Press Releases

Singapore, July 1, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing Services company, today announced the opening of their first office in Singapore. With this new expansion, Cigniti further extends its global footprint in the Asia Pacific region to meet the growing digital transformation needs of leading enterprises based in the region.

“Cigniti is recognised globally for its innovative approach to assisting enterprises in their Quality Engineering and Digital transformation initiatives leveraging proprietary IP, AI & ML driven frameworks and highly agile & DevOps development methodologies. As more and more enterprises in the Asia Pacific region look towards aligning their transformation roadmaps to leverage the benefits of next-generation technologies such as RPA, Automation, AI, Cloud and IoT, Cigniti is committed to providing customers with the insights, advisory and services they need to accelerate their digital and business transformation, and drive higher ROI from their QA initiatives”, said Nanda Padmaraju, Cigniti’s head of RoW business. “This is a key milestone for us and we are keen on investing in the region, leverage the diverse hi-tech talent available locally and help towards further strengthening the QA community in the region”, he added.

“As we looked at expanding our presence in Asia Pacific, Singapore was a natural choice as it is a global business hub, with great connectivity, technologically sophisticated infrastructure, and overall a very supportive business ecosystem and government,” said Srikanth Chakkilam, CEO, Cigniti.

We already are working with several leading enterprises in Singapore as their strategic quality engineering partner, and our new office in the heart of Singapore will enable us to be more agile and responsive to the needs of our clients in the region and serve them better.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,900+ experienced professionals are spread across US, UK, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

Access the full coverage here

Contact: Midhun Pingili, Director, Marketing | Midhun.pingili@cigniti.com | www.cigniti.com

Cigniti Technologies Q4FY21 Revenue:
Consolidated Revenue Rs. 233.02 crores and Net Profit Rs. 24.67 Cr
Standalone Revenue Rs. 84.65 crores and Net Profit Rs. 12.93 Cr

Hyderabad, April 29, 2021: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended March 31, 2021.

The company’s reported Net Profit for Q4FY21 stood at Rs 24.67 crore as against Net Profit of Rs 26.35 crore in Q3FY21.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.02 crore as against Rs 223.90 crore in Q3FY21.

EBIDTA for the March quarter was at Rs 33.25 crore and EBIDTA margin stood at 14.3%.

In Q4FY21 the Board of Directors recommended dividend of Rs. 2.50/- per share on face value of Rs. 10/- each, subjected to the approval of shareholders in the Annual General Meeting of the Company.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy to announce that we delivered a good performance for Q4 and year ended FY21 which is in line with our goals. Even with COVID-19 disrupting the economy, we were able to lay a strong foundation and consolidate our position.”

“We continued to generate a positive cash flow. I am happy that the board recommended maiden dividend of 25% and as a part of prudent governance we have also approved a dividend policy for the benefit of the investors. The company has entered the new financial year with a healthy sales run rate and a good order book position and is confident of marching ahead positively in the coming years”, he added.

Highlights for the quarter ended March 31, 2021

• Revenue from top 5 clients contributed approximately 21.0% of the Revenue
• BFSI, Retail & e-Commerce and Travel & Transport sectors contributed the most to the revenue for Q4FY21
• Revenue split geographically: North America & Canada – 89%, UK & Europe – 7%, Rest of the World 4%

About Cigniti Technologies Limited
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing and Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti’s 2500+ employees are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance.

Dallas, April 8, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Jayabrata Nag as their Vice President and Global Head of Partnership and Alliances, responsible for building strategic partnerships that contribute to the overall growth and expansion of the company.

Jayabrata comes with 22 years of experience as an accomplished partnership, strategy, marketing and business development leader with a proven track record in leading high-impact strategic initiatives across global markets. When engaging Fortune 500 enterprises as well as born-digital start-ups, he focuses on enterprise IT products and services addressing Digital transformations, Data and Analytics led competitive advantages, Hyperautomation benefits, experience enrichment through Conversational Computing with AI driven NLP, Cybersecurity, and Hybrid Cloud technologies. He has delivered strong consistent results for global IT leaders such as HCL Technologies and Infosys across multiple verticals including BFSI, Healthcare, Life Sciences, Media & Entertainment, Education, and other industries.

