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Cigniti Technologies is now a proud Underwriter of PhillyCIO

PHILADELPHIA - (BUSINESS WIRE)- Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of PhillyCIO, a local arm of the InspireCIO Leadership Network. Together, they regularly convene leading CIOs, foster meaningful relationships and help CIOs thrive in today’s most challenging C-suite executive role.

As an Underwriter of PhillyCIO , Cigniti would be part of InspireCIO programs such as CIO Philadelphia Advisory Board Meetings, PhillyCIO Awards Nominee Event, PhillyCIO Awards Finalist Event, CIO Only Programs, CIO Wine Experience, and Philadelphia CIO of the Year ORBIE Awards and for the promotions purposes by leveraging the key resources to support the expansion.

Cigniti Technologies is now a proud Underwriter of PhillyCIO

PHILADELPHIA - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of PhillyCIO, a local arm of the InspireCIO Leadership Network. Together, they regularly convene leading CIOs, foster meaningful relationships and help CIOs thrive in today’s most challenging C-suite executive role.

As an Underwriter of PhillyCIO , Cigniti would be part of InspireCIO programs such as CIO Philadelphia Advisory Board Meetings, PhillyCIO Awards Nominee Event, PhillyCIO Awards Finalist Event, CIO Only Programs, CIO Wine Experience, and Philadelphia CIO of the Year ORBIE Awards and for the promotions purposes by leveraging the key resources to support the expansion.

Speaking on this association, Kalyan Rao Konda, President at Cigniti Technologies, said, “We are excited to be part of this association which brings together the CIOs across industries of Philadelphia. This association would help understand from the CIOs themselves the innovation and technology trends. This platform provides an opportunity for Cigniti to share the latest innovation and best practices related to Quality Engineering.”

Jen Wise, Executive Director of PhillyCIO, said, “We are thrilled to have Cigniti joining PhillyCIO as an Underwriter of the chapter. As an Underwriter, Cigniti will play an essential role in helping to connect local CIOs with their peers through year-round, non-commercial chapter programs and recognizing deserving Philadelphia-based CIOs through the annual PhillyCIO of the Year ORBIE Awards. Cigniti’s support of these programs provides ongoing opportunities to foster relationships among top CIOs. We look forward to working together to serve and celebrate the PhillyCIO community.”

InspireCIO programs are made possible through the corporate support of strategic partners known as Underwriters. These organizations represent the highest-level investors in local chapters and the senior executives of Underwriter organizations are regarded as peers by the CIOs serving on Advisory board of Philadelphia.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across US, Canada, UK, 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 & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

About PhillyCIO
PhillyCIO is the preeminent peer leadership network for Philadelphia chief information officers. PhillyCIO membership is comprised exclusively of CIOs (or equivalent executive roles) from public and private companies, government, education, healthcare and non-profit organizations.

PhillyCIO is led by a CIO Advisory Board which sets the annual program agenda for the association. Events are facilitated by a full-time Executive Director and professional staff. PhillyCIO events are CIO-led and attended solely by CIO-level executives.

Access the full coverage here

Contacts
Midhun Pingili, Midhun.pingili@cigniti.com

Enterprise Transformation in Financial Industry: Role of DevOps & Continuous Testing

Speakers:

Gerold Rajesh (Gerry) - SVP & Global Head of Quality Management at Brown Brothers Harriman
Pradeep Govindasamy - Chief Technology Officer & President at Cigniti Technologies

Abstract:

With the introduction of next-gen technologies like AI, ML, RPA, and big data, the industry is expanding the scope and capabilities of its service offerings for the sake of delivering better user experiences and higher convenience at speed. To embrace the latest tools and advanced technologies, financial organizations need a well-laid-out strategy and process.

In this webinar, Gerold Rajesh, SVP & Global Head of Quality Management at Brown Brothers Harriman, and Pradeep Govindasamy, CTO & President at Cigniti Technologies, will take you through the essentials of leading a DevOps-led enterprise transformation, empowered by continuous testing. They will explore the emerging trends in the financial services industry while touching upon the role of next-gen technologies in the sector.

