into and out of cloud environments. Growing reliance on low-value services: Increased spending on services that deliver minimal business benefits. 'Companies must begin evaluating whether their workloads truly belong in the public cloud or if dedicated environments or hybrid cloud offer better cost and performance outcomes,' the CEO added. 'Understanding the trade-offs in the on-premises vs cloud conversation is essential.' As the cloud landscape evolves, Cherry Servers supports a balanced approach with private cloud infrastructure, combining cloud automation without needing to maintain on-premises servers. This strategy aims to maximize flexibility while reducing long-term costs and Kadi Arula Cherry Servers marketing@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-07-2025
- Business
- Yahoo
Reflecting On IT Services & Other Tech Stocks' Q1 Earnings: Applied Digital (NASDAQ:APLD)
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at Applied Digital (NASDAQ:APLD) and the best and worst performers in the it services & other tech industry. The IT and tech services subsector is poised for growth as businesses accelerate cloud adoption, AI-driven network automation, and edge computing deployments. While these seem like big, nebulous trends, they require very real products like switches and firewalls as well as implementation services. On the other hand, challenges on the horizon include intensifying competition from cloud-native networking providers, regulatory scrutiny over data privacy and cybersecurity, and potential supply chain constraints for networking hardware. While AI and automation will enhance network efficiency and security, they also introduce risks related to algorithmic bias, compliance complexity, and increased energy consumption. The 19 it services & other tech stocks we track reported a mixed Q1. As a group, revenues along with next quarter's revenue guidance were in line with analysts' consensus estimates. Luckily, it services & other tech stocks have performed well with share prices up 18.2% on average since the latest earnings results. Pivoting from its origins in cryptocurrency mining to become a key player in the AI infrastructure boom, Applied Digital (NASDAQ:APLD) designs and operates specialized data centers that provide high-performance computing infrastructure for artificial intelligence and blockchain applications. Applied Digital reported revenues of $52.92 million, up 22.1% year on year. This print fell short of analysts' expectations by 17.9%, but it was still a satisfactory quarter for the company with an impressive beat of analysts' EPS estimates. "We are confident in the progress we are making and remain committed to delivering sustainable, long-term value for our investors,' said Applied Digital Chairman and CEO Wes Cummins. Applied Digital delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 93.3% since reporting and currently trades at $10.39. Is now the time to buy Applied Digital? Access our full analysis of the earnings results here, it's free. With engineering centers across the Americas, Europe, and India serving Fortune 1000 companies, Grid Dynamics (NASDAQ:GDYN) provides technology consulting, engineering, and analytics services to help large enterprises modernize their technology systems and business processes. Grid Dynamics reported revenues of $100.4 million, up 25.8% year on year, outperforming analysts' expectations by 2%. The business had a very strong quarter with an impressive beat of analysts' EPS estimates and full-year revenue guidance beating analysts' expectations. Grid Dynamics delivered the fastest revenue growth among its peers. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 12% since reporting. It currently trades at $12.39. Is now the time to buy Grid Dynamics? Access our full analysis of the earnings results here, it's free. Born from the legendary Silicon Valley garage startup founded by Bill Hewlett and Dave Packard in 1939, HP (NYSE:HPQ) designs and sells personal computers, printers, and related technology products and services to consumers, businesses, and enterprises worldwide. HP reported revenues of $13.22 billion, up 3.3% year on year, exceeding analysts' expectations by 0.9%. Still, it was a disappointing quarter as it posted a significant miss of analysts' EPS estimates. As expected, the stock is down 4.7% since the results and currently trades at $26. Read our full analysis of HP's results here. Founded by Michael Dell in his University of Texas dorm room in 1984 with just $1,000, Dell Technologies (NYSE:DELL) provides hardware, software, and services that help organizations build their IT infrastructure, manage cloud environments, and enable digital transformation. Dell reported revenues of $23.38 billion, up 5.1% year on year. This number topped analysts' expectations by 1.1%. Zooming out, it was a softer quarter as it logged a significant miss of analysts' operating income estimates. The stock is up 10.3% since reporting and currently trades at $125.22. Read our full, actionable report on Dell here, it's free. Evolving from its roots in IT staffing to become a high-end technology consulting powerhouse, ASGN (NYSE:ASGN) provides specialized IT consulting services and staffing solutions to Fortune 1000 companies and U.S. federal government agencies. ASGN reported revenues of $968.3 million, down 7.7% year on year. This print beat analysts' expectations by 0.6%. More broadly, it was a slower quarter as it recorded a significant miss of analysts' EPS guidance for next quarter estimates and a miss of analysts' EPS estimates. The stock is down 9.7% since reporting and currently trades at $52.84. Read our full, actionable report on ASGN here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
