Sector: IT /Mid-Cap | Earnings Update 4QFY19 Background: Cyient is a mid cap IT company with revenue of INR 46.2bn (FY19) specializing in engineering solutions, including product development and life cycle support, process, network & content engineering. In 4QFY19: revenue share from Americas (49.6%), Europe, Middle East, Africa (22.6%), and Asia Pacific (27.8%). Revenue share by business unit: Aerospace and Defense (36.4%), Transportation (11.7%), Semiconductor (5.0%), Medical & healthcare (3.3%), Utilities & Geospatial (13.5%), Communication (20.0%), I&ENR; (9.2%). Revenue contribution from Top 5 clients (31.8%), and Top 10 clients (43.0%), Total employees stood at 15,084....