Cigniti Technologies Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 06:40 am EDT
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Cigniti Technologies Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 4,518.31 million compared to INR 4,166.54 million a year ago. Revenue was INR 4,577.48 million compared to INR 4,188.25 million a year ago. Net income was INR 458.58 million compared to INR 415.28 million a year ago. Basic earnings per share from continuing operations was INR 16.81 compared to INR 15.24 a year ago. Diluted earnings per share from continuing operations was INR 16.75 compared to INR 15.22 a year ago.
For the six months, sales was INR 8,913.56 million compared to INR 7,946.26 million a year ago. Revenue was INR 9,013.67 million compared to INR 7,979.09 million a year ago. Net income was INR 904.19 million compared to INR 725.28 million a year ago. Basic earnings per share from continuing operations was INR 33.15 compared to INR 26.24 a year ago. Diluted earnings per share from continuing operations was INR 33.03 compared to INR 26.21 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 
