Investing.com - Sify reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sify announced earnings per share of 2.23 on revenue of 7.38B. Analysts polled by Investing.com anticipated EPS of 0.7442 on revenue of 6.96B.
Sify shares are up 18% from the beginning of the year and are trading at 3.330 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 7.46% from the start of the year.
Sify follows other major Communication Services sector earnings this month
Sify's report follows an earnings beat by Alphabet C on Tuesday, who reported EPS of 27.26 on revenue of 61.88B, compared to forecasts EPS of 19.33 on revenue of 56.19B.
Facebook had beat expectations on Wednesday with second quarter EPS of 3.61 on revenue of 29.08B, compared to forecast for EPS of 3.04 on revenue of 27.85B.
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