Conference Call with Cyient Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software firm Cyient Announced Q1FY23 Result : Cyient declares positive Q1 FY23 results fueled by large deals in Emerging and Innovative technology solutions Group revenue at INR 1250.1 crores with QoQ growth of 5.8% and YoY growth of 18.1% Group EBIT at INR 143.5 crores with a margin of 11.5% PAT at INR 116.1 crores, YoY growth of 0.9% Group and Services Order Intake grew by 18 % YoY Largest ever TCP win achieved in Q1 with a total of 6 Large deals amounting to US$ 424.3 million Constant Currency Revenue Growth at 4.4% QoQ and 15.8% YoY Commenting on the Q1 results, Krishna Bodanapu, Managing Director and CEO, Cyient, said, "Our performance this quarter has been strong with our revenue growing at over 18% YoY. Six large deals with a TCP of over US$ 424 million are a key indicator of our customers' trust in our digital and innovation capabilities. Our robust pipeline from high performing sectors like Communications, Mining, Healthcare Technology, and Automotive, strategic investments, and acquisitions show that our growth pillars continue to reap benefits for the business." Result PDF