Sify Tops Leader-Board (SIFY)

Posted in pre-market 
January 27th, 2010

Sify Technologies Limited (NASDAQ: SIFY) is the top gainer on earnings this morning, although it one that has been forgotten about by many traders and investors.  The company provides Internet, network, and e-commerce services primarily in India.  The company beat earnings expectations with revenue of $39.19  million, a gain of 18% from a year ago.  Its net profit was $9.46 million, but it had a one-time gain from legal matters under other income of $12.00 million.  Shares closed at $1.71 and we have a 22% gain to $2.09 on 65,453 shares as of 8:46 AM EST.

JON C. OGG

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