Author - Cigniti

Cigniti Technologies Ltd Net Profit up in Q1FY19

Hyderabad headquartered Cigniti Technologies Limited, a global leader in independent quality engineering services on Tuesday announced the consolidated financial results for the first quarter ended June 30, 2018.
The company's Net Profit ffor Q1FY19 stood at Rs 39.15 crore (Net Profit inclides one-time reversal of tax provision amounting Rs 13.62 crore in Cigniti Technologies Inc., USA) as against Net Loss of Rs 5.68 crore in Q1FY18, a company statement here said.

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Staying one step ahead with DevSecOps

Staying one step ahead with DevSecOps

Speakers: Rajesh Sarangapan,Vice President – Practice & Innovation, Cigniti Technologies, and, Lucas Von Stockhausen, Senior Product Manager, Application Security at Microfocus.

One of the top priorities of the IT leaders today is DevOps compliance. A lot of attention is paid to frequent feature releases, increased application stability, and better resource utilization. However, application security, that needs to be implemented at multiple points in the DevOps workflow, is seen as an inhibitor to the continuous delivery.

According to a Gartner survey “By 2019, more than 50% of enterprise DevOps initiatives will have incorporated application security testing for custom code, up from less than 10% in 2016.”

In this webinar, Rajesh Sarangapani, VP Delivery, Cigniti Technologies and Lucas Von Stockhausen, Senior Product Manager, Application Security, Microfocus discussed how security can be implemented in the DevOps environment.

In this on demand webinar, you will learn about:

  • Explore the existing state of the DevSecOps market
  • Discover the benefits of integrating security into CI/CD cycle
  • Prepare groundwork for a successful DevSecOps transformation
  • How Cigniti is implementing DevSecOps for its customers
  • Explore Microfocus Security tools and their alignment to DevSecOps

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Cigniti Technologies opens new Offshore Delivery Center at Hyderabad.

17th Aug 2018, Hyderabad, India: Cigniti Technologies, a global leader in independent quality engineering services company has opened its 4th offshore delivery center at Hyderabad, today. The facility was inaugurated by Mr. C V Subramanyam, Chairman and Managing Director of Cigniti Technologies.

The new facility with 37000 sq. ft. will accommodate around 400 employees. Overall Cigniti has around 2 lakh sq. ft. of space which accommodates over 2100 employees.

Speaking on the occasion, Mr. Subramanyam said, “this new facility would further help Cigniti cater to its strategic clients which also includes companies in Fortune 500 and Global 2000, to deliver high end software Quality Engineering solutions. This is another milestone in our journey towards becoming the world’s largest and most respected independent quality engineering services company.”

About Cigniti Technologies

Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC; www.cigniti.com), Global Leaders in Independent Software Testing (IST) Services, is headquartered at Hyderabad, India. Cigniti Technologies Inc., a Delaware incorporated corporation, with its principal place of business within US at Irving, Texas and King of Prussia, Philadelphia, is a wholly owned subsidiary of Cigniti Technologies Limited, India. Cigniti group’s 2000+ software testing specialists are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first IST Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2015 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance and Quality Assurance, powered by Mobile, IoT, Smart Meter, Medical and Robotics labs. Having served several Fortune 500 & Global 2000 companies, Cigniti has translated its R&D into BlueSwan, the next generation and proprietary test platform. Leading Analysts like Gartner, Forrester, NelsonHall, Everest, Frost & Sullivan, and Forbes have consistently mentioned, awarded, and commended Cigniti for its leadership and growth in the independent software testing services space.

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Cigniti Technologies Q1FY19 Net Profit at Rs 39.15 cr as against Q1FY18 Net loss of Rs 5.68 Cr

Q1FY19 Revenue grew by 16% to Rs. 194.71 cr

Consolidated Financial Performance for Q1FY19 vs Q1FY18 (Corresponding Quarter)

  • Revenue of 194.71 crore v/s. Rs. 168.48 crore [+16%]
  • EBITDA before exceptional items of 28.18 crore v/s. Rs. (0.09) crore
  • PAT at 39.15 crore v/s. Rs. (5.68) crore

Consolidated Financial Performance for Q1FY19 vs Q4FY18 (Sequential Quarter)

  • Revenue of 194.71 crore v/s. Rs. 178.64 crore [+ 9%]
  • EBITDA before exceptional items of 28.18 crore v/s. Rs. 21.23 crore
  • PAT at 39.15 crore v/s. Rs. 19.80 crore

Hyderabad, July 31, 2018: Cigniti Technologies Limited, a global leader in independent quality engineering services, today announced the consolidated financial results for the first quarter ended June 30, 2018.

