Sidoti to hold a virtual conference » 09:0206/3006/30/20
ALOT, AP, AQMS, ARHH, BKEP, CRAI, DHX, DL, DRAD, EH, EMAN, GHM, III, JRSH, LCUT, LINC, LMB, LXU, MG, MYO, PERI, SGBX, SIFY, STRT, TISI, TUP, TWI, UTI, VSEC, VTNR, WSTG
Inaugural Microcap Virtual Conference will be held on June 30. Webcast Link
|Over a month ago|
Sify Technologies reports Q4 revenue INR5.74B vs. INR5.62B last year » 08:1605/0505/05/20
Mr. Raju Vegesna,…
Mr. Raju Vegesna, Chairman, said, "Every adversity presents an opportunity to rethink the way we do business. For some time now, Sify has been increasing the level of automation across our entire suite of services. And during the ongoing lockdown period, we have been able to perform remote commissioning and maintain high service levels without any major impact. I am incredibly proud of my team who are continuing to rise up to the challenges faced by our clients every day. The biggest lesson for the market from this lockdown is that there is no escaping the digital economy of tomorrow. Sify's future is in enabling that for our clients".
Sify Technologies discloses Nasdaq listing deficiency letter » 17:0804/2404/24/20
Sify Technologies received a letter from the Listing Qualifications Department of the Nasdaq Stock Market indicating that, based upon the closing bid price of the Company's common stock for the last 30 consecutive business days, the Company did not meet the minimum bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The letter also indicated that the Company will be provided with a compliance period of 180 calendar days in which to regain compliance. Given the extraordinary market conditions, Nasdaq has determined to toll the compliance periods for the bid price and market value of publicly held shares requirements through June 30, 2020. In that regard, on April 16, 2020, Nasdaq filed an immediately effective rule change with the Securities and Exchange Commission. As a result, the compliance periods for the Price-based Requirements will be reinstated on July 1, 2020. Accordingly, the Company has until December 28, 2020 to regain compliance with the bid price requirement.
|Over a quarter ago|
Sify Technologies partners with ZSAH to extend consulting practice into Europe » 09:1908/2208/22/19
Sify Technologies Limited…
Sify Technologies Limited is bringing its services to Europe in partnership with ZSAH Managed Technology Services. The partnership introduces a broader consulting practice from both organizations for the UK market.
Maxim sees solid organic growth for Sify Technologies » 15:4407/1807/18/19
Ahead of the Q1 report…
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.