Cigniti Technologies Q4FY22 Revenue

Consolidated Revenue Rs. 344.08 crores and Net Profit Rs. 22.60 Cr
Standalone Revenue Rs. 124.75 crores and Net Profit Rs. 9.18 Cr

Mumbai, May 4, 2022: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended March 31, 2022.

The company’s reported Net Profit for Q4FY22 stood at Rs 22.60 crore as against Net Profit of Rs 26.55 crore in Q3FY22.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 344.08 crore as against Rs 325.46 crore in Q3FY22.

EBIDTA reported for the quarter and year ended March 31, 2022 stood at Rs. 32.61 crore and Rs. 129.28 crores respectively. The Operational EBITDA after adjusting for non-recurring charges stood at Rs. 36.06 crore and 142.47 crores for the quarter and year ended March 31, 2022 respectively.

Other income includes net foreign exchange gain of Rs. 150.55 Cr. for the quarter ended March 31, 2022.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy to announce that we have continued to deliver another quarter with robust performance in an evolving market scenario. Our focus on the shift to digital assurance has further accelerated and we continue to maintain our growth momentum. Our growth will continue through newer technologies and offering digital transformation service. We are confident that we shall consistently continue to achieve our objectives and grow at an augmented phase in the coming years.

Further, I am glad to announce that Board has approved the acquisition of Aparaa Digital Private Limited (RoundSqr) for an all cash deal of $4.8mn. This acquisition will strengthen us in the digital space and accelerate our journey towards becoming digital assurance Company.”

Highlights for the quarter ended March 31, 2022

• Revenue from top 5 clients contributed approximately 22.08% of the Revenue
• BFSI, Travel & Transport and Retail & e-commerce sectors contributed the most to the revenue for Q4FY22
• Revenue split geographically: North America & Canada – 85%, UK & Europe – 8%, Rest of the World 7%.

About Cigniti Technologies Limited
Cigniti Technologies Limited (NSE: CIGNITITEC, BSE: 534758), global leader in providing IP-led, strategic digital assurance, software quality engineering, testing and consulting services, is headquartered in Dallas, USA with offices in USA, India, the U.K., UAE, Australia, Czech Republic and Singapore. Leading global enterprises including Fortune 500 & Global 2000, trust us to accelerate their digital transformation, continuously expand their digital horizons and assure their digital next. We bring the power of AI into Agile and DevOps and offer digital services encompassing intelligent automation, big data analytics, cloud migration assurance, 5G Assurance, Customer experience assurance and much more. Our IP, next-gen quality engineering platform, BlueSwan helps assure digital next by predicting and preventing unanticipated application failures, thereby assisting our clients in accelerating their adoption of digital.