Key Takeaways:

  • The DevOps imperative for navigating the transformation of your financial enterprise
  • The indispensable role of continuous testing in ensuring the success of DevOps practices
  • Achieving the right mix of automation, next-gen technologies, and approach for long-term transformation
  • Emerging quality trends in the financial services sector

Toyota Motor Corporation Australia Selects Cigniti Technologies as a Strategic Quality Engineering Partner

MELBOURNE, Australia - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Quality Engineering panel vendor for Toyota Motor Corporation Australia (TMCA), a subsidiary of Toyota Motor Corporation, to help accelerate its Quality & Digital transformation journey over the next 3 years.

Speaking on the occasion, Srikanth Chakkilam, CEO at Cigniti Technologies, said: “It is exciting and a proud moment for all of us at Cigniti to serve a leading automobile company. In this IOT enabled future of connected and autonomous vehicles, Technology will disrupt the entire automobile value chain. Software is going to greatly influence the future of the automobile industry. Digital transformation in the automobile industry will take place in the future across the value chain from the connected supply chain and manufacturing, to providing a virtual experience in the car buying process, Car Mobility as a Service, and autonomous driving. It is very important to ensure that high quality software will enhance the customer experience.”

Cigniti Tech Q2 net profit drops 29% to Rs 25 crore

IT firm Cigniti Technologies on Thursday posted a 29 per cent decline in its consolidated net profit at Rs 25 crore for the second quarter ended September 2020, mainly on account of a one-time provisioning against an income tax order.

The company had logged a net profit of Rs 35.72 crore in the same quarter a year ago.

Commenting on results, Cigniti Technologies Chief Financial Officer Krishnan Venkatchary told PTI that the company's year-on-year profit has come down on account of one-time write-off of around Rs 8.95 crore which was necessitated for an income tax order received around transfer pricing for 4 years between 2015-2018 in the US.

Toyota Motor Corporation Australia Selects Cigniti Technologies as a Strategic Quality Engineering Partner

MELBOURNE, Australia - (BUSINESS WIRE) - Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Quality Engineering panel vendor for Toyota Motor Corporation Australia (TMCA), a subsidiary of Toyota Motor Corporation, to help accelerate its Quality & Digital transformation journey over the next 3 years.

Speaking on the occasion, Srikanth Chakkilam, CEO at Cigniti Technologies, said: “It is exciting and a proud moment for all of us at Cigniti to serve a leading automobile company. In this IOT enabled future of connected and autonomous vehicles, Technology will disrupt the entire automobile value chain. Software is going to greatly influence the future of the automobile industry. Digital transformation in the automobile industry will take place in the future across the value chain from the connected supply chain and manufacturing, to providing a virtual experience in the car buying process, Car Mobility as a Service, and autonomous driving. It is very important to ensure that high quality software will enhance the customer experience.”

Cigniti has been working with Toyota Australia since 2017. This new agreement with Cigniti will assist Toyota in increasing its automation cadence by achieving test automation and non-functional testing goals across multiple digital platforms.

Cigniti Australia has enabled over 80 organisations from Airlines, Government agencies, Banking and Financial Services, Insurance, Healthcare, Energy & Utilities and Manufacturing sectors in their software testing and quality assurance transformation journey in the past 6 years.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across Australia, UK, US, Canada, India, UAE and South Africa. We are a strategic quality engineering partner for leading global organisations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions. 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 9001:2015 & ISO 27001:2013 certified.

Access the full coverage here

Contacts
Mr. Midhun Pingili
midhun.pingili@cigniti.com

Cigniti’s Kalyana Rao Konda Joins the Board of Philadelphia Alliance for Capital and Technologies (PACT)

PHILADELPHIA - (BUSINESS WIRE) - Philadelphia Alliance for Capital and Technologies (PACT), an Affiliate of the Chamber of Commerce for Greater Philadelphia (The Chamber), inducted Kalyana Rao Konda, President at Cigniti Technologies into its board of directors, earlier this month.

