Mumbai, January 28, 2022: 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, 2021.
The company’s reported Net Profit for Q3FY22 stood at Rs 26.55 crore as against Net Profit of Rs 22.17 crore in Q2FY22.
The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 325.46 crore as against Rs 307.90 crore in Q2FY22.
EBIDTA for the December quarter was at Rs 40.44 crore and EBIDTA margin stood at 12.4 %.
Other income includes net foreign exchange loss of Rs. 0.70 Cr. for the quarter ended December 31, 2021.
Management Commentary
Commenting on the results Mr C V Subramanyam, Chairman & MD said, “We accomplished another quarter of good performance, enabling us to grow continuously to achieve our goals. We continue to remain focused on various avenues for growth and expansion plans. With disruptive changes in business models and the implementation of newer technologies, we are optimistic that the demand for digital assurance, quality engineering and software testing industry is on the rise globally. Digital transformation and adoption of newer technologies have resulted in an accelerated momentum in building clientele from different sectors and a strong pipeline for the coming years.”
Highlights for the quarter ended December 31, 2021
- Revenue from top 5 clients contributed approximately 21.8% of the Revenue
- BFSI, Travel & Transport and Retail & e-commerce sectors contributed the most to the revenue for Q3FY22
- Revenue split geographically: North America & Canada – 85%, UK & Europe – 8%, Rest of the World 7%.
