Cyient Q2 FY22 revenue up by 11% to Rs 11.2bn
Cyient Limited has reported a 10.8% year-over-year (YoY) growth in its revenue at INR 1,111.6 crores in the second quarter of the fiscal year 2022 (Q2 FY22).
The Indian IT services provider recorded a 44.7% YoY growth in its profit after tax (PAT) at INR 121.3 crores in the reported quarter that ended 30 September 2021.
The group EBIT margin of the Hyderabad-based firm was 14% in Q2 FY22.
Cyient said that its order intake during the reported quarter grew 23% YoY, while its offshoring at nearly 50% is the highest in the last 10 quarters.
Commenting on Cyient Q2 FY22 results, Krishna Bodanapu — Managing Director and CEO of Cyient said: “Our performance this quarter has been very encouraging. Our strategic wins and recognitions 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.”
Recently, Cyient acquired WorkForce Delta, an Australia-based consulting firm in mobile workforce management.