Conference Call with Cyient Management and Analysts on Q3FY23 Performance and Outlook. Listen to the full earnings transcript.
IT consulting services company Cyient announced Q3FY23 results: Q3FY23: Group Revenue: Highest ever at Rs 1,618 crore with QoQ growth of 15.9% and YoY growth of 36.7% Group CC Revenue Growth at 13.4% QoQ and 28.6% YoY Normalized Group EBIT: Highest ever at Rs 209 crore with a margin of 12.9% Normalized PAT: Highest ever at Rs 163 crore, 47.5% QoQ, and 23.6% YoY Services Order Intake grew by 83% QoQ Offshoring at 46.2% Krishna Bodanapu, Managing Director and CEO, Cyient, said, "We have delivered a strong Q3 with industry-leading growth and earnings, which are up 35% QoQ. The key accounts grew by 22% YoY, and we have added two Fortune 500 companies to our customer list. Our focus on the five growth pillars has contributed to over 40% of our services pipeline. It is also encouraging to be continually positioned in the leader's quadrant by analyst groups such as Zinnov, ISG, and Everest across capabilities in multiple industries. This progress strengthens the conviction that our strategy and investments continue to contribute to the company's growth trajectory. As we enter 2023, I want to thank everyone at Cyient for a great quarter and look forward to a stronger Q4." Result PDF