Quick Win By The Algorithm: SIFY Benefits From Strong Financial Results – Stock Went Up 57% In Only 7 Days
Quick Win By The Algorithm
Sify Technologies Limited provides integrated information and communications technology solutions and services in India and internationally. The company operates through five segments: Telecom Services, Data Centre Services, Cloud and Managed services, Technology Integration Services and Application Integration Services. In addition, it provides Website design, development, content management, online assessment tools, and search engine optimization services; messaging and collaboration solutions; on-line testing engine and network management services; and on-line exam engine solutions. The company was formerly known as Sify Limited and changed its name to Sify Technologies Limited in October 2007. Founded in 1995, Sify has its headquarters in Chennai, India.
According to the last financial results reported by SIFY, the company has benefited from strong growth recently. Revenue increased 10% over the same quarter last year, to INR 4840 million. Sify’s EBITDA for the quarter was INR 716 million, an increase of 13% over the same quarter last year. Moreover, SIFY’s net profit for the quarter was INR 203 million, an increase of 29% over the same quarter last year.
“Last quarter, we had announced our Vertical go-to-market strategy across all our business segments,” said Sify CEO Kamal Nath about its second quarter. “I am happy to share that a mix of our Vertical strategy and our unique positioning as an ICT Services Provider and Integration partner for our clients, has resulted in sustained growth in order book, revenue and profitability.”
SIFY stock is up 221% over the past six months, 46% in the past month, and 22% in the last five days.
On January 1st, 2018, I Know First issued a bullish 7-day forecast for Sify Technologies Limited , Inc. (NASDAQ: SIFY). The forecast showed a signal of 5.06 and a predictability of 0.2. In accordance with the forecast, SIFY’s stock returned 57.06% over this period, solidifying another quick win by the I Know First algorithm.
Current I Know First subscribers received this bullish SIFY forecast on January 1st, 2018.
Disclaimer
Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.
