LYT - Lytus Technologies Launches Lytus Cloud Infrastructure Services

2024-03-07 09:24:17 ET

DENVER, Colo., Mar 07, 2024 ( 247marketnews.com )- Lytus Technologies Holdings (NASDAQ: LYT ) announced, after yesterday’s market close, that it launched Lytus Cloud, a suite of cloud infrastructure services that leverages the Company’s in-house technological expertise and one of the most popular open-source cloud management platforms.

Lytus Technologies is trading at $7.75, up $5.44 (+235.42%), on 5M shares.

Lytus Cloud is positioned to exploit the growing demand for high-performance computing infrastructure, fueled by advancements in deep tech such as natural language processing, large language models, and machine learning.

Dharmesh Pandya, CEO of Lytus Technologies, stated, “Lytus Cloud will serve as the foundational backbone for all of our technology-driven ventures, presenting us with a remarkable opportunity to build a cutting-edge platform that drives growth and revenue on a global scale.”

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