Announcing on Jayabrata’s appointment, Srikanth Chakkilam, CEO at Cigniti said, “at Cigniti, we have been working with several leading tool vendors to offer better solutions to our clients. The hiring of Jayabrata is a strategic one as we aim to institutionalize the partnerships with these vendors that would help exponential business growth. We have also identified few business partners based on growth and long-term strategy of the company to generate revenue through these channels by building capability and GTM plans.”

Jayabrata holds an MBA in Marketing from IMI, New Delhi, India.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,700+ experienced professionals are spread across US, UK, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

Contact: Midhun.pingili@cigniti.com

Consolidated Revenue Rs. 223.90 crores and Net Profit Rs. 26.35 Cr
Standalone Revenue Rs. 78.69 crores and Net Profit Rs. 12.77 Cr

Consolidated Financial Performance for Q3FY21 v/s Q3FY20 (Corresponding Year)

• Revenue of 223.90 crore v/s. Rs. 216.75 crore [á 3.3%]
• EBITDA of 31.94 crore v/s. Rs. 28.62 crore
• PAT of 26.35 crore v/s. Rs. 28.11 crore
• Current year PAT is after full taxation

Consolidated Financial Performance for Q3FY21 v/s Q2FY21 (Corresponding Quarter)

• Revenue of 223.90 crore v/s. Rs. 221.20 crore [á1.2%]
• EBITDA of 31.94 crore v/s. Rs. 44.21 crore
• PAT of 26.35 crore v/s. Rs. 25.22 crore
• Current year PAT is after full taxation. Q2FY21 PAT is after onetime tax adjustment of Rs 8.95 crores on account of tax assessment for earlier years of US subsidiary Cigniti Technologies Inc.

Consolidated Financial Performance for 9MFY21 v/s 9MFY20 (Corresponding Year)

• Revenue of 663.50 crore v/s. Rs. 638.93 crore [á 3.8%]
• EBITDA of 112.21 crore v/s. Rs. 97.14 crore
• PAT of 80.68 crore v/s. Rs. 92.34 crore
• 9M’FY21 PAT is after onetime tax adjustment of Rs 8.95 crores on account of tax assessment for earlier years of US subsidiary Cigniti Technologies Inc.; Net profit before taxes for earlier years stood at Rs 110.78 crores.

Mumbai, January 28, 2021: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended December 31, 2020.

The company’s reported Net Profit for Q3FY21 stood at Rs 26.35 crore as against Net Profit of Rs 25.22 crore in Q2FY21.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 223.90 crore as against Rs 221.20 crore in Q2FY21.

EBIDTA for the December quarter was at Rs 31.94 crore and EBIDTA margin stood at 14.3%. Reduction in EBITDA is on account of rollback of payroll cut which was in force for the H1’FY 2020-21.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “Q3FY21 has been a successful quarter for the company with promising numbers and sustained growth. We plan on capitalizing on this momentum going forward. The COVID-19 pandemic led to technological disruptions, thus paving the way for us towards investment and growth opportunities. I would like to extend my gratitude to our dedicated employees, clients and customers for their unwavering support in these challenging times. For the coming quarter we expect the Union Budget to positively have provisions to incentivize the IT and Technology sector. Overall, I feel the next phase of implementation will only take place once the industry has settled down and assessed the overall impact of the pandemic.”

Highlights for the quarter ended December 31, 2020

• Revenue from top 5 clients contributed approximately 22.2% of the Revenue
• BFSI, Retail & e-Commerce and Travel & Transport sectors contributed the most to the revenue for Q3FY21
• Revenue split geographically: North America & Canada – 88%, UK & Europe – 7%, Rest of the World 5%

About Cigniti Technologies Limited
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing and Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti’s 2500+ employees are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance.

