{"id":85323,"date":"2021-04-29T13:28:04","date_gmt":"2021-04-29T13:28:04","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=85323"},"modified":"2021-04-29T14:23:58","modified_gmt":"2021-04-29T14:23:58","slug":"cigniti-technologies-q4fy21-revenue","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-q4fy21-revenue\/","title":{"rendered":"Cigniti Technologies Q4FY21 Revenue"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]<strong>Cigniti Technologies Q4FY21 Revenue:<\/strong><br \/>\nConsolidated Revenue Rs. 233.02 crores and Net Profit Rs. 24.67 Cr<br \/>\nStandalone Revenue Rs. 84.65 crores and Net Profit Rs. 12.93 Cr<\/p>\n<table border=\"0\">\n<tbody>\n<tr>\n<td width=\"100%\"><strong><u>Consolidated Financial Performance for FY21 v\/s FY20 (Corresponding Year)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 896.53 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 871.97 <\/strong>crore [\u00e1 3<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 145.47<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 128.69<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 105.35<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 121.60<\/strong> crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q4FY21 v\/s Q4FY20 (Corresponding Year)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 233.02<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 233.04 <\/strong>crore [\u00e1 0<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 33.25<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 31.55<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 24.67 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 29.26<\/strong> crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q4FY21 v\/s Q3FY21 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 233.02 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 223.90<\/strong> crore [\u00e14<strong>%<\/strong>]<\/li>\n<li>EBITDA of <strong>Rs. 33.25<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 31.94<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 24.67<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 26.35 <\/strong>crore<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Hyderabad, April 29, 2021:<\/u><\/strong> Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended March 31, 2021.<\/p>\n<p>The company\u2019s reported Net Profit for Q4FY21 stood at Rs 24.67 crore as against Net Profit of Rs 26.35 crore in Q3FY21.<\/p>\n<p>The Company\u2019s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.02 crore as against Rs 223.90 crore in Q3FY21.<\/p>\n<p>EBIDTA for the March quarter was at Rs 33.25 crore and EBIDTA margin stood at 14.3%.<\/p>\n<p>In Q4FY21 the Board of Directors recommended dividend of Rs. 2.50\/- per share on face value of Rs. 10\/- each, subjected to the approval of shareholders in the Annual General Meeting of the Company.<\/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>\u201c<\/em><em>I am happy to announce that we delivered a good performance for Q4 and year ended FY21 which is in line with our goals. Even with COVID-19 disrupting the economy, we were able to lay a strong foundation and consolidate our position.\u201d<\/em><\/p>\n<p><em>\u201cWe continued to generate a positive cash flow. I am happy that the board recommended maiden dividend of 25% and as a part of prudent governance we have also approved a dividend policy for the benefit of the investors. The company has entered the new financial year with a healthy sales run rate and a good order book position and is confident of marching ahead positively in the coming years\u201d, he added. <\/em><\/p>\n<p><strong><u>Highlights for the quarter ended March 31, 2021<\/u><\/strong><\/p>\n<ul>\n<li>Revenue from top 5 clients contributed approximately 21.0% of the Revenue<\/li>\n<li>BFSI, Retail &amp; e-Commerce and Travel &amp; Transport sectors contributed the most to the revenue for Q4FY21<\/li>\n<li>Revenue split geographically: North America &amp; Canada \u2013 89%, UK &amp; Europe \u2013 7%, Rest of the World 4%<\/li>\n<\/ul>\n<p><strong><u>About Cigniti Technologies Limited<\/u><\/strong><br \/>\nCigniti 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.<u><\/u>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1619706385059{margin-bottom: 0px !important;}&#8221;]<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>Omkar Jalgaonkar \/ Raveena Shetty<\/strong><br \/>\nAdfactors PR ltd<br \/>\nMob: 9821080048 \/ 9870836138 \/ 9769539969<br \/>\nEmail: <a href=\"mailto:omkar.jalgaonkar@adfactorspr.com \">omkar.jalgaonkar@adfactorspr.com<\/a><br \/>\n<a href=\"mailto:raveena.shetty@adfactorspr.com\">raveena.shetty@adfactorspr.com<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner 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_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text]Cigniti Technologies Q4FY21 Revenue: Consolidated Revenue Rs. 233.02 crores and Net Profit Rs. 24.67 Cr Standalone Revenue Rs. 84.65 crores and Net Profit Rs. 12.93 Cr Consolidated Financial Performance for FY21 v\/s FY20 (Corresponding Year) Revenue of Rs. 896.53 crore v\/s. Rs. 871.97 crore [\u00e1 3%] EBITDA of Rs. 145.47 crore v\/s. Rs. 128.69 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-85323","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\/85323","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=85323"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/85323\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=85323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=85323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=85323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}