Cyient has maintained its FY18 outlook with a double digit growth for the services business, 20% growth in DLM and operating margin improvement of 50bps YoY. It has also increased dividend payout to up to 40% vs. 30% earlier. We factor Q2FY18 beat and increase our FY18/19 EPS by ~3%. We now forecast FY17-19E revenue (US$)/EPS CAGR of 13.6%/15.4%. We maintain BUY with new TP...