Cigniti Technologies Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 02, 2023 at 08:34 am EDT
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Cigniti Technologies Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 4,249.68 million compared to INR 3,440.82 million a year ago. Revenue was INR 4,286.39 million compared to INR 3,493.68 million a year ago. Net income was INR 492.44 million compared to INR 226.04 million a year ago. Basic earnings per share from continuing operations was INR 18.07 compared to INR 8.06 a year ago. Diluted earnings per share from continuing operations was INR 18.01 compared to INR 8.05 a year ago.
For the full year, sales was INR 16,475.81 million compared to INR 12,418 million a year ago. Revenue was INR 16,622.98 million compared to INR 12,552.4 million a year ago. Net income was INR 1,683.21 million compared to INR 917.44 million a year ago. Basic earnings per share from continuing operations was INR 61.32 compared to INR 32.72 a year ago. Diluted earnings per share from continuing operations was INR 61.21 compared to INR 32.68 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.