Kalyana Rao Konda (Kalyan) is the President at Cigniti. He drives business growth and ensures client success for Cigniti and wears multiple hats including operational planning, sales management, marketing, partnership alliances, customer success, designing custom solutions and ensuring great service delivery. Kalyan is a thought leader in the Quality Engineering space, has been a speaker at multiple industry forums and has a patent pending at USPTO for intelligent test scenario generation.

Cigniti’s Kalyana Rao Konda Joins the Board of Philadelphia Alliance for Capital and Technologies (PACT)

PHILADELPHIA - (BUSINESS WIRE) - Philadelphia Alliance for Capital and Technologies (PACT), an Affiliate of the Chamber of Commerce for Greater Philadelphia (The Chamber), inducted Kalyana Rao Konda, President at Cigniti Technologies into its board of directors, earlier this month.

Kalyana Rao Konda (Kalyan) is the President at Cigniti. He drives business growth and ensures client success for Cigniti and wears multiple hats including operational planning, sales management, marketing, partnership alliances, customer success, designing custom solutions and ensuring great service delivery. Kalyan is a thought leader in the Quality Engineering space, has been a speaker at multiple industry forums and has a patent pending at USPTO for intelligent test scenario generation.

As a founding board member at PACT, Kalyan would work closely with PACT team to build a strong community in the region that is focused on collaboration and growth. PACT intends to become the go-to resource for fast growing companies and a driver of entrepreneurship and innovation in the Philadelphia region. Cigniti Technologies, global leader in Software Quality Engineering and Quality Assurance, has joined hands with PACT in this mission by becoming a Founding Leader of the alliance.

Speaking on this occasion, Kalyana Rao Konda, President at Cigniti Technologies, said, “I am very excited to be on the board of the PACT. I look forward to working with peer industry leaders, fellow members, and the PACT team to bring in greater collaboration, thought leadership and assist businesses and tech enthusiasts from multiple industries in the next generation trending technologies, various business models, first-hand experiences, and many more aspects of the tech-business transformation in the Philadelphia region.”

“We are excited to welcome Kalyan to the PACT Board of Directors. His experience and expertise will add tremendous value to our mission and strategic goals,” said Dean Miller, President and CEO of PACT. “Our Board’s dedication helps PACT provide and expand top notch programs and services to strengthen and grow our entrepreneurial community inclusively by addressing access and equity,” he added.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across US, Canada, UK, India, Australia, 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 & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

About PACT: PACT – Philadelphia Alliance for Capital and Technologies provides our members with valuable content and connections to capital, coaching, customers, and talent that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region.

Access the full coverage here

Contacts
Midhun Pingili
Midhun.pingili@cigniti.com

Cigniti Technologies is now a proud Underwriter of HoustonCIO

Houston, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of HoustonCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Houston IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Houston to a single platform.

As an Underwriter of HoustonCIO association, Cigniti would be a part of the Inspire CIO programs such as HoustonCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Houston CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Speaking on this association, Pradeep Govindasamy, President & CTO at Cigniti Technologies, said, “We are excited to be a part of this association with HoustonCIO, which brings together the CIOs across industries of Houston. This association would not only help understand the CIOs’ perspective about innovation, technology trends and the best practices being implemented across the verticals, but will also help the IT community of Houston to learn about the new generation technology leaders and their contributions via a vast leadership network on a single platform."

InspireCIO programs are made possible through the corporate support of strategic partners known as Underwriters. These organizations represent the highest-level investors in local chapters and the senior executives of Underwriter organizations are regarded as peers by the CIOs serving on the HoustonCIO Advisory Board.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across Australia, UK, US, Canada, 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 & Test Automation solutions, with customer-centricity at the core of the transformation.

About the Houston CIO Leadership Association:
HoustonCIO is the preeminent professional association for Houston chief information officers. It is a peer-based approach to helping CIOs maximize their leadership effectiveness, create value, reduce risk and share success. Our membership is comprised exclusively of CIOs (or equivalent executive roles) from public and private companies, government, education, healthcare and non-profit organizations.

For further details, please contact: Midhun.pingili@cigniti.com

Cigniti Technologies is now a proud Underwriter of CharlotteCIO

Charlotte, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of CharlotteCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Charlotte IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Charlotte to a single platform.

