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09 Nov

Cigniti Tech Q2 net profit drops 29% to Rs 25 crore

IT firm Cigniti Technologies on Thursday posted a 29 per cent decline in its consolidated net profit at Rs 25 crore for the second quarter ended September 2020, mainly on account of a one-time provisioning against an income tax order.

The company had logged a net profit of Rs 35.72 crore in the same quarter a year ago.

Commenting on results, Cigniti Technologies Chief Financial Officer Krishnan Venkatchary told PTI that the company's year-on-year profit has come down on account of one-time write-off of around Rs 8.95 crore which was necessitated for an income tax order received around transfer pricing for 4 years between 2015-2018 in the US.

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27 Oct

Cigniti’s Kalyana Rao Konda Joins the Board of Philadelphia Alliance for Capital and Technologies (PACT)

PHILADELPHIA - (BUSINESS WIRE) - Philadelphia Alliance for Capital and Technologies (PACT), an Affiliate of the Chamber of Commerce for Greater Philadelphia (The Chamber), inducted Kalyana Rao Konda, President at Cigniti Technologies into its board of directors, earlier this month.

Kalyana Rao Konda (Kalyan) is the President at Cigniti. He drives business growth and ensures client success for Cigniti and wears multiple hats including operational planning, sales management, marketing, partnership alliances, customer success, designing custom solutions and ensuring great service delivery. Kalyan is a thought leader in the Quality Engineering space, has been a speaker at multiple industry forums and has a patent pending at USPTO for intelligent test scenario generation.

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22 Oct

Cigniti Technologies is now a proud Underwriter of CharlotteCIO

Charlotte, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of CharlotteCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Charlotte IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Charlotte to a single platform.

As an Underwriter of CharlotteCIO, Cigniti would be a part of the InspireCIO programs such as CharlotteCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Charlotte CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

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29 Sep

Here’s what the CEO – Cigniti Technologies have to say about the IoT trends

Leader's Speak, Sukriti Yaduwanshi | 25 Sep 2020, 11:00 AM

Here’s what the CEO of Cigniti Technologies have to say about the IoT trends

Internet of Things (IoT) is a concept that utilizes these latest technologies to bring cohesiveness to the interactions between the multiple digital assets and devices. Edge computing enables IoT to augment analytics and data ingestion that helps analyze, measure, predict, visualize, and react to the new digital environment, making lives easier. Reducing data latency, boosting data transport speeds, and providing a conducive environment where connected devices can communicate with each other seamlessly is the future of IoT.

Check out the TechGig conversation with Srikanth Chakkilam here.

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20 Jul

Delivering business outcomes in Digital Transformation initiatives leveraging Testing IP

Speakers:

Diego Lo Giudice - Vice President & Principal Analyst at Forrester Research
Kalyana Rao Konda - President – North America at Cigniti Technologies

Abstract:

The current pandemic has changed business models. Disruptive technologies are making organizations accelerate their investments in IT to ensure not only a consistent user experience but also improved decision making and outcomes. Rapid acceptance of these form the core of Digital Transformation in Enterprises. But this transformation presents unprecedented challenges and risks to Enterprise Quality. Digital Assurance, being radically different from traditional quality assurance, mitigates these risks. This calls for identifying issues early in development lifecycles, test them thoroughly and ensure the systems run as expected.

Continuous testing plays a key role in seamlessly interweaving across all aspects of the development lifecycle. True differentiator is realized when IP of the testing services provider is leveraged to shorten life cycle and deliver value. In this webinar, Cigniti with Forrester Guest will take you through the current issues faced by organizations in going digital and the role of testing. Cigniti will also explain how clients can leverage its proprietary next-gen software testing IP - BlueSwan to achieve business outcomes in enterprise digital transformation initiatives.

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22 Jun

Integrating Cloud-based Mobile Test Automation into your CI-CD Pipeline

Speakers:

Guy Arieli - AVP-Client Success at Cigniti Technologies
Dries Swerts - CTO at Experitest

Abstract:

In these unprecedented times, there is a high pressure on enterprises to go digital and create quality mobile applications that provide best-in-class user experiences. Mobile development and QA teams thus have a huge responsibility to deliver superior quality apps at high speed - faster than the competition – even as enterprises face a constantly evolving technological landscape.

In this Live session, Dries Swerts, Associate Vice President – Client Success, Cigniti and Guy Arieli Experitest CTO, will discuss the emerging market trends and demonstrate how integrating continuous testing in the CI/CD process helps shorten mobile app release cycles and ensures high customer satisfaction.

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04 Jun

Top software testing skills that are high on demand

With software testing becoming more advanced and demand increasing, there is a need for reskilling the workforce as well.

Moneycontrol
Software testing is not what it was decade ago. In the last few years, it has transformed and has become part of boardroom conversations thanks to shift in new age technologies.