The company’s Net Profit for Q1FY19 stood at Rs 39.15 crore (Net Profit includes one-time reversal of tax provision amounting Rs 13.62 crore in Cigniti Technologies Inc, USA) as against Net Loss of Rs 5.68 crore in Q1FY18.

The Company’s Revenue from operations for the quarter under consideration stood at Rs 194.71 crore as against Rs 168.48 crore in Q1FY18.

EBIDTA for the June quarter was at Rs 28.18 crore and EBIDTA margin stood at 14.5%.

Highlights for the quarter ended June 30, 2018

  • 30 clients added during the quarter
  • Focusing on new service lines such as IoT, Artificial Intelligence, Digital and Quality Engineering to cater to enterprises across the globe
  • Revenue from top 10 clients contributed approximately 30% of the Revenue
  • Travel, Transport & Hospitality sector contributed the most to the revenue for Q1FY19 followed by ISV and BFSI sectors
  • Revenue split geographically: North America – 84%, UK & Europe – 11%, Rest of the World 6%

Management Commentary

Commenting on the result Mr. C V Subramanyam, Chairman & MD - Cigniti Technologies said “Our performance during the quarter further accelerates our journey in becoming the world’s largest and most respected independent quality engineering services company. I am pleased with our healthy revenue growth and profitability in Q1. I would like to extend my gratitude to the dedicated employees and to our clients for their constant support. The company is confident of growing at an accelerated phase in the coming years.”

About Cigniti Technologies Limited

Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti’s 2100+ 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.

For further information, please contact:

Chintan Kotak/Sanjay Punjabi
Adfactors PR ltd
Mob: +91 9920865113/9821080048
Email: chintan.kotak@adfactorspr.com
Sanjay.punjabi@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

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Accelerating Your Microservices Testing with DevOps

Presenters: Temil Sanchez, Solutions Engineering Team Lead | SmartBear Software Inc., and, Chakri Devarakonda, Asst. Vice President, Enterprise Solutions Group | Cigniti Technologies Inc.

Organizations across the globe are being forced to evaluate scalable strategies for fast and easy API development, deployment, and consumption, as their customer worldwide continue to increase their adoption of applications on multiple platforms.

Microservices based service architectures help to eliminate complexity, effectively breaking the monolith and enabling organizations to scale their efforts, yet this frequently coincides with the problem of slower deployment.

In this webinar, we will discuss how adoption of microservices and DevOps practices can help you achieve your goal of faster development and delivery of high quality, strong performing APIs. We'll also cover:

  • Examples of microservices architecture
  • Leveraging DevOps for microservices implementation and delivery
  • Strategies to test microservices in an automated environment
  • Overview of tools and services for automated API testing
  • Demo of API testing tools

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How to fit Performance Testing Within a DevOps Environment

How to fit Performance Testing Within a DevOps Environment?

A DevOps environment demands shorter development cycles and a lot of automation. Performance testing is complex and takes time because it requires human action. So how can reliable and thorough performance tests be executed in this fast-paced environment and how can performance testing tools integrate with a DevOps tool chain?

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Accelerate Digital Transformation with DevOps

Accelerate Digital Transformation with DevOps

Want to know how DevOps can help accelerate Digital Transformation in your organization?
This webinar is tailor-made for you!

What you’ll learn

  • The business-critical need of Digital Transformation
  • How can you accelerate Digital Transformation with DevOps?
  • The need of Continuous Deployment to achieve faster time-to-market

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Gartner Positions Cigniti Technologies as a Niche Player in 2017 Magic Quadrant for Application Testing Services, Worldwide

This achievement reinforces our ability to provide world class IP Led testing and Quality Engineering services to clients of most sizes, helping them succeed in their Digital, Agile, and DevOps transformation initiatives. We have invested in our domain capabilities and over the years we have developed strong success stories in airlines, BFSI, high tech, retail, and energy & utilities verticals,” says Srikanth Chakkilam, CEO - Cigniti Technologies Inc.

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Gartner Positions Cigniti Technologies as a Niche Player in 2017 Magic Quadrant for Application Testing Services, Worldwide

HYDERABAD, India & DALLAS--(BUSINESS WIRE)--Cigniti Technologies has been positioned as a Niche Player in Gartner Magic Quadrant for Application Testing Services, Worldwide. Cigniti has been positioned in the Magic Quadrant for 3 years in a row.