As an Underwriter of CharlotteCIO, Cigniti would be a part of the InspireCIO programs such as CharlotteCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Charlotte CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Speaking on this association, Pradeep Govindasamy, President & CTO at Cigniti Technologies, said, “We are excited to be a part of this association with CharlotteCIO, which brings together the CIOs across industries of Charlotte. This association would not only help understand the CIOs’ perspective about innovation, technology trends and the best practices being implemented across the verticals, but will also help the IT community of Charlotte to learn about the new generation technology leaders and their contributions via a vast leadership network on a single platform."

InspireCIO programs are made possible through the corporate support of strategic partners known as Underwriters. These organizations represent the highest-level investors in local chapters and the senior executives of Underwriter organizations are regarded as peers by the CIOs serving on the CharlotteCIO Advisory Board.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across US, Canada, Australia, UK, 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 & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings include QE, Advisory & Transformation, Digital Assurance, and QA solutions.

About CharlotteCIO:
CharlotteCIO is the preeminent professional association for Charlotte chief information officers. It is a peer-based approach to helping CIOs maximize their leadership effectiveness, create value, reduce risk and share success. Our membership is comprised exclusively of CIOs (or equivalent executive roles) from public and private companies, government, education, healthcare and non-profit organizations.

For further details, please contact: Midhun.pingili@cigniti.com

Cigniti Technologies is now a proud Underwriter of HoustonCIO

Houston, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of HoustonCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Houston IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Houston to a single platform.

As an Underwriter of HoustonCIO association, Cigniti would be a part of the Inspire CIO programs such as HoustonCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Houston CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Cigniti Technologies is now a proud Underwriter of CharlotteCIO

Charlotte, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of CharlotteCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Charlotte IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Charlotte to a single platform.

As an Underwriter of CharlotteCIO, Cigniti would be a part of the InspireCIO programs such as CharlotteCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Charlotte CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

London based BABB partners with Cigniti Technologies for software testing of their cryptocurrency platform

London, 1st Oct 2020: BABB, the blockchain banking and fundraising challenger partners with Cigniti Technologies to leverage its cutting-edge Quality Engineering expertise.

The BABB business model is primarily delivered via their mobile apps. BABB wanted to ensure their application is highly secure, provides the best user experience and keeps pace with changing market conditions. This demanded an intense and structured approach to testing across devices and platforms (iOS and Android).

Cigniti leveraged it’s proven mobile quality engineering methodology to perform both functional and non-functional testing of the BABB mobile app. The team executed user acceptance testing of the key user journeys that includes multiple functionalities and features. Cigniti also performed security testing in the form of dynamic application security testing, mobile application security testing and API security testing.

London based BABB partners with Cigniti Technologies for software testing of their cryptocurrency platform

London based BABB partners with Cigniti Technologies for software testing of their cryptocurrency platform

London, 1st Oct 2020: BABB, the blockchain banking and fundraising challenger partners with Cigniti Technologies to leverage its cutting-edge Quality Engineering expertise.

The BABB business model is primarily delivered via their mobile apps. BABB wanted to ensure their application is highly secure, provides the best user experience and keeps pace with changing market conditions. This demanded an intense and structured approach to testing across devices and platforms (iOS and Android).

Cigniti leveraged it’s proven mobile quality engineering methodology to perform both functional and non-functional testing of the BABB mobile app. The team executed user acceptance testing of the key user journeys that includes multiple functionalities and features. Cigniti also performed security testing in the form of dynamic application security testing, mobile application security testing and API security testing.

Speaking on the occasion, Srikanth Chakkilam, CEO of Cigniti Technologies said, “We are excited to be a part of BABB’s journey and look forward to growing in the space of cryptocurrency. Blockchain is being implemented across industries that will impact our day-to-day lives. It becomes imperative for organisations to pay heed to the quality and testing needs of these technologies.”