Srikanth Chakkilam, Chief Executive Officer, Cigniti Technologies, a specialised testing firm, told Moneycontrol that with the shift to new age testing areas there is a need for reskilling in this space as people will have to code and have knowledge of scripting language such as Python.

Specialised testing includes automation, cybersecurity, cloud migration and blockchain. According to a NelsonHall, overall software testing market and specialised testing services would touch $48 billion and $30 billion by 2023, a growth of 5.6 percent per annum.

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28 May

NextGen technologies that are aiding Quality@Speed in Banking & Financial Services

Speakers:

Ritesh Jain - COO | CTO, Former Head of Delivery Digital Tech at HSBC
Dr. David A. Bishop - CEO at Agile Worx
Avik Ganguly - Director of Engineering, DevOps Tools & Quality at London Stock Exchange Group (LSEG)
Nanda Padmaraju - Senior Vice President, Cigniti Technologies

Abstract:

Innovative NextGen digital technologies help implement customer-friendly, user-centric approaches for the BFS sector. To achieve Quality@Speed, the BFS sector needs to invest in new Banking models, smart finance & wealth management systems, zero-touch technology, and more! While adoption of next gen technologies poses multiple challenges for testing & development teams, AI-based DevTestOps & Quality Engineering practices seal the gap between testing and development, leading to production of quality products at speed.

Listen to Ritesh Jain, Avik Ganguly, Dr. David Bishop & Nanda Padmaraju as they help you discover and understand how to adopt NextGen technologies to achieve Quality@Speed in the BFS sector.

Key Takeaways:

  • Discover how emerging technologies are enhancing the user experience for BFS customers
  • Understand the critical role of quality engineering in the BFS IT eco system
  • Learn how digital assurance is a fundamental building block for the success of BFS sector
  • Understand how companies are implementing digital Quality Engineering practices in the backdrop of increased cloud adoption
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07 May

Cigniti Technologies Q4FY20 Revenue

Cigniti Technologies Q4FY20 Revenue:
Consolidated Revenue Rs. 233.04 crores and Net Profit Rs. 29.26 Cr
Standalone Revenue Rs. 78.65 crores and Net Profit Rs. 15.79 Cr

Consolidated Financial Performance for FY20 v/s FY19 (Corresponding Year)

  • Revenue of Rs. 871.97 crore v/s. Rs. 816.08 crore [á 7%]
  • EBITDA of Rs. 128.69 crore v/s. Rs. 132.77 crore
  • PAT of Rs. 121.60 crore v/s. Rs. 147.36 crore

Consolidated Financial Performance for Q4FY20 v/s Q4FY19 (Corresponding Year)

  • Revenue of Rs. 233.04 crore v/s. Rs. 206.44 crore [á 13%]
  • EBITDA of Rs. 31.55 crore v/s. Rs. 28.82 crore
  • PAT of Rs. 29.26 crore v/s. Rs. 29.88 crore

Consolidated Financial Performance for Q4FY20 v/s Q3FY20 (Corresponding Quarter)

  • Revenue of Rs. 233.04 crore v/s. Rs. 216.75 crore [á 8%]
  • EBITDA of Rs. 31.55 crore v/s. Rs. 28.62 crore
  • PAT of Rs. 29.26 crore v/s. Rs. 28.11 crore

Mumbai, May 7, 2020: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter and year ended March 31, 2020.

The company’s Net Profit for FY20 stood at Rs 121.60 crore as against Net Profit of Rs 147.36 crore in FY19.

The company’s Net Profit for Q4FY20 stood at Rs 29.26 crore as against Net Profit of Rs 29.88 crore in Q4FY19; a decrease of 2% Y-o-Y.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.04 crore as against Rs 206.44 crore in Q4FY19.

EBIDTA for the March quarter was at Rs 31.55 crore and EBIDTA margin stood at 13.5%.

The company’s Net Profit for Q4FY20 stood at Rs 29.26 crore for the quarter ended March 31, 2020 as against Rs. 28.11 crore for the quarter ended December 31, 2019; an increase of 4% Q-o-Q.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy to announce that Cigniti Technologies Ltd. has maintained a positive growth in FY20. I would like to extend my gratitude to our dedicated employees, clients and other stakeholders for their constant support in these trying times.

“As we move into FY-21, entire world is engulfed with challenges created by crisis. However, this situation shall open up new opportunities and it is all about how quickly we adopt and move forward with new normal and ensure the business continuity. I am confident that industries like Healthcare, Communication, Edu-tech, Public sector, e-commerce, etc. where we have been serving enterprises will yield more revenues in the years to come” he added.

