Conference Call with Cyient Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
Software & services company Cyient declares Q3FY22 result: Group revenue at $157.9 Mn; growth of 11.7% YoY and 5.2% QoQ (5.9% in CC) Services revenue at $129.1 Mn; growth of 11.9%YoY and 3.6% QoQ (4.4% in CC) DLM revenue at $28.8 Mn; growth of 10.6% YoY and 12.8% QoQ Group EBIT margin at 13.9% up by 272 bps YoY and down by 14 bps QoQ Group EBIT for Q3 at INR 1,642 Mn and Services EBIT for Q3 at INR 1,512 Mn are highest ever Services EBIT margin at 15.6% up by 435 bps YoY and up by 14 bps QoQ; highest ever Free Cash Flow generation for the quarter at INR Rs 1,596 Mn, a conversion of 71.0% on EBITDA (conversion of 121.2%on PAT) PAT at Rs 1,317 Mn for the quarter; growth of 38.0% YoY and 8.5% QoQ Commenting on the results, Mr. Krishna Bodanapu, Managing Director and Chief Executive Officer, said "We have delivered another robust quarter on the back of strategic wins and partnerships. Most operating parameters are at historical highs, and we are confident we can build on this and continue to deliver accelerated performance. Our focus continues to be a trusted tech solutions partner for our customers in their transformation journeys to address the megatrends of the next decade. Our investments in technology and automation have empowered our delivery and operations to deliver continued customer success amidst the challenges posed by yet another surge of COVID. I am grateful to our associates for their unwavering commitment in these challenging times." Result PDF