Cyient (CYL) has cautioned about a weak Q4FY19, impacted by client specific issues in both services and DLM business. Thus it will miss its FY19 revenue guidance. The services business has seen deals for some of its key clients in Aerospace & Defense and Communications verticals (58% of services revenue) being deferred to FY20. While DLM business was impacted by delay in regulatory clearances for one of its client. We cut our consolidated revenue (in US$) and EPS forecast for FY19/20 by 2.1%/2.2% and 4.7%/4.8% respectively. We introduce FY21 financials and factor the impact of...