“This achievement reinforces our ability to provide world class IP Led testing and Quality Engineering services to clients of most sizes, helping them succeed in their Digital, Agile, and DevOps transformation initiatives. We have invested in our domain capabilities and over the years we have developed strong success stories in airlines, BFSI, high tech, retail, and energy & utilities verticals,” says Srikanth Chakkilam, CEO - Cigniti Technologies Inc.

“Cigniti adopts a client-centric approach, adapting to clients' individual needs and their specific demands. Clients also appreciate our ability to turn around change requests fast, its customer centricity and its willingness to change in line with client demands. We have strong delivery capabilities, good timeliness on engagements, robust testing methodologies and frameworks, and high-caliber resources who are ready to go the extra mile on an engagement,” Srikanth added.

“Demand for better application quality is growing as organizations deal with pressure from digitalization and focus on customer experience.” Gartner mentioned in the Research.

The application testing service market, with a copious number of providers, is fast-growing. Both full IT services providers, and dedicated, pure-play application testing service providers coexist. Gartner is aware of about 300 companies in this market. This Magic Quadrant assesses 18 of the leading application service providers based on specified inclusion criteria.

Access the Magic Quadrant for Application Testing Services, Worldwide here.

About the Magic Quadrant
Gartner Magic Quadrant for Application Testing Services, Worldwide, Susanne Matson, Gilbert van der Heiden, 21 November 2017.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Cigniti Technologies
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing (IST) Services, is headquartered at Hyderabad, India. Cigniti’s 2000+ career testers are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first IST 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.

Media Contacts: Midhun.pingili@cigniti.com

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Even Minor Glitches And Breaches Can Kill Brands

Even Minor Glitches And Breaches Can Kill Brands. Read this article from Sairam Vedam, VP & Global Head-Marketing at Cigniti Technologies, talking about how such issues not only leads to financial losses but also smudges the image of the brand in the public sphere, and the role of Quality Assurance to prevent such situations.

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Cigniti Technologies appoints Srinath Batni as Independent Director on its Board.

27th August 2017, Hyderabad, India: Mr. Srinath Batni, global IT industry veteran, has joined the board of Cigniti Technologies Ltd. as an Independent Director. Mr. Batni was the Head of Delivery Excellence at Infosys and served on its board as a whole-time Director from May 2000 to July 31, 2014.

On this momentous occasion, Mr. C V Subramanyam, Chairman and Managing Director, Cigniti, said “Srinath’s rich experience in Delivery excellence will help us to excel in delivering projects efficiently, enhance client satisfaction, and bring in innovation. His advice will help the Cigniti Management drive further business growth. We firmly believe that his association, inputs, and strategic direction will help us further accelerate our journey towards becoming the world’s largest and most respected independent software testing services company.”

Commenting on this occasion, Mr. Srinath Batni said “As businesses are getting digitally transformed, the imminent need of delivering quality and agility together has become vital. The IP-led Quality Engineering approach of Cigniti ensures global enterprises and independent software vendors can stay ahead in the market leveraging the power of automated and intelligent software quality engineering”. He further added that “I am very happy to be a part of this exciting journey.”

Mr. Srinath Batni is a Co-Founder of Axilor Ventures. Mr. Batni served as Group Co-Head of Worldwide Customer Delivery at Infosys Limited. He served as Head-Delivery (GCARE) and Head of Strategic Groups & Co-Customer Delivery at Infosys Limited. From 1996 to 2000, he served as Senior Vice President and Head-Retail and Telecommunications Business Unit of Infosys Limited. He has been an Independent Director at AXISCADES Engineering Technologies Limited since August 08, 2014. He serves as Director of Infosys Technologies China (Shanghai) and Infosys Technologies Australia Pty Limited, subsidiaries of Infosys Technologies Ltd. Mr. Batni served as Whole-Time Director of Infosys Limited from May 2000 to July 31, 2014. Mr. Batni received a B.E. in Mechanical Engineering from Mysore University and an M.E. in Mechanical Engineering from the Indian Institute of Science, Bangalore.

About Cigniti Technologies:

Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC; www.cigniti.com), Global Leaders in Independent Software Testing Services, is headquartered at Hyderabad, India. Cigniti Technologies Inc., a Delaware incorporated corporation, with its principal place of business within US at Irving, Texas and King of Prussia, Philadelphia, is a wholly owned subsidiary of Cigniti Technologies Limited, India. Cigniti group’s 2300+ software testing specialists 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, Next Generation Testing, Core Testing, and cutting edge Mobile, IoT, and Robotics labs. Having served several Fortune 500 & Global 2000 companies, Cigniti has translated its R&D into BlueSwan, the next generation and proprietary test platform. Leading Analysts like Gartner, Forrester, NelsonHall, Everest, Frost & Sullivan, and Forbes have consistently mentioned, awarded, and commended Cigniti for its leadership and growth in the independent software testing services space.

