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Fly News Breaks for July 18, 2019
SIFY
Jul 18, 2019 | 15:44 EDT
Ahead of the Q1 report due Wednesday, July 24, from Sify Technologies, Maxim analyst Allen Klee projected U.S. revenue of $76.8M and said he believes the quality of revenue is high "given that growth is all organic and over half of the company's sales come from recurring revenues." The analyst, who forecasts revenue growth of 13% in FY20 and 15% in FY21, keeps a Buy rating and $4 price target on Sify shares.
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