Investing.com - Sify reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that was inline with expectations.
Sify announced earnings per share of 2.98 on revenue of 9.27B. Analysts polled by Investing.com anticipated EPS of 2.97 on revenue of 9.27B.
Sify shares are down 11.46% from the beginning of the year, still down 31.74% from its 52 week high of 4.19 set on August 9, 2021. They are outperforming the Nasdaq which is down 14.78% from the start of the year.
Sify follows other major Communication Services sector earnings this month
Sify's report follows an earnings beat by Tencent ADR on March 23, who reported EPS of 1.54 on revenue of 22.64B, compared to forecasts EPS of 0.4745 on revenue of 23.04B.
Telkom Indonesia B ADR had missed expectations on Monday with first quarter EPS of 0.4544 on revenue of 2.59B, compared to forecast for EPS of 0.4571 on revenue of 2.59B.
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