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Meet the CTO Cigniti tapped to lead a serious transformation

The software development process is changing, and that means companies like Irving-based Cigniti Technologies have to adapt along with it.

The software testing company has traditionally been positioned toward the end of the IT life-cycle. As companies re-think the “waterfall” model and get more people involved in the process earlier, Cigniti has shifted to become fit for a DevOps process, which emphasizes collaboration.

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Cigniti Technologies: Ride the Quality Engineering with Agile Testing Services

Our CEO, Srikanth Chakkilam, in an interview with Insight Success Magazine says “Cigniti constantly realigns itself with the ever changing Digital World, and deliver exceptional services to outshine others”. Read the full interview to know how Cigniti is riding the Quality Engineering wave with Agile testing services.

Read the full interview here.

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Software Quality, Reliability, Security and Resilience as the Corner stone of Industrial Internet of Things

Cigniti’s VP & Global Head of Marketing & Demand Generation, Mr. Sairam Vedam’s keynote session on "Software Quality, Reliability, Security and Resilience as the Corner stone of Industrial Internet of Things" at the Industrial Internet of Things Conference at the Automation Expo of India held on Aug 10th at Mumbai. This conference was supported by the Department of Science and Technology, India.

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Cigniti Technologies Positioned as a Strong Performer in Continuous Testing Service Providers Evaluation by Independent Research

HYDERABAD, India--(BUSINESS WIRE)--Cigniti Technologies has been positioned as a Strong Performer in The Forrester Wave™: Continuous Testing Service Providers, Q3 2017. Forrester cited that Cigniti Technologies is among the top three global vendors for clients looking for independent and pure-play CT services focused on Agile DevOps.

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Cigniti Technologies Positioned as a Strong Performer in Continuous Testing Service Providers Evaluation by Independent Research Firm

Hyderabad, India, 10 Aug 2017: Cigniti Technologies has been positioned as a Strong Performer in The Forrester Wave™: Continuous Testing Service Providers, Q3 2017. Forrester cited that Cigniti Technologies is among the top three global vendors for clients looking for independent and pure-play CT services focused on Agile DevOps.

Speaking on this achievement, Srikanth Chakkilam, CEO – Cigniti Technologies, said “This positioning from Forrester testifies our forward-looking investments into IP-led automation centric CT services. Cigniti has been investing in the areas of DevOps, Agile, and CT since the last 18-24 months and has been able to deliver significant results for diverse clients. We have observed that Global 2000 companies, software product companies, and unicorns that we are working with the world over, have realized that CT is the key in achieving complete benefits of DevOps. Our competent quality engineering experts and partnerships with leading test automation and DevOps tool vendors put us in a very strong position to meet the expectations of modern day businesses.”

Forrester in the report states: “Cigniti Technologies differentiates its pure-play CT services with a DevOps focus. Cigniti Technologies, an India-based provider of pure-play testing services with a growing presence in the US and UK, is rapidly maturing its Agile and DevOps CT services. Cigniti stands out for its IP investments in BlueSwan, a comprehensive testing services platform accelerator; in LIQE, a US testing client community growing globally; and in an innovative, machine-learning-powered tool for analyzing user experience for the airline industry. These, coupled with Cigniti’s strong, diverse engineering skills and its DevOps consulting capabilities, support Cigniti in its shift. The vendor also has solid client programs, methods, and frameworks for CT transformation consulting. It provides a breadth of CT practices and services with points of excellence in test execution automation, test environment provisioning, and testing in production.”

About Cigniti:

Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 1800+ career testers 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, Next Generation Testing, and Core Testing.

Media Contacts: Midhun.pingili@cigniti.com

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Aviation Festival Europe 2017

Cigniti is Proud to be part of Aviation festival Europe.

Let’s meet during the event

Now in its 14th year the Aviation Festival brings together the most innovative airlines and airports to discuss all aspects of customer experience management.

No matter where your interest lies – low cost carriers, full service carriers, passenger experience, IT systems, retail or loyalty – we have content, networking and new partners for you!

6th Sept – Aviation Marketing Social Summit
6th Sept - Farelogix Invite Only Workshop
7th/8th Sept - Aviation Festival Conferences & Exhibition

 

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Know more at http://www.terrapinn.com/conference/aviation-festival-europe/ 

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