{"id":90592,"date":"2022-05-04T13:38:34","date_gmt":"2022-05-04T13:38:34","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=90592"},"modified":"2022-05-04T13:38:34","modified_gmt":"2022-05-04T13:38:34","slug":"cigniti-technologies-q4fy22-revenue","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-q4fy22-revenue\/","title":{"rendered":"Cigniti Technologies Q4FY22 Revenue"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>Consolidated Revenue Rs. 344.08 crores and Net Profit Rs. 22.60 Cr<br \/>\nStandalone Revenue Rs. 124.75 crores and Net Profit Rs. 9.18 Cr<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"617\"><strong><u>Consolidated Financial Performance for FY22 v\/s FY21 (Corresponding Year)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 1,241.80 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 896.53 <\/strong>crore [\u00e1 38.5<strong>%<\/strong>]<\/li>\n<li>Reported EBITDA of <strong>Rs. 129.28<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 145.46<\/strong> crore<\/li>\n<li><strong>Normalized EBITDA of Rs. 142.47 crore <em>v\/s.<\/em> Rs. 145.46 crore<\/strong><\/li>\n<li>PAT of <strong>Rs. 91.74<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 105.35<\/strong> crore<strong><u>\u00a0<\/u><\/strong><\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q4FY22 v\/s Q4FY21 (Corresponding Year)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 344.08<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 233.02<\/strong> crore [\u00e1 47.7<strong>%<\/strong>]<\/li>\n<li>EBITDA reported of <strong>Rs. 32.61<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 33.25<\/strong> crore<\/li>\n<li><strong>Normalized EBITDA of Rs. 36.06 crore <em>v\/s.<\/em> Rs. 33.25 crore<\/strong><\/li>\n<li>PAT of <strong>Rs. 22.60 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 24.67 <\/strong>crore<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q4FY22 v\/s Q3FY22 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul>\n<li>Revenue of <strong>Rs. 344.08 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 325.46 <\/strong>crore<\/li>\n<li>EBITDA reported of <strong>Rs. 32.61<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 40.44<\/strong> crore<\/li>\n<li><strong>Normalized EBITDA of Rs. 36.06 crore <em>v\/s.<\/em> Rs. 40.4 crore<\/strong><\/li>\n<li>PAT of <strong>Rs. 22.60<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 26.55<\/strong> crore<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Mumbai, May 4, 2022:<\/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, 2022.<\/p>\n<p>The company\u2019s reported Net Profit for Q4FY22 stood at Rs 22.60 crore as against Net Profit of Rs 26.55 crore in Q3FY22.<\/p>\n<p>The Company\u2019s Consolidated Revenue from operations for the quarter under consideration stood at Rs 344.08 crore as against Rs 325.46 crore in Q3FY22.<\/p>\n<p>EBIDTA reported for the quarter and year ended March 31, 2022 stood at Rs. 32.61 crore and Rs. 129.28 crores respectively. The Operational EBITDA after adjusting for non-recurring charges stood at Rs. 36.06 crore and 142.47 crores for the quarter and year ended March 31, 2022 respectively.<\/p>\n<p>Other income includes net foreign exchange gain of Rs. 150.55 Cr. for the quarter ended March 31, 2022.<\/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 have continued to deliver another quarter with robust performance in an evolving market scenario. Our focus on the shift to digital assurance has further accelerated and we continue to maintain our growth momentum. Our growth will continue through newer technologies and offering digital transformation service. We are confident that we shall consistently continue to achieve our objectives and grow at an augmented phase in the coming years.<\/em><\/p>\n<p><em>Further, I am glad to announce that Board has approved the acquisition of Aparaa Digital Private Limited (RoundSqr) for an all cash deal of $4.8mn. This acquisition will strengthen us in the digital space and accelerate our journey towards becoming digital assurance Company.\u201d<\/em><\/p>\n<p><strong><u>Highlights for the quarter ended March 31, 2022<\/u><\/strong><\/p>\n<ul>\n<li>Revenue from top 5 clients contributed approximately 22.08% of the Revenue<\/li>\n<li>BFSI, Travel &amp; Transport and Retail &amp; e-commerce sectors contributed the most to the revenue for Q4FY22<\/li>\n<li>Revenue split geographically: North America &amp; Canada \u2013 85%, UK &amp; Europe &#8211; 8%, Rest of the World 7%.<\/li>\n<\/ul>\n<p><strong><u>About Cigniti Technologies Limited<\/u><\/strong><br \/>\nCigniti Technologies Limited (NSE: CIGNITITEC, BSE: 534758), global leader in providing IP-led, strategic digital assurance,\u202fsoftware quality engineering, testing and consulting services, is headquartered in Dallas, USA with offices in USA, India, the U.K., UAE, Australia, Czech Republic and Singapore. Leading global enterprises including Fortune 500 &amp; Global 2000, trust us to accelerate their digital transformation, continuously expand their digital horizons and assure their digital next. We bring the power of AI into Agile and DevOps and offer digital services encompassing intelligent automation, big data analytics, cloud migration assurance, 5G Assurance, Customer experience assurance and much more. Our IP, next-gen quality engineering platform,\u00a0BlueSwan\u00a0helps assure digital next by predicting and preventing unanticipated application failures, thereby assisting our clients in accelerating their adoption of digital.<\/p>\n<p>[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1634822045812{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>Chintan Kotak \/ Raveena Shetty<\/strong><br \/>\nAdfactors PR ltd<br \/>\nMob: 9920865113 \/ 9769539969<br \/>\nEmail: <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_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>Consolidated Revenue Rs. 344.08 crores and Net Profit Rs. 22.60 Cr Standalone Revenue Rs. 124.75 crores and Net Profit Rs. 9.18 Cr Consolidated Financial Performance for FY22 v\/s FY21 (Corresponding Year) Revenue of Rs. 1,241.80 crore v\/s. Rs. 896.53 crore [\u00e1 38.5%] Reported EBITDA of Rs. 129.28 crore v\/s. Rs. 145.46 crore Normalized EBITDA of [&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-90592","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\/90592","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=90592"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/90592\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=90592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=90592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=90592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}