Cigniti Technologies Q1FY21 Revenue
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)
Consolidated Financial Performance for Q1FY21 v/s Q4FY20 (Corresponding Quarter)
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Mumbai, August 4, 2020: 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.
The company’s Net Profit for Q1FY21 stood at Rs 29.11 crore as against Net Profit of Rs 29.26 crore in Q4FY20.
The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 218.40 crore as against Rs 233.04 crore in Q4FY20.
EBIDTA for the June quarter was at Rs 36.05 crore and EBIDTA margin stood at 16.5%.
Other income includes Net foreign exchange gain of Rs. 2.26 Cr. for the quarter ended June 30, 2020
Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am pleased to announce that for the first quarter we have witnessed sustained growth performance on the back of increased efficiency and new opportunities. As a company, we are optimistic on new growth prospects and new strategies in the post COVID world with the emergence of digital innovation.”
Highlights for the quarter ended June 30, 2020
- Revenue from top 5 clients contributed approximately 20.2% of the Revenue
- Travel & Transport, BFSI and Retail & e-Commerce sector contributed the most to the revenue for Q4FY20
- Revenue split geographically: North America & Canada – 90%, UK & Europe – 6%, Rest of the World 4%
About Cigniti Technologies Limited
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing and Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti’s 2500+ employees are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance.
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Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com