On this journey with Cigniti, Grant Van Wyk, CTO of Babb stated, “The current ‘unbanked’ world market of approximately 2 billion people represents a $380B untapped industry. Our launch in the UK is just the beginning. To be able to scale up and grow rapidly it was crucial to have an independent specialist ensure the quality of our platforms. Cigniti has demonstrated the steep learning curve and agility required to test such a platform.”

About BABB
BABB, a company that aims to become the World Bank for the Micro-Economy, stands for Bank Account Based Blockchain. It offers a hybrid decentralised financial service system using a utility ERC-20 token on the Ethereum network. Their vision is to increase businesses on a global scale by improving financial support in communities, help improve living conditions, and have an overall impact on countries and the global economy especially those underserved by traditional financial systems.

About Cigniti
Cigniti Technologies is a Global Leader in Independent QE & Software Testing Services. Cigniti’s 2,500+ experienced professionals are spread across the USA, UK, Europe, Canada, India, Dubai, Australia and South Africa. Cigniti’s test offerings include QE, Advisory & Transformation, Digital Assurance, and QA solutions.

Here’s what the CEO – Cigniti Technologies have to say about the IoT trends

Leader's Speak, Sukriti Yaduwanshi | 25 Sep 2020, 11:00 AM

Here’s what the CEO of Cigniti Technologies have to say about the IoT trends

Internet of Things (IoT) is a concept that utilizes these latest technologies to bring cohesiveness to the interactions between the multiple digital assets and devices. Edge computing enables IoT to augment analytics and data ingestion that helps analyze, measure, predict, visualize, and react to the new digital environment, making lives easier. Reducing data latency, boosting data transport speeds, and providing a conducive environment where connected devices can communicate with each other seamlessly is the future of IoT.

Check out the TechGig conversation with Srikanth Chakkilam here.

NelsonHall Recognizes Cigniti as a Leader in AI Testing & Overall Quality Engineering Capabilities

DALLAS - (BUSINESS WIRE) - Cigniti Technologies has been positioned as a Leader in NelsonHall Vendor Evaluation & Assessment Tool (NEAT) chart 2020 for AI Testing, Continuous Testing, and overall Quality Engineering capabilities.

Evaluating vendors on both their ‘ability to deliver immediate benefit’ and their ‘ability to meet client future requirements’, vendors are identified in one of four categories: Leaders, High Achievers, Innovators, and Major Players. Leaders are the vendors that exhibit both a high ability relative to their peers to deliver immediate benefit and a high capability relative to their peers to meet clients’ future requirements.

Speaking on the occasion, Srikanth Chakkilam, CEO – Cigniti Technologies said, “There is an increased adoption of AI-based systems across the industries to provide better customer experience and delivering quality applications at speed. Cigniti leverages AI to test as well as tests AI-based systems. Our AI-driven quality engineering approach for continuous testing (CT), Agile, and DevOps helps enterprises accelerate their digital transformation.”

NelsonHall recognizes Cigniti as a Leader in AI Testing & overall Quality Engineering capabilities

Dallas, TX, 8th Sep, 2020: Cigniti Technologies has been positioned as a Leader in NelsonHall Vendor Evaluation & Assessment Tool (NEAT) chart 2020 for AI Testing, Continuous Testing, and overall Quality Engineering capabilities.

Evaluating vendors on both their ‘ability to deliver immediate benefit’ and their ‘ability to meet client future requirements’, vendors are identified in one of four categories: Leaders, High Achievers, Innovators, and Major Players. Leaders are the vendors that exhibit both a high ability relative to their peers to deliver immediate benefit and a high capability relative to their peers to meet clients’ future requirements.

Speaking on the occasion, Srikanth Chakkilam, CEO – Cigniti Technologies said, “there is an increased adoption of AI-based systems across the industries to provide better customer experience and delivering quality applications at speed. Cigniti leverages AI to test as well as tests AI-based systems. Our AI-driven quality engineering approach for continuous testing (CT), Agile, and DevOps helps enterprises accelerate their digital transformation.”

“We continue to significantly invest in our IP, BlueSwan™ and enhance its capabilities, to create new IP-based solutions, such as AI-led test data management, test environment management and security engineering. We have enriched Verita and Velocita with the AI-based analytics use cases which are helping our enterprise clients to achieve significant acceleration in their org-wide test automation initiatives.” Srikanth added.