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

With the Sonatype Nexus platform, Cigniti now helps customers shift left and automate open source security at every stage of the software development lifecycle

Hyderabad - 6^th Jan, 2021. Cigniti Technologies, a global leader in independent quality engineering and software testing services, today announced a partnership with Sonatype, the company that scales DevOps through open source governance and software supply chain automation, to help enterprise customers innovate faster and easily mitigate security risk inherent in open source.

By partnering with Sonatype, Cigniti is able to offer its clients the powerful Nexus platform, in turn, enabling them to automatically enforce open source governance and control risk across every phase of the software development lifecycle (SDLC). Fueled by Nexus Intelligence, which includes in-depth security, license, and quality information on more than 100M open source components across dozens of ecosystems, the Nexus platform precisely identifies open source risk and provides expert remediation guidance, empowering developers to innovate faster. Only Nexus secures the perimeter and every phase of your SDLC, including production, by continuously monitoring for new risk based on your open source policies.

“As experts in continuous delivery, Cigniti has worked hard to help its customers implement a mature DevSec pipeline. As such, many of our global customers have inquired about software composition analysis to help protect their toolchains, said Pradeep Govindasamy, CTO & President at Cigniti Technologies. “Partnering with Sonatype, who has the in-depth, precise intelligence around open source vulnerabilities, allows us to offer an ever-deeper sense of security to our customers. There is a clear synergy between Sonatype and Cigniti to create a successful partnership.”

Sonatype’s platform provides myriad of benefits to its users, that enable them to focus on innovating, and harnessing the power of open source, rather than worrying about its risk. For instance customers see:

• 99% reductions in time spent reviewing and approving OSS components
• 26x faster identification and remediation of OSS vulnerabilities
• 70% smaller windows of exploitability from adversary attacks on OSS components
• 20x faster searches and downloads of OSS components by developers

"Sonatype has been working with global enterprise customers for over a decade to identify and mitigate millions of security vulnerabilities and protect their software supply chains," said Wai Man Yau, General Manager International, Sonatype. "Through our partnership with Cigniti, we'll be able to further enhance DevSecOps in new regions, providing customers with the continued automated security features they need to build secure software."

Additional Resources
To learn more about how Cigniti or Sonatype can help your organisation build safe, secure, high quality software, visit https://www.sonatype.com/nexus-lifecycle and https://cigniti.com/

About Cigniti Technologies:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across the UK, US, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organisations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

About Sonatype:
Sonatype is the leader in software supply chain automation technology with more than 350 employees, over 1,200 enterprise customers, and is trusted by more than 10 million software developers. Sonatype’s Nexus platform enables DevOps teams and developers to automatically integrate security at every stage of the modern development pipeline by combining in-depth component intelligence with real-time remediation guidance. For more information, please visit Sonatype.com, or connect with us on Facebook, Twitter, or LinkedIn

Access the full coverage here

Contacts
Midhun Pingili, midhun.pingili@cigniti.com

December 14, 2020 08:00 AM Eastern Standard Time

DALLAS--(BUSINESS WIRE)-Cigniti Technologies, a global leader in independent quality engineering and software testing services, today announced that it has been as positioned as a ‘Niche Player’ in the December 2020 Gartner, Inc. Magic Quadrant for Application Testing Services, Worldwide. This is the 6th consecutive year Cigniti has been positioned in this Magic Quadrant.

Gartner is aware of about 300 providers offering application testing services globally, but these providers are not the complete marketplace. The Magic Quadrant assesses 20 of the service providers offering testing services including consulting services, implementation, integration and managed services, based on specified inclusion criteria.

Dubai, December 10, 2020: The Dubai Gold and Commodities Exchange (DGCX), has selected Cigniti Technologies - a global leader in independent quality engineering and software testing services - as its strategic Quality Assurance service provider as the Exchange seeks to upgrade its technology platform.

Cigniti will provide the DGCX Group with quality testing on a number of marketplace solutions that will replace applications currently used by DGCX. This will include functions such as real-time trading and clearing, pre-trade risk management, market intelligence, surveillance and quality assurance.

Cigniti’s testing services will enable the DGCX Group to ‘acceptance test’ the applications – covering both functional and non-functional testing – and reduce the amount of overall time and effort expended on testing.

