Cigniti Technologies Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 31, 2018 at 08:39 am
Share
Cigniti Technologies Limited announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the consolidated company reported revenue from operations of INR 1,771.387 million against INR 1,566.229 million a year ago. Profit before tax was INR 81.026 million against loss of INR 194.330 million a year ago. Net profit was INR 85.521 million against loss of INR 211.965 million a year ago. Diluted earnings per share were INR 3.00 against loss of INR 7.97 a year ago.
For the nine months, the consolidated company reported revenue from operations of INR 5,146.365 million against INR 4,919.265 million a year ago. Profit before tax was INR 134.523 million against INR 274.512 million a year ago. Net profit was INR 123.737 million against INR 70.588 million a year ago. Diluted earnings per share were INR 4.50 against INR 2.57 a year ago.
For the quarter, the standalone company reported revenue from operations of INR 585.044 million against INR 668.428 million a year ago. Profit before tax was INR 27.988 million against INR 121.237 million a year ago. Net profit was INR 22.677 million against INR 73.723 million a year ago. Diluted earnings per share were INR 0.83 against INR 2.68 a year ago.
For the nine months, the standalone company reported revenue from operations of INR 1,844.191 million against INR 1,737.564 million a year ago. Profit before tax was INR 180.024 million against INR 222.484 million a year ago. Net profit was INR 148.117 million against INR 151.821 million a year ago. Diluted earnings per share were INR 5.39 against INR 5.62 a year ago.
Cigniti Technologies Limited is an India-based engineering services company. The Company is primarily engaged in providing software testing services across the world. It offers services, including assurance, which includes test automation, security testing and regression testing; engineering, which includes agile testing, performance engineering and services virtualization; digital assurance, which includes cloud migration assurance, medical devices testing and robotic process automation; testing, which includes artificial intelligence testing, Internet of Things (IoT) testing and blockchain testing, and advisory and transformation, which includes test advisory and transformation services, the testing center of DevOps transformation. The Company serves industries, which includes airlines, banking, communications, energy and utilities, financial services, healthcare and life science, insurance, logistics, media and entertainment, and retail and e-commerce.
Cigniti Technologies Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017