Highlights for the quarter ended March 31, 2020

  • Revenue from top 5 clients contributed approximately 20.2% of the Revenue
  • Travel & Transport, BFSI and Retail & e-Commerce sector contributed the most to the revenue for Q4FY20
  • Revenue split geographically: North America & Canada – 85%, UK & Europe – 11%, Rest of the World 4%

About Cigniti Technologies Limited
Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC, www.cigniti.com), Global Leaders in Independent Quality Engineering & Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 2,500+ experienced professionals are spread across US, UK, India, Australia, and Canada. Cigniti is CMMI-SVC Level 5 (v1.3) appraised and is ISO 13485:2016, ISO 9001:2015, & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

For further information, please contact:

Sanjay Punjabi / Chintan Kotak / Raveena Shetty
Adfactors PR ltd
Mob: 9821080048 / 9920865113 / 9769539969
Email: sanjay.punjabi@adfactorspr.com
chintan.kotak@adfactorspr.com
raveena.shetty@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

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31 Mar

Cigniti Technologies contributes Rs. 50 Lakhs for fighting Corona Virus (Covid-19)

30th March, 2020, Hyderabad: Hyderabad based Cigniti Technologies, Leaders in Software Testing Services, contributed Rs. 50 Lakh to Chief Minister relief fund today, to support Government of Telangana to tackle the unprecedented situation caused by COVID-19. Cigniti’s Chairman & Managing Director, Mr. C V Subramanyam, handed over the cheque to Mr. K T Rama Rao, Minister of IT , Municipal Administration &Urban Development and Industry & Commerce, Govt. of Telangana.

Cigniti Technologies contributes 50 Lakhs for fighting Corona Virus (Covid-19)
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09 Feb

Cignithon- A Cigniti Testing Hackathon

09 February 2020 | 11:30 AM (India Standard Time) | Hyderabad

At Cigniti, we realized that we have talent around us who are deeply passionate about testing, about quality assurance and quality engineering. Efforts were needed to bring together these passionate testers and build a testing community which is based on trust, sharing and collaboration.

This led us to conceptualize Cignithon, Cigniti’s Testing hackathon, which now has become the biggest testing hackathon in town which is helping build Hyderabad’s Software Testing community. The first and the most recent edition received phenomenal response with software testers from more than 54+ companies turning up at the event to battle their wits and uncover defects from live applications! One of the applications tested was a blockchain based app as well!

And of course, there were great prizes on offer and it was a fun-filled event on a Sunday!

If you are looking at being a part of the community, feel free to join in the Hyderabad Software Testing Meetup group to stay updated of the upcoming events!

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31 Oct

Cigniti Technologies wins the ‘Corporate Leader of the Year’ award at the 15th Indo-American Corporate Excellence (I-ACE) Awards

September 2019: Mr. Nitin Gadkari, Hon’ble Minister for Road Transport & Highways of India and Ministry of MSME, presented the ‘Corporate Leader of the Year’ award to Mr. C V Subramanyam Chairman & MD, Cigniti Technologies at the 15th Indo-American Corporate Excellence (I-ACE) Awards on Friday, September 20, 2019, in Mumbai. The award recognizes businesses which have served as an industry benchmark, showcased high performance, and discharged their fiduciary duties to all stakeholders effectively.

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14 Oct

Quality Engineering in a SAFe World

Speakers:

Jermaine Oldham - Sr. Director, DevOps, SDLC, & Enterprise Quality Engineering at J.B. Hunt Transport, Inc.

Abstract:

Rather than thinking “I wrote good code”, organizations need to challenge themselves on “How do I know I wrote good code?”
Agile & DevOps are flexible and responsive methodologies that have rules contrary to the traditional mode of testing. Underpinned on the basic principles of Agile Manifesto, a SAFe has built-in quality as one of its four core principles – bringing Quality Engineering into focus. As the users’ demands for faster time to market increases, the need emerges to shift from assuring quality, to shifting left & engineering quality from the beginning. To accelerate software delivery & improve quality, enterprises need to focus on creating a culture of quality based upon Agile & DevOps best practices. In addition, enterprises also need to focus on breaking down cross organizational team silos to accelerate Quality & Speed via Continual Feedback promoting a quality culture driven by continuous delivery & continuous testing. DevOps helps organizations increase accountability for coding best practices, drive predictable production outcomes, and streamline software delivery via automation. SAFe focuses on bringing lean and agile practices into picture to align the traditional processes with the business goals to manage complex architecture and processes with ease and at speed.

Key Takeaways:

Listen to, and learn from Jermaine Oldham and Pradeep Govindasamy, experienced veterans in the industry how to:
Accelerate software delivery & improve quality
Break down cross organizational team silos to accelerate quality & speed via continual feedback
Promote a quality culture driven by continuous delivery & continuous testing

  • Understand How to manage complex architecture and processes with ease and at speed
  • Discover The rewards of implementing Quality Engineering in a SAFe World
  • Learn How continuous testing and continuous delivery facilitate Quality & better ROI
  • Know How to build a culture of quality based on Agile & DevOps best practices

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