{"id":80132,"date":"2020-08-04T12:48:05","date_gmt":"2020-08-04T12:48:05","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=80132"},"modified":"2021-02-26T11:49:18","modified_gmt":"2021-02-26T11:49:18","slug":"cigniti-technologies-q1fy21-revenue","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-q1fy21-revenue\/","title":{"rendered":"Cigniti Technologies Q1FY21 Revenue"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<strong>Cigniti Technologies Q1FY21 Revenue:<br \/>\n<\/strong>Consolidated Revenue Rs. 218.40 crores and Net Profit Rs. 29.11 Cr<br \/>\nStandalone Revenue Rs. 72.99 crores and Net Profit Rs. 12.20 Cr<\/p>\n<p><strong><u>Consolidated Financial Performance for Q1FY21 v\/s Q1FY20 (Corresponding Year)<\/u><\/strong><\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"617\">\n<ul>\n<li>Revenue of <strong>Rs. 218.40 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 207.58 <\/strong>crore [\u00e1 5.2<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 36.05<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 31.64<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 29.11<\/strong> crore <em>v\/s.<\/em> <strong>Rs. <\/strong><strong>28.50 <\/strong>crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q1FY21 v\/s Q4FY20 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 218.40 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 233.04<\/strong> crore [-6.3<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 36.05<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 31.55<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 29.11<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 29.26<\/strong> crore<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Mumbai, August 4, 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 ended June 30, 2020.<\/p>\n<p>The company\u2019s Net Profit for Q1FY21 stood at Rs 29.11 crore as against Net Profit of Rs 29.26 crore in Q4FY20.<\/p>\n<p>The Company\u2019s Consolidated Revenue from operations for the quarter under consideration stood at Rs 218.40 crore as against Rs 233.04 crore in Q4FY20.<\/p>\n<p>EBIDTA for the June quarter was at Rs 36.05 crore and EBIDTA margin stood at 16.5%.<\/p>\n<p>Other income includes Net foreign exchange gain of Rs. 2.26 Cr. for the quarter ended June 30, 2020<\/p>\n<p><strong><u>Management Commentary<\/u><\/strong><\/p>\n<p>Commenting on the results <strong>Mr. C V Subramanyam, Chairman &amp; MD<\/strong> said, <em>\u201cI am pleased to announce that for the first quarter we have witnessed sustained growth performance on the back of increased <\/em><em>efficiency<\/em><em> and new opportunities. <\/em><em>As a company, we are optimistic on new growth prospects and new strategies in the post COVID world with the emergence of digital innovation.\u201d <\/em><em>\u00a0<\/em><\/p>\n<p><strong><u>Highlights for the quarter ended June 30, 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 90%, UK &amp; Europe \u2013 6%, Rest of the World 4%<\/li>\n<\/ul>\n<p><strong><u>About Cigniti Technologies Limited<\/u><\/strong><\/p>\n<p>Cigniti Technologies Limited (<a href=\"https:\/\/coforge.site\/cigniti_new\">www.cigniti.com<\/a>), Global Leaders in Independent Software Testing and Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti\u2019s 2500+ employees are spread across US, UK, India, Australia, and Canada. Cigniti is the world\u2019s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 &amp; ISO 27001:2013 certified. Cigniti\u2019s test offerings include Quality Engineering, Advisory &amp; Transformation, Digital Assurance, and Quality Assurance.<\/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]<strong>Sanjay Punjabi \/ Chintan Kotak \/ Raveena Shetty<br \/>\n<\/strong><strong>Adfactors PR ltd<\/strong><br \/>\nMob:\u00a0 9821080048 \/ 9920865113 \/ 9769539969<br \/>\nEmail: \u00a0\u00a0<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]<strong>Midhun Pingili<br \/>\n<\/strong>Cigniti 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 Q1FY21 Revenue: Consolidated Revenue Rs. 218.40 crores and Net Profit Rs. 29.11 Cr Standalone Revenue Rs. 72.99 crores and Net Profit Rs. 12.20 Cr Consolidated Financial Performance for Q1FY21 v\/s Q1FY20 (Corresponding Year) Revenue of Rs. 218.40 crore v\/s. Rs. 207.58 crore [\u00e1 5.2%] EBITDA of Rs. 36.05 crore v\/s. Rs. 31.64 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-80132","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\/80132","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=80132"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/80132\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=80132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=80132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=80132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}