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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.

Automation testing

This a method of software testing that is used to automate repetitive and other testing tasks that are difficult to perform manually. This is done by using automation scripts or using automation tools.

It is one of the fastest growing markets and at the back of COVID-19, this is likely to grow further as companies look to cut cost. According to a report by Markets and Markets, automation testing market is estimated to touch $28.8 billion by 2024, growing at a compounded annual growth rate (CAGR) of 18 percent. The market size currently is about $12.6 billion.

According to Payscale, an automation engineer with up to four years of experience can earn about Rs 4 lakh to Rs 5 lakh per annum.

Cloud migration testing

Given the pace at which companies are adopting cloud, cloud migration testing could gain traction. This test is done to ensure that after migrating to cloud, there is no loss of data and all aspects of the application, both functional and non-functional, are intact. According to an Infosys blog, such testing is necessary to confirm that the performance of the website is unaffected or improves when compared to its earlier performance in the physical infrastructure.

An individual needs to have knowledge about cloud computing and tools such as SOASTA CloudTest. An average salary of cloud engineers is Rs 7,51,756 per annum.

Cybersecurity testing – Penetration testing/ethical hacking

remote working gaining traction, incidents of cyber threats have increased. Recently, Cognizant was attacked by a ransomware and said it could lose $50-70 million due to the attack.

Hence, cyber security testing is necessary to measure the effectiveness of a firm's cyber security strategy against an attack. It is also important to understand the vulnerabilities and guard against sophisticated attacks. For that penetration testing or ethical hacking is important.

An early stage penetration tester can earn close to Rs 5 lakh per annum. Those with over five years experience may earn as much as Rs 10 lakh per annum.

Blockchain testing

Blockchain in simple terms stores transactional data. One could imagine it as a chain of blocks with data, linked together using cryptography to make it secure.

According to Cigniti Technologies’, there are five popular tools for testing different aspects such as performance and user interface. These include Ethereum tester, BitcoinJ, Populus, Truffle and Embark.

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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.

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Cigniti Technologies Q3FY20 Revenue: Consolidated Revenue Rs. 217 crores and Net Profit Rs. 28 Cr Standalone Revenue Rs. 75 crores and Net Profit Rs. 15 Cr

Consolidated Financial Performance for Q3FY20 v/s Q3FY19 (Corresponding Year)

  • Revenue of

Rs. 216.75 crore v/s. Rs. 209.97 crore [á 3%]· EBITDA of Rs. 28.62 crore v/s. Rs. 38.70 crore

  • PAT of Rs. 28.11 crore v/s. Rs. 28.79 crore

Consolidated Financial Performance for Q3FY20 v/s Q2FY20 (Corresponding Quarter)

  • Revenue of Rs. 216.75 crore v/s. Rs. 214.60 crore [á 1%]
  • EBITDA of Rs. 28.62 crore v/s. Rs. 36.87 crore
  • PAT of Rs. 28.11 crore v/s. Rs. 35.72 crore
Consolidated Financial Performance for 9MFY20 v/s 9MFY19 (Corresponding Year)

  • Revenue of Rs. 638.93 crore v/s. Rs. 609.64 crore [á 5%]
  • EBITDA of Rs. 97.14 crore v/s. Rs. 103.61 crore
  • PAT of Rs. 92.34 crore v/s. Rs. 117.49 crore

Hyderabad, January 22, 2020: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended December 31, 2019.

The company’s Net Profit for Q3FY20 stood at Rs. 28.12 crore on a consolidated basis.

The Company’s Revenue from operations for the quarter under consideration stood at Rs. 216.75 crore as against Rs. 209.97 crore in Q3FY19 on a consolidated basis.

EBIDTA for the December quarter was at Rs. 28.62 crore and EBIDTA margin stood at 13.2%.

Other income includes net foreign exchange gain of Rs. 183.51 lakhs and net foreign exchange gain of Rs. 86.89 lakhs for the quarter and nine month ended December 31, 2019 respectively

Management Commentary

Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “This quarter our EBITDA is marginally low due to addition of manpower for commencement of new projects the billing of which commenced from Mid-November and we expect this to even out in the coming quarters. Additionally, we have made investment in sales and marketing cost which shall fuel growth in the subsequent quarters.”

Highlights for the quarter ended December 31, 2019

  • Revenue from top 5 clients contributed approximately 20.6% of the Revenue
  • Travel, Transport, Health Care & BFSI sector contributed the most to the revenue for Q3FY20
  • Revenue split geographically: North America & Canada – 84%, UK & Europe – 12%, Rest of the World 4%

About Cigniti Technologies Limited

Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC, www.cigniti.com), Global Leaders in Independent Quality Engineering & Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 2,500+ experienced professionals are spread across US, UK, India, Australia, and Canada. Cigniti is CMMI-SVC Level 5 (v1.3) appraised and is ISO 13485:2016, ISO 9001:2015, & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

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

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Cigniti Technologies wins the ‘Corporate Leader of the Year’ award at the 15th Indo-American Corporate Excellence (I-ACE) Awards

September 2019: Mr. Nitin Gadkari, Hon’ble Minister for Road Transport & Highways of India and Ministry of MSME, presented the ‘Corporate Leader of the Year’ award to Mr. C V Subramanyam Chairman & MD, Cigniti Technologies at the 15th Indo-American Corporate Excellence (I-ACE) Awards on Friday, September 20, 2019, in Mumbai. The award recognizes businesses which have served as an industry benchmark, showcased high performance, and discharged their fiduciary duties to all stakeholders effectively.

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Cigniti Technologies consolidated net profit rises 404.89% in the September 2018 quarter

Sales rise 21.26% to Rs 204.96 crore

Net profit of rose 404.89% to Rs 49.53 crore in the quarter ended September 2018 as against Rs 9.81 crore during the previous quarter ended September 2017. Sales rose 21.26% to Rs 204.96 crore in the quarter ended September 2018 as against Rs 169.02 crore during the previous quarter ended September 2017. ParticularsQuarter EndedSep. 2018Sep. 2017% Var.Sales204.96169.02 21 OPM %18.138.26 -PBDT56.9711.57 392 PBT56.2710.89 417 NP49.539.81 405

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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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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 (BSE: 534758, NSE: CIGNITITEC, www.cigniti.com), Global Leaders in Independent Quality Engineering & Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 2,500+ experienced professionals are spread across US, UK, India, Australia, and Canada. Cigniti is CMMI-SVC Level 5 (v1.3) appraised and is ISO 13485:2016, ISO 9001:2015, & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

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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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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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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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.

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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’ growth story in U.K. gets recognition from London’s Deputy Mayor for business and chair of London & Partners, Mr. Rajesh Agarwal.

In his interview, while talking about major tech investments in London, he said companies like Cigniti Technologies are leveraging London’s status as one of the world’s leading financial centres and Europe’s largest technology hub, and adding value to the technology domain.

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Cigniti Technologies appoints three Industry Leaders as Independent Directors on its Board.

Cigniti Technologies Ltd., a global leader in independent software testing services company, has further strengthened its board by appointing three (3) industry leaders – Mr. R.K. Agarwal, a qualified Chartered Accountant, Mr. Phaneesh Murthy, a global IT industry veteran, and Ms. Nooraine Fazal, Managing Trustee, CEO & Co-Founder of Inventure Academy,  on its Board as Independent Directors.

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