{"id":76460,"date":"2020-05-07T15:21:05","date_gmt":"2020-05-07T15:21:05","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=76460"},"modified":"2022-03-07T11:23:51","modified_gmt":"2022-03-07T11:23:51","slug":"cigniti-technologies-q4fy20-revenue","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-q4fy20-revenue\/","title":{"rendered":"Cigniti Technologies Q4FY20 Revenue"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<strong>Cigniti Technologies Q4FY20 Revenue:<\/strong><br \/>\nConsolidated Revenue Rs. 233.04 crores and Net Profit Rs. 29.26 Cr<br \/>\nStandalone Revenue Rs. 78.65 crores and Net Profit Rs. 15.79 Cr<\/p>\n<p><strong><u>Consolidated Financial Performance for FY20 v\/s FY19 (Corresponding Year)<\/u><\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"617\">\n<ul>\n<li>Revenue of <strong>Rs. 871.97 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 816.08 <\/strong>crore [\u00e1 7<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 128.69<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 132.77 <\/strong>crore<\/li>\n<li>PAT of <strong>Rs. 121.60<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 147.36 <\/strong>crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q4FY20 v\/s Q4FY19 (Corresponding Year)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 233.04 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 206.44 <\/strong>crore [\u00e1 13<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 31.55<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 28.82 <\/strong>crore<\/li>\n<li>PAT of <strong>Rs. 29.26<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 29.88 <\/strong>crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q4FY20 v\/s Q3FY20 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 233.04<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 216.75<\/strong> crore [\u00e1 8<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 31.55<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 28.62<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 29.26<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 28.11<\/strong> crore<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Mumbai, May 7, 2020<\/u><\/strong><u>:<\/u> Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter and year ended March 31, 2020.<\/p>\n<p>The company\u2019s Net Profit for FY20 stood at Rs 121.60 crore as against Net Profit of Rs 147.36 crore in FY19.<\/p>\n<p>The company\u2019s Net Profit for Q4FY20 stood at Rs 29.26 crore as against Net Profit of Rs 29.88 crore in Q4FY19; a decrease of 2% Y-o-Y.<\/p>\n<p>The Company\u2019s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.04 crore as against Rs 206.44 crore in Q4FY19.<\/p>\n<p>EBIDTA for the March quarter was at Rs 31.55 crore and EBIDTA margin stood at 13.5%.<\/p>\n<p>The company\u2019s Net Profit for Q4FY20 stood at Rs <strong>29.26 crore<\/strong> for the quarter ended March 31, 2020 as against <strong>Rs. 28.11 <\/strong>crore for the quarter ended December 31, 2019; an increase of 4% Q-o-Q.<\/p>\n<p><strong><u>Management Commentary<\/u><\/strong><br \/>\nCommenting on the results <strong>Mr. C V Subramanyam, Chairman &amp; MD<\/strong> said, <em>\u201cI am happy to announce that Cigniti Technologies Ltd. has maintained a positive growth in FY20. I would like to extend my gratitude to our dedicated employees, clients and other stakeholders for their constant support in these trying times.<\/em><\/p>\n<p><em>\u201cAs we move into FY-21, entire world is engulfed with challenges created by crisis. However, this situation shall open up new opportunities and it is all about how quickly we adopt and move forward with new normal and ensure the business continuity. I am confident that industries like Healthcare, Communication, Edu-tech, Public sector, e-commerce, etc. where we have been serving enterprises will yield more revenues in the years to come\u201d <\/em>he added.<\/p>\n<p><strong><u>Highlights for the quarter ended March 31, 2020<\/u><\/strong><\/p>\n<ul>\n<li>Revenue from top 5 clients contributed approximately 20.2% of the Revenue<\/li>\n<li>Travel &amp; Transport, BFSI and Retail &amp; e-Commerce sector contributed the most to the revenue for Q4FY20<\/li>\n<li>Revenue split geographically: North America &amp; Canada \u2013 85%, UK &amp; Europe \u2013 11%, Rest of the World 4%<\/li>\n<\/ul>\n<p><strong><u>About Cigniti Technologies Limited<br \/>\n<\/u><\/strong>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.<\/p>\n<p><strong><u>For further information, please contact:<\/u><\/strong>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_column_text]Sanjay Punjabi \/ Chintan Kotak \/ Raveena Shetty<br \/>\n<strong>Adfactors PR ltd<\/strong><br \/>\nMob: 9821080048 \/ 9920865113 \/ 9769539969<br \/>\nEmail: <a href=\"mailto:sanjay.punjabi@adfactorspr.com\">sanjay.punjabi@adfactorspr.com<\/a><br \/>\n<a href=\"mailto:chintan.kotak@adfactorspr.com\">chintan.kotak@adfactorspr.com<\/a><br \/>\n<a href=\"mailto:raveena.shetty@adfactorspr.com\">raveena.shetty@adfactorspr.com<\/a>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]Midhun Pingili<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][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Cigniti Technologies Q4FY20 Revenue: Consolidated Revenue Rs. 233.04 crores and Net Profit Rs. 29.26 Cr Standalone Revenue Rs. 78.65 crores and Net Profit Rs. 15.79 Cr Consolidated Financial Performance for FY20 v\/s FY19 (Corresponding Year) Revenue of Rs. 871.97 crore v\/s. Rs. 816.08 crore [\u00e1 7%] EBITDA of Rs. 128.69 crore v\/s. Rs. 132.77 crore [&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-76460","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\/76460","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=76460"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/76460\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=76460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=76460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=76460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}