Speaking on this occasion, Srikanth Chakkilam, CEO at Cigniti Technologies, said: “We are excited to partner with the UAE region’s largest commodity derivatives exchange – DGCX. This would further strengthen our position in the financial services market. The capital markets are based on real-time data and are increasingly complex. The introduction of digital technologies has brought in advanced practices and further encouraged new segment of investors and traders. Convenience, speed, reliability, security and efficiency are key to create a transparent and open environment. This requires an end-to-end testing of digital applications for the better performance and user experience.”

Les Male, CEO at DGCX Group, said: “Innovative digital solutions form a key part of the DGCX's efforts to maintain operational excellence and continue to deliver unparalleled efficiencies. Nowhere is this more evident than in our technology agreement with Nasdaq Market Technology, which is ultimately aimed at enabling us to provide our members as well as their clients with increasingly sophisticated levels of service performance. Our most recent announcement of Cigniti as our strategic quality assurance provider reinforces these efforts. We are confident that these agreements and subsequent testing will ultimately provide an improved user experience for our members, which are at the heart of every decision that we make.”

Cigniti’s dedicated FinTech Domain Competency Group concentrates on testing complex real-time digital applications. Cigniti’s 90+ BFS clients include 3 Fortune 500 banks and is led by more than 300 domain and technology experts.

With these partnerships , DGCX continues to be the leading commodities derivatives exchange in the Middle East, serving both the Middle Eastern and the global capital markets.

About Cigniti:
Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across UAE, USA, UK, Australia, Canada, India, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

Access the full coverage here

Contact:
Midhun.pingili@cigniti.com

Texas, 2^nd December 2020: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Ganesh Ramamoorthy as their Chief Revenue Officer (CRO), responsible for Global Sales, Marketing, and Customer success.

Ganesh comes with over 28 years of experience as a technology leader with a proven track record of building global digital transformation business across industry verticals. Prior to joining Cigniti, Ganesh spent 20 years at HCL, led strategic relationships with Fortune 100 enterprise clients in Financial Services and Technology verticals and developed significant revenue streams across international markets. He also led the transformation of horizontal technology services offerings to consumer industry focused on digital and platform offerings in high growth markets.

Announcing Ganesh’s appointment, Srikanth Chakkilam, CEO, Cigniti Technologies, said “We’re happy to welcome Ganesh into our team. As we pivot towards building a fast-growing digital transformation services organization with a Quality-first culture, Ganesh’s rich experience will be immensely helpful to lead Cigniti through our next stage of growth.”

Ganesh is a Mechanical Engineering Graduate from the College of Engineering, Guindy, Chennai, and holds an MBA from IIM Calcutta.

About Cigniti: Cigniti Technologies is a Global Leader in Independent Quality Engineering & Software Testing services. Cigniti’s 2,500+ experienced professionals are spread across US, UK, Canada, Australia, India, UAE, and South Africa. We are a strategic quality engineering partner for leading global organizations and assist them in accelerating time-to-market by predicting and preventing unanticipated failures, leveraging AI-driven, proprietary Continuous Testing & Test Automation solutions, with customer-centricity at the core of the transformation. Our test offerings are Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.
Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2015 & ISO 27001:2013 certified.

Access the full coverage here

Contact: Midhun.pingili@cigniti.com

London, 1^st Oct 2020: BABB, the blockchain banking and fundraising challenger partners with Cigniti Technologies to leverage its cutting-edge Quality Engineering expertise.

The BABB business model is primarily delivered via their mobile apps. BABB wanted to ensure their application is highly secure, provides the best user experience and keeps pace with changing market conditions. This demanded an intense and structured approach to testing across devices and platforms (iOS and Android).

Cigniti leveraged it’s proven mobile quality engineering methodology to perform both functional and non-functional testing of the BABB mobile app. The team executed user acceptance testing of the key user journeys that includes multiple functionalities and features. Cigniti also performed security testing in the form of dynamic application security testing, mobile application security testing and API security testing.

