Investing.com - Sify reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sify announced earnings per share of 2.24 on revenue of 7.78B. Analysts polled by Investing.com anticipated EPS of 2.22 on revenue of 8.23B.
Sify shares are down 7.12% from the beginning of the year, still down 48.98% from its 52 week high of 5.88 set on February 16, 2021. They are outperforming the Nasdaq which is down 11.44% from the start of the year.
Sify follows other major Communication Services sector earnings this month
Sify's report follows an earnings beat by Netflix on Thursday, who reported EPS of 1.33 on revenue of 7.71B, compared to forecasts EPS of 0.8328 on revenue of 7.71B.
Nextplay Technologies had missed expectations on January 13 with third quarter EPS of -0.1 on revenue of 4.2M, compared to forecast for EPS of -0.075 on revenue of 5.85M.
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