Cigniti Technologies Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 06, 2024 at 04:15 am EST
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Cigniti Technologies Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,680.16 million compared to INR 4,279.87 million a year ago. Revenue was INR 4,753.26 million compared to INR 4,357.5 million a year ago. Net income was INR 480.38 million compared to INR 465.49 million a year ago. Basic earnings per share from continuing operations was INR 17.6 compared to INR 17.08 a year ago. Diluted earnings per share from continuing operations was INR 17.51 compared to INR 17.05 a year ago.
For the nine months, sales was INR 13,593.72 million compared to INR 12,226.13 million a year ago. Revenue was INR 13,766.94 million compared to INR 12,336.59 million a year ago. Net income was INR 1,384.57 million compared to INR 1,190.77 million a year ago. Basic earnings per share from continuing operations was INR 50.75 compared to INR 43.28 a year ago. Diluted earnings per share from continuing operations was INR 50.54 compared to INR 43.22 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.