The NelsonHall Vendor Evaluation & Assessment Tool (NEAT) allows strategic sourcing managers to assess the capability of vendors across a range of criteria and business situations. It helps them identify the best performing vendors overall with a specific focus on AI testing, continuous testing, UX testing and more.

Commenting on this, Dominique Raviart, IT Services Practice Director at NelsonHall said, “Cigniti has expanded its capabilities toward continuous testing and functional automation. The company has a systematic IP strategy to bring further automation to QA in the context of continuous testing and agile projects. Cigniti has also quickly expanded its range of AI use cases; it is one of the few vendors that has invested in non-functional AI use cases, targeting security testing.”

Access the report here to understand the criteria for selecting a software testing services vendor.

About Cigniti:

Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing Services,   serving Fortune 500 and Global 2000 enterprises.    Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, Next-Gen testing and Quality Assurance solutions.

About NelsonHall:

NelsonHall is the leading global analyst firm dedicated to helping organizations understand the ‘art of the possible’ in digital operations transformation. With analysts in the U.S., U.K., and Continental Europe, NelsonHall provides buy-side organizations with detailed, critical information on markets and vendors (including NEAT assessments) that helps them make fast and highly informed sourcing decisions. NelsonHall’s research is based on rigorous, primary research, and is widely respected for the quality, depth and insight of its analysis.

Contact: Midhun.pingili@cigniti.com

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)

  • Revenue of Rs. 218.40 crore v/s. Rs. 207.58 crore [á 5.2%]
  • EBITDA of Rs. 36.05 crore v/s. Rs. 31.64 crore
  • PAT of Rs. 29.11 crore v/s. Rs. 28.50 crore

Consolidated Financial Performance for Q1FY21 v/s Q4FY20 (Corresponding Quarter)

  • Revenue of Rs. 218.40 crore v/s. Rs. 233.04 crore [-6.3%]
  • EBITDA of Rs. 36.05 crore v/s. Rs. 31.55 crore
  • PAT of Rs. 29.11 crore v/s. Rs. 29.26 crore

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.

For further information, please contact:

Sanjay Punjabi / Chintan Kotak / Raveena Shetty
Adfactors PR ltd
Mob:  9821080048 / 9920865113 / 9769539969
Email: sanjay.punjabi@adfactorspr.com
chintan.kotak@adfactorspr.com
raveena.shetty@adfactorspr.com

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

Top software testing skills that are high on demand

With software testing becoming more advanced and demand increasing, there is a need for reskilling the workforce as well.

Moneycontrol
Software testing is not what it was decade ago. In the last few years, it has transformed and has become part of boardroom conversations thanks to shift in new age technologies.

Srikanth Chakkilam, Chief Executive Officer, Cigniti Technologies, a specialised testing firm, told Moneycontrol that with the shift to new age testing areas there is a need for reskilling in this space as people will have to code and have knowledge of scripting language such as Python.

Specialised testing includes automation, cybersecurity, cloud migration and blockchain. According to a NelsonHall, overall software testing market and specialised testing services would touch $48 billion and $30 billion by 2023, a growth of 5.6 percent per annum.

Cigniti Q4 net profit slips 2 pc to Rs 29.2 cr

Cigniti Technologies, an engineering and software testing services provider, on Thursday said its consolidated net profit fell 2 per cent to Rs 29.26 crore in the March 2020 quarter.

Its net profit was at Rs 29.88 crore in the year-ago period, a statement said. The company's revenue from operations stood at Rs 233.04 crore in the quarter under review from Rs 206.44 crore in the year-ago period - a growth of 13 per cent, it added. For FY20, Cigniti's net profit was at Rs 121.60 crore, while revenue was at Rs 871.97 crore.

"As we move into FY-21, entire world is engulfed with challenges created by crisis. However, this situation shall open up new opportunities and it is all about how quickly we adopt and move forward with new normal and ensure the business continuity," C V Subramanyam, Chairman and MD of Cigniti Technologies, said.