{"id":86770,"date":"2021-07-23T16:32:36","date_gmt":"2021-07-23T16:32:36","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=86770"},"modified":"2022-02-01T10:59:21","modified_gmt":"2022-02-01T10:59:21","slug":"cigniti-technologies-q1fy22-revenue","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-q1fy22-revenue\/","title":{"rendered":"Cigniti Technologies Q1FY22 Revenue"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]Consolidated Revenue Rs. 264.36 crores and Net Profit Rs. 20.42 Cr<br \/>\nStandalone Revenue Rs. 93.88 crores and Net Profit Rs. 7.18 Cr<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"617\"><strong><u>Consolidated Financial Performance for Q1FY22 v\/s Q1FY21 (Corresponding Year)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 264.36<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 218.40 <\/strong>crore [<i class=\"fa fa-arrow-up\"><\/i> 21.0%]<\/li>\n<li>EBITDA of <strong>Rs. 24.31<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 36.06<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 20.42 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 29.11<\/strong> crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q1FY22 v\/s Q4FY21 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul>\n<li>\u00a0Revenue of <strong>Rs. 264.36 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 233.02<\/strong> crore [<i class=\"fa fa-arrow-up\"><\/i> 13.4%]<\/li>\n<li>EBITDA of <strong>Rs. 24.31<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 33.25<\/strong> crore<\/li>\n<li>PAT of <strong>Rs. 20.42<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 24.67 <\/strong>crore<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Mumbai, July 23, 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 June 30, 2021.<\/p>\n<p>The Company\u2019s Consolidated Revenue from operations for the quarter under consideration grew by 13.4% to Rs. 264.36 crore as against Rs<strong>. <\/strong>233.02 crore in Q4FY21.<\/p>\n<p>The company\u2019s Net Profit for Q1FY22 stood at Rs 20.42 crore as against Net Profit of Rs 24.67 crore in Q4FY21.<\/p>\n<p>EBIDTA for the June quarter was at Rs 24.31 crore and EBIDTA margin stood at 9.2%.<\/p>\n<p>Other income includes Net foreign exchange gain of Rs. 0.27 Cr. for the quarter ended June 30, 2021.<\/p>\n<p>During the current quarter, the Group has invested in additional manpower in line with its business transformation initiatives which has affected the current quarter profitability. \u00a0The addition in manpower has reduced the offshore utilization and expected to yield revenue in the coming quarter<\/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 that the first quarter of the fiscal year has been successful with improved performance coupled with increased efficiency and demand. As a company, we continue to consistently implement strategies to increase our market share as well as market size. Keeping in mind the increasing demand of the industry, we have made additions to our extensive product portfolio and services and are gearing up for further enhancing our offerings in the software testing industry.<\/em><\/p>\n<p><em>We are confident of building an even robust order book in the upcoming quarters and achieve steady growth on account of efficient order execution.\u201d<\/em><\/p>\n<p><strong><u>Highlights for the quarter ended June 30, 2021<\/u><\/strong><\/p>\n<ul>\n<li>Revenue from top 5 clients contributed approximately 20.8% of the Revenue<\/li>\n<li>BFSI, Travel &amp; Transport and Retail &amp; e-Commerce sectors contributed the most to the revenue for Q1FY22<\/li>\n<li>Revenue split geographically: North America &amp; Canada \u2013 85%, UK &amp; Europe \u2013 9%, Rest of the World 6%<\/li>\n<\/ul>\n<p><strong><u>About Cigniti Technologies Limited<\/u><\/strong><br \/>\nCigniti Technologies is a Global Leader in Independent Quality Engineering &amp; Software Testing services. Cigniti\u2019s 3,100+ experienced professionals are spread across US, UK, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing &amp; Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are\u202f<a href=\"https:\/\/coforge.site\/cigniti_new\/quality-engineering\/\">Quality Engineering<\/a>,\u202f<a href=\"https:\/\/coforge.site\/cigniti_new\/test-advisory-transformation-services\/\">Advisory &amp; Transformation<\/a>,\u202f<a href=\"https:\/\/coforge.site\/cigniti_new\/digital-assurance-testing\/\">Digital Assurance<\/a>, and\u202f<a href=\"https:\/\/coforge.site\/cigniti_new\/services\/\">Quality Assurance<\/a>\u202fsolutions.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1627058095800{margin-bottom: 0px !important;border-bottom-width: 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]Consolidated Revenue Rs. 264.36 crores and Net Profit Rs. 20.42 Cr Standalone Revenue Rs. 93.88 crores and Net Profit Rs. 7.18 Cr Consolidated Financial Performance for Q1FY22 v\/s Q1FY21 (Corresponding Year) Revenue of Rs. 264.36 crore v\/s. Rs. 218.40 crore [ 21.0%] EBITDA of Rs. 24.31 crore v\/s. Rs. 36.06 crore PAT of Rs. 20.42 [&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-86770","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\/86770","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=86770"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/86770\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=86770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=86770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=86770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}