IT Consulting & Software Cigniti Technologies declares Q4FY22 result: The Company accelerated its revenue in the current quarter by 5.7% to Rs. 325.46 Cr. in comparison to previous quarter. The Company during the quarter has won 18 new clients. Growth has been achieved with change in strategy of the company to work around Beyond testing and offering digital transformation services. While the company has initially planned this growth through organic and in organic growth, however with the enhanced investments in sales and development the company was able to achieve this growth and lay a foundation for the robust growth. Board has approved the acquisition of Aparaa Digital Private Limited a leading AI/ML, Data engineering, Analytics, and Blockchain services company that operates under the brand name RoundSqr for an all cash deal of $4.8mn. This acquisition is a step towards bolstering Cigniti’s strategic pursuit of becoming a specialized digital engineering and assurance services provider. 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. The company is optimistic that it shall be able to even out cost with various optimization measures it has initiated and coupled with volume growth. Overall, the current year can be termed as a growth and investment year. Result PDF