Speaking on the occasion, Srikanth Chakkilam, CEO of Cigniti Technologies said, “We are excited to be a part of BABB’s journey and look forward to growing in the space of cryptocurrency. Blockchain is being implemented across industries that will impact our day-to-day lives. It becomes imperative for organisations to pay heed to the quality and testing needs of these technologies.”

On this journey with Cigniti, Grant Van Wyk, CTO of Babb stated, “The current ‘unbanked’ world market of approximately 2 billion people represents a $380B untapped industry. Our launch in the UK is just the beginning. To be able to scale up and grow rapidly it was crucial to have an independent specialist ensure the quality of our platforms. Cigniti has demonstrated the steep learning curve and agility required to test such a platform.”

About BABB
BABB, a company that aims to become the World Bank for the Micro-Economy, stands for Bank Account Based Blockchain. It offers a hybrid decentralised financial service system using a utility ERC-20 token on the Ethereum network. Their vision is to increase businesses on a global scale by improving financial support in communities, help improve living conditions, and have an overall impact on countries and the global economy especially those underserved by traditional financial systems.

About Cigniti
Cigniti Technologies is a Global Leader in Independent QE & Software Testing Services. Cigniti’s 2,500+ experienced professionals are spread across the USA, UK, Europe, Canada, India, Dubai, Australia and South Africa. Cigniti’s test offerings include QE, Advisory & Transformation, Digital Assurance, and QA solutions.

Cigniti Technologies Q1FY21 Revenue:
Consolidated Revenue Rs. 218.40 crores and Net Profit Rs. 29.11 Cr
Standalone Revenue Rs. 72.99 crores and Net Profit Rs. 12.20 Cr

Consolidated Financial Performance for Q1FY21 v/s Q1FY20 (Corresponding Year)

Mumbai, August 4, 2020: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended June 30, 2020.

The company’s Net Profit for Q1FY21 stood at Rs 29.11 crore as against Net Profit of Rs 29.26 crore in Q4FY20.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 218.40 crore as against Rs 233.04 crore in Q4FY20.

EBIDTA for the June quarter was at Rs 36.05 crore and EBIDTA margin stood at 16.5%.

Other income includes Net foreign exchange gain of Rs. 2.26 Cr. for the quarter ended June 30, 2020

Management Commentary

Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am pleased to announce that for the first quarter we have witnessed sustained growth performance on the back of increased efficiency and new opportunities. As a company, we are optimistic on new growth prospects and new strategies in the post COVID world with the emergence of digital innovation.”  

Highlights for the quarter ended June 30, 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 – 90%, UK & Europe – 6%, Rest of the World 4%

About Cigniti Technologies Limited

Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing and Quality Engineering Services, is headquartered at Hyderabad, India. Cigniti’s 2500+ employees are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first Independent Software Testing Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance.

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

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)

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

30^th 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.

Hyderabad, January 22, 2020: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter ended December 31, 2019.

The company’s Net Profit for Q3FY20 stood at Rs. 28.12 crore on a consolidated basis.

The Company’s Revenue from operations for the quarter under consideration stood at Rs. 216.75 crore as against Rs. 209.97 crore in Q3FY19 on a consolidated basis.

EBIDTA for the December quarter was at Rs. 28.62 crore and EBIDTA margin stood at 13.2%.

Other income includes net foreign exchange gain of Rs. 183.51 lakhs and net foreign exchange gain of Rs. 86.89 lakhs for the quarter and nine month ended December 31, 2019 respectively

Management Commentary

Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “This quarter our EBITDA is marginally low due to addition of manpower for commencement of new projects the billing of which commenced from Mid-November and we expect this to even out in the coming quarters. Additionally, we have made investment in sales and marketing cost which shall fuel growth in the subsequent quarters.”

Highlights for the quarter ended December 31, 2019

• Revenue from top 5 clients contributed approximately 20.6% of the Revenue
• Travel, Transport, Health Care & BFSI sector contributed the most to the revenue for Q3FY20
• Revenue split geographically: North America & Canada – 84%, UK & Europe – 12%, Rest of the World 4%

About