{"id":93226,"date":"2022-10-20T11:39:15","date_gmt":"2022-10-20T11:39:15","guid":{"rendered":"https:\/\/coforge.site\/cigniti_new\/?p=93226"},"modified":"2022-10-27T11:49:13","modified_gmt":"2022-10-27T11:49:13","slug":"cigniti-technologies-q2fy23-revenue","status":"publish","type":"post","link":"https:\/\/coforge.site\/cigniti_new\/cigniti-technologies-q2fy23-revenue\/","title":{"rendered":"Cigniti Technologies Q2FY23 Revenue"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_column_text]Consolidated Revenue Rs. 416.65 crores and Net Profit Rs. 41.53 Cr<br \/>\nStandalone Revenue Rs. 172.64 crores and Net Profit Rs. 26.09 Cr<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"617\"><strong><u>Consolidated Financial Performance for Q2YF23 v\/s Q2FY22 (Corresponding Year)<\/u><\/strong><\/p>\n<ul style=\"list-style-type: inherit; padding-left: 40px;\">\n<li>Revenue of <strong> 416.65 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 307.90<\/strong> crore [<i class=\"fa fa-arrow-up\"><\/i>35%]<\/li>\n<li>Reported EBITDA of <strong> 60.76<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 31.92<\/strong> crore [<i class=\"fa fa-arrow-up\"><\/i>90%]<\/li>\n<li>PAT of <strong> 41.53<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 22.17 <\/strong>crore [<i class=\"fa fa-arrow-up\"><\/i>87%]<\/li>\n<\/ul>\n<p><strong><u>Consolidated Financial Performance for Q2FY23 v\/s Q1FY23 (Corresponding Quarter)<\/u><\/strong><\/p>\n<ul style=\"list-style-type: inherit; padding-left: 40px;\">\n<li>Revenue of <strong> 416.65 <\/strong>crore <em>v\/s.<\/em> <strong>Rs. 377.97 <\/strong>crore [<i class=\"fa fa-arrow-up\"><\/i>10%]<\/li>\n<li>EBITDA reported of <strong> 60.76<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 44.55<\/strong> crore [<i class=\"fa fa-arrow-up\"><\/i>36%]<\/li>\n<li>PAT of <strong> 41.53<\/strong> crore <em>v\/s.<\/em> <strong>Rs. 31.00<\/strong> crore [<i class=\"fa fa-arrow-up\"><\/i>34%]<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<table>\n<tbody>\n<tr>\n<td width=\"617\"><strong><u>Consolidated Financial Performance for H1FY23 v\/s H1FY22 (Corresponding Year)<\/u><\/strong><\/p>\n<ul style=\"list-style-type: inherit; padding-left: 40px;\">\n<li>Revenue of <strong> 794.63 <\/strong>crore v\/s. <strong>Rs. 572.26 <\/strong>crore [<i class=\"fa fa-arrow-up\"><\/i>39%]<\/li>\n<li>EBITDA of <strong> 105.31 <\/strong>crore v\/s. <strong>Rs. 56.23 <\/strong>crore [<i class=\"fa fa-arrow-up\"><\/i>87%]<\/li>\n<li>PAT of <strong> 72.53 <\/strong>crore v\/s<strong>. Rs.<\/strong> <strong>42.59 <\/strong>crore [<i class=\"fa fa-arrow-up\"><\/i>70%]<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong><u>Hyderabad, October 20, 2022:<\/u><\/strong> Cigniti Technologies Limited, world\u2019s leading AI &amp; IP-led Digital Assurance and Digital Engineering services company, announced the consolidated financial results for the quarter ended September 30, 2022.<\/p>\n<p>The company\u2019s reported Net Profit for Q2FY23 stood at Rs 41.53 crore as against Net Profit of Rs 31.00 crore in Q1FY23.<\/p>\n<p>The Company\u2019s Consolidated Revenue from operations for the quarter under consideration increased by 10% to Rs. 416.65 crore as against Rs. 377.97 crore in Q1FY23.<\/p>\n<p>EBIDTA reported for the quarter ended September 30, 2022, stood at Rs. 60.76 crore up by 36% compared to Q1FY23.<\/p>\n<p><strong><u>Management Commentary<\/u><\/strong><br \/>\nCommenting on the results,\u00a0<strong>Mr. C V Subramanyam, Chairman &amp; MD,<\/strong>\u00a0said,\u00a0<em>&#8220;In the second quarter, Cigniti Technologies ably demonstrated its sustained growth across the verticals, highlighted by our strong Net Profit growth of 10.2%. I am confident that we will continue this growth momentum for the next few quarters.<\/em><\/p>\n<p><em>\u00a0<\/em><em>I am happy to update that the unveiling of our company&#8217;s new brand identity has revitalized our efforts to surpass all past expectations. This quarter also witnessed Cigniti Technologies being honored with the &#8216;Outstanding Contributor to the Indo-US Corridor\u2019 award. This is an outcome of the spirited efforts demonstrated by all the Cignitians, propelling us to the forefront of digital transformation in a leading tech-driven market such as the USA.\u201d<\/em><\/p>\n<p><strong><u>Highlights for the quarter ended September 30, 2022<\/u><\/strong><\/p>\n<ul style=\"list-style-type: inherit; padding-left: 40px;\">\n<li>Revenue from the top 5 clients contributed approximately 23.16% of the Revenue<\/li>\n<li>BFSI, Retail &amp; e-commerce and Travel &amp; Transport sectors contributed the most to the revenue for Q2FY23<\/li>\n<li>Revenue split geographically: North America &amp; Canada \u2013 85%, UK &amp; Europe \u2013 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) is the World\u2019s Leading AI &amp; IP-led Digital Assurance and Digital Engineering Services Company. Headquartered in Hyderabad, India, Cigniti\u2019s 4100+ employees help Fortune 500 &amp; Global 2000 enterprises across 24 countries accelerate their digital transformation journey across various stages of digital adoption and help them achieve market leadership by providing transformation services leveraging IP &amp; Platform-led innovation with expertise across multiple verticals and domains.<\/p>\n<p>To learn more, visit\u00a0<a href=\"https:\/\/coforge.site\/cigniti_new\/\">www.cigniti.com<\/a>.[\/vc_column_text][\/vc_column][\/vc_row][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>Raveena Shetty<\/strong><br \/>\nAdfactors PR ltd<br \/>\nMob: 9769539969<br \/>\nEmail: <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. 416.65 crores and Net Profit Rs. 41.53 Cr Standalone Revenue Rs. 172.64 crores and Net Profit Rs. 26.09 Cr Consolidated Financial Performance for Q2YF23 v\/s Q2FY22 (Corresponding Year) Revenue of 416.65 crore v\/s. Rs. 307.90 crore [35%] Reported EBITDA of 60.76 crore v\/s. Rs. 31.92 crore [90%] PAT of 41.53 crore v\/s. [&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-93226","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\/93226","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=93226"}],"version-history":[{"count":0,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/posts\/93226\/revisions"}],"wp:attachment":[{"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/media?parent=93226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/categories?post=93226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coforge.site\/cigniti_new\/wp-json\/wp\/v2\/tags?post=93226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}