Commendable Show on All Counts; FY18 Looks Encouraging Cyient has delivered a strong show in 4QFY17 - on expected lines - with its USD revenue growing by a healthy 3.8% QoQ (3.6% in CC terms) to US$141mn. A healthy 3.3% sequential growth in Core Services business is a positive factor, in our view. While the DNO business grew by a good pace of 3% QoQ, the ENGG business clocked a solid 3.5% QoQ growth. DLM segment grew by 8% QoQ vs. our expectation of double-digit growth. The Management looks forward to an encouraging FY18 with double-digit growth in the Core Services business, 20% growth in DLM, 50bps expansion in EBITDA margin (led by Core Services) and double-digit growth in earnings....