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Business EconomyPosted at: Oct 14 2021 5:44PM


Cyient reports PAT at Rs 121.3 crore

Hyderabad, Oct 14 (UNI) IT firm Cyient, a global engineering, manufacturing, and digital technology solutions company, on Thursday reported a Profit After Tax (PAT) at Rs 121.3 crore for September 2021 quarter, registering Year-Over-Year growth of 44.7 per cent.
In a statement here, the Hyderabad-based company said it has celebrated 30 years of Technology Excellence during this period and accomplished a strong pipeline indicative of accelerated growth in strategic areas, including Digital, Embedded Software, Geospatial, Consulting, Semiconductor, and Network Transformation.
The Group Overall Revenue was Rs 1111.6 crore with YoY growth at 10.8 per cent, it said.
Cyient CEO and Managing Director Krishna Bodanapu, said, our performance this quarter has been very encouraging . Our strategic wins and recognition by analysts and customers across industries and technologies reaffirm that Cyient continues to be a trusted and innovative partner of choice.
The new global logos, the contribution of large deals, and the strong pipeline in place indicate that our growth pillars are delivering impact and will help accelerated growth in coming quarters, he said.
Mr Bodanapu said Cyient enhanced its additive manufacturing capabilities with our first metal additive manufacturing facility in Jupiter, Florida, following international support from SLM Solutions.
Cyient also strengthened its IntelliCyient Suite of Digital solutions with the acquisition of WorkForce Delta to further its offerings in field services transformation.
The Company has also expanded its digital solution portfolio for the aerospace industry with our global AS9145 Supplier PPAP4Aero platform offerings.
Reiterating its continuous commitment to foster an inclusive workplace culture and empowering associates, Cyient announced a 12-week gender-neutral parental leave policy across its offices globally for both birth and adoptive parents.
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