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07 May

Cigniti Technologies Q4FY20 Revenue

Cigniti Technologies Q4FY20 Revenue:
Consolidated Revenue Rs. 233.04 crores and Net Profit Rs. 29.26 Cr
Standalone Revenue Rs. 78.65 crores and Net Profit Rs. 15.79 Cr

Consolidated Financial Performance for FY20 v/s FY19 (Corresponding Year)

  • Revenue of Rs. 871.97 crore v/s. Rs. 816.08 crore [á 7%]
  • EBITDA of Rs. 128.69 crore v/s. Rs. 132.77 crore
  • PAT of Rs. 121.60 crore v/s. Rs. 147.36 crore

Consolidated Financial Performance for Q4FY20 v/s Q4FY19 (Corresponding Year)

  • Revenue of Rs. 233.04 crore v/s. Rs. 206.44 crore [á 13%]
  • EBITDA of Rs. 31.55 crore v/s. Rs. 28.82 crore
  • PAT of Rs. 29.26 crore v/s. Rs. 29.88 crore

Consolidated Financial Performance for Q4FY20 v/s Q3FY20 (Corresponding Quarter)

  • Revenue of Rs. 233.04 crore v/s. Rs. 216.75 crore [á 8%]
  • EBITDA of Rs. 31.55 crore v/s. Rs. 28.62 crore
  • PAT of Rs. 29.26 crore v/s. Rs. 28.11 crore

Mumbai, May 7, 2020: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter and year ended March 31, 2020.

The company’s Net Profit for FY20 stood at Rs 121.60 crore as against Net Profit of Rs 147.36 crore in FY19.

The company’s Net Profit for Q4FY20 stood at Rs 29.26 crore as against Net Profit of Rs 29.88 crore in Q4FY19; a decrease of 2% Y-o-Y.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.04 crore as against Rs 206.44 crore in Q4FY19.

EBIDTA for the March quarter was at Rs 31.55 crore and EBIDTA margin stood at 13.5%.

The company’s Net Profit for Q4FY20 stood at Rs 29.26 crore for the quarter ended March 31, 2020 as against Rs. 28.11 crore for the quarter ended December 31, 2019; an increase of 4% Q-o-Q.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy to announce that Cigniti Technologies Ltd. has maintained a positive growth in FY20. I would like to extend my gratitude to our dedicated employees, clients and other stakeholders for their constant support in these trying times.

“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. I am confident that industries like Healthcare, Communication, Edu-tech, Public sector, e-commerce, etc. where we have been serving enterprises will yield more revenues in the years to come” he added.

Highlights for the quarter ended March 31, 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 – 85%, UK & Europe – 11%, 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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