Sify Shares Stuck, India AI Data-Center Bet Draws Traders
Sify Technologies’ ADRs closed at $17.24 on Nasdaq, up 2 cents after volatile trading. Annual revenue rose 13% to 44.88 billion rupees, EBITDA increased 31%, but net loss widened to 1.37 billion rupees. Data-center services accounted for 39% of revenue, up 23% year-over-year. The Nasdaq Composite finished up 0.03% at 27,093.90.