{"id":47743,"date":"2018-11-13T06:37:07","date_gmt":"2018-11-13T06:37:07","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=47743"},"modified":"2020-05-11T11:28:14","modified_gmt":"2020-05-11T11:28:14","slug":"cigniti-technologies-consolidated-q2fy19-net-profit-at-rs-49-53-cr-as-against-q2fy18-net-profit-of-rs-9-81-cr","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-consolidated-q2fy19-net-profit-at-rs-49-53-cr-as-against-q2fy18-net-profit-of-rs-9-81-cr\/","title":{"rendered":"Cigniti Technologies Consolidated Q2FY19 Net Profit at Rs 49.53 Cr as against Q2FY18 Net Profit of Rs 9.81 Cr"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<\/p>\n<h4><strong><em>Consolidated Q2FY19 Revenue clocked Rs. 204.96 Cr <\/em><\/strong><\/h4>\n<table>\n<tbody>\n<tr>\n<td width=\"617\"><strong><u>Consolidated Financial Performance for Q2FY19 v\/s Q2FY18 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 204.96 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 169.02 <\/strong>crores [\u00e1 21<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 37.14 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 13.96 <\/strong>crore<\/li>\n<li>PAT at <strong>Rs. 49.53 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 9.81 <\/strong>crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q2FY19 vs Q1FY19 (Sequential Quarter<\/u><\/strong><u> <\/u><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 204.96 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 194.71 <\/strong>crores [\u00e1 5<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 37.14 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 28.19 <\/strong>crore<\/li>\n<li>PAT at <strong>Rs. 49.53 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 39.15 <\/strong>crore<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Hyderabad, November 12, 2018<\/u><\/strong><u>:<\/u> Cigniti Technologies Limited, a global leader in independent quality engineering services, today announced the consolidated financial results for the second quarter ended September 30, 2018.<\/p>\n<p>The company\u2019s Net Profit for Q2FY19 stood at Rs 49.53 crore as against Net Profit of Rs 9.81 crore in Q2FY18.<\/p>\n<p>The Company\u2019s Revenue from operations for the quarter under consideration stood at Rs 204.96 crore as against Rs 169.02 crore in Q2FY18.<\/p>\n<p>EBIDTA for the September quarter was at Rs 37.14 crore and EBIDTA margin stood at 18.1%.<\/p>\n<p>Other income includes Net foreign exchange gain of Rs. 684.12 lakhs for the quarter ended September 30, 2018 (net foreign exchange gain of Rs. 566.99 lakhs for the quarter ended June 30, 2018) and export incentive of Rs. 1,646.23 lakhs pertaining to the period from April 2015 to September 2018 recognized in the current quarter based on the duty scrips grant received\/receivables.<\/p>\n<p><strong><u>Highlights for the quarter ended September 30, 2018<\/u><\/strong><\/p>\n<ul>\n<li>18 clients added during the quarter<\/li>\n<li>Focusing on new service lines such as IoT, Artificial Intelligence, Digital and Quality Engineering to cater to enterprises across the globe.<\/li>\n<li>Revenue from top 10 clients contributed approximately 30% of the Revenue<\/li>\n<li>Travel, Transport &amp; Hospitality sector contributed the most to the revenue for Q2FY19<\/li>\n<li>Revenue split geographically: North America &amp; Canada \u2013 84%, UK &amp; Europe \u2013 11%, Rest of the World 5%<\/li>\n<\/ul>\n<p><strong><u>Management Commentary<\/u><\/strong><\/p>\n<p>Commenting on the result <strong>Mr. C V Subramanyam, Chairman &amp; MD &#8211; Cigniti Technologies<\/strong> said \u201cI am happy that we continued in delivering another quarter of performance consistent over the last few quarters. We have been optimizing our cost and delivering an enhanced EBITDA and profitability over the last five quarters. \u00a0Our revenue pipeline is robust, and we anticipate to close large enterprise deals in the coming months which shall contribute to our revenue in a significant way. Our continued performance accelerates our journey in becoming the world\u2019s largest and most respected independent software testing and quality engineering services company.<em>\u201d<\/em><\/p>\n<p><strong><u>About Cigniti Technologies Limited<\/u><\/strong><\/p>\n<div>Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC, <a tabindex=\"-1\" title=\"https:\/\/coforge.site\/cigniti_new\" href=\"https:\/\/coforge.site\/cigniti_new\" target=\"_blank\" rel=\"noreferrer noopener\">www.cigniti.com<\/a>), Global Leaders in Independent Quality Engineering &amp; Software Testing Services, is headquartered at Hyderabad, India. Cigniti\u2019s 2,500+ experienced professionals are spread across US, UK, India, Australia, and Canada. Cigniti is CMMI-SVC Level 5 (v1.3) appraised and is ISO 13485:2016, ISO 9001:2015, &amp; ISO 27001:2013 certified. Cigniti\u2019s test offerings include Quality Engineering, Advisory &amp; Transformation, Digital Assurance, and Quality Assurance solutions.<\/div>\n<p><strong><u>For further information, please contact:<\/u><\/strong>[\/vc_column_text][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text]<strong>Midhun Pingili<\/strong><br \/>\nCigniti Technologies<br \/>\nMob: +91 8886093093<br \/>\nEmail: <a href=\"mailto:midhun.pingili@cigniti.com\">midhun.pingili@cigniti.com<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text] Consolidated Q2FY19 Revenue clocked Rs. 204.96 Cr Consolidated Financial Performance for Q2FY19 v\/s Q2FY18 (Corresponding Quarter) Revenue of Rs. 204.96 crore v\/s. Rs. 169.02 crores [\u00e1 21%] EBITDA of Rs. 37.14 crore v\/s. Rs. 13.96 crore PAT at Rs. 49.53 crore v\/s. Rs. 9.81 crore Consolidated Financial Performance for Q2FY19 vs Q1FY19 (Sequential Quarter [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-47743","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"featured_image_src":{"landsacpe":false,"list":false,"medium":false,"full":false},"_links":{"self":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/47743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/comments?post=47743"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/47743\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=47743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=47743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=47743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}