MUMBAI - Sify Technologies Limited (NASDAQ: NASDAQ:SIFY), an Indian Digital ICT solutions provider, has introduced its new GPU Cloud, dubbed CloudInfinit+AI Platform, which offers GPU-as-a-Service to enterprise cloud users. This service aims to provide accessible high-performance computing to a broader spectrum of clients, including startups and small businesses.
CloudInfinit+AI Platform is designed to support compute-intensive tasks such as machine learning, deep learning, and data analytics, among others. The platform allows users to scale GPU resources according to their workload demands, offering a flexible subscription model without the need for heavy upfront capital investment in hardware.
Vijay Bellam, Chief Product Officer at Sify, remarked that CloudInfinit+AI is a significant step in the company's evolution as a digital transformation partner. He highlighted Sify's recent achievement of becoming the first service provider in India to earn NVIDIA (NASDAQ:NVDA) DGX-Ready Data Center certification for liquid and air cooling. Bellam emphasized that the new GPU Cloud service would enhance Sify's portfolio and support hybrid cloud deployments with low-latency interconnects to hyperscale clouds and high-density colocation adjacent to the cloud, catering to a wide range of AI workloads.
Sify Technologies has garnered recognition for its corporate governance, winning multiple Golden Peacock awards. It has established a comprehensive suite of ICT services and solutions with a focus on the evolving requirements of the digital economy. Sify's infrastructure includes state-of-the-art Data Centers, the largest MPLS network in India, and partnerships with global technology leaders.
The company serves over 10,000 businesses across various sectors, extending its presence from more than 1600 cities in India to international locations in North America, the UK, UAE, and Singapore.
This news is based on a press release statement from Sify Technologies Limited and does not include any speculative content regarding the potential impact or significance of the new service.
In other recent news, Sify Technologies Limited demonstrated a robust performance in the second quarter of the fiscal year 2024/25. The company reported a 17% increase in revenue year-over-year, reaching INR 10,275 million, and a 29% rise in EBITDA to INR 1,963 million. Profits before and after tax were INR 87 million and INR 49 million, respectively. Sify's capital expenditure for the quarter was substantial at INR 2,594 million, and it maintained a strong cash balance of INR 7,574 million.
In terms of expansion, Sify increased its data center capacity by 6.5 megawatts in Mumbai and is investing in digital services, including AI. The company conveyed optimism about market trends and customer demand, especially from the enterprise sector and AI industry. Sify also revealed plans to refinance existing debt to support growth and maintain its market position amidst increasing foreign investment in India's data center market.
Finally, the company expects gross margins to remain steady at 34-36%, with anticipated increases in future depreciation and interest expenses. These developments provide investors with a comprehensive look at the company's recent financial performance and strategic initiatives.
InvestingPro Insights
Sify Technologies Limited's recent launch of its GPU Cloud service aligns with the company's focus on digital transformation and its position in the Diversified Telecommunication Services industry. According to InvestingPro data, Sify's revenue growth stands at 5.85% for the last twelve months as of Q2 2025, indicating a steady expansion in its business operations.
The company's new CloudInfinit+AI Platform could potentially contribute to future revenue growth, especially as it targets a broader client base including startups and small businesses. This strategic move may help Sify capitalize on the growing demand for AI and machine learning services.
InvestingPro Tips highlight that Sify's net income is expected to grow this year, which could be partially attributed to initiatives like the GPU Cloud service. Additionally, the company is trading at a low Price / Book multiple of 0.39, suggesting that it might be undervalued relative to its assets.
It's worth noting that Sify has shown a significant return over the last week (11.69%) and a strong return over the last month (60.48%), which could indicate positive market reception to recent developments like the GPU Cloud launch. However, investors should be aware that the stock generally trades with high price volatility.
For those interested in a deeper analysis, InvestingPro offers 12 additional tips for Sify Technologies, providing a more comprehensive view of the company's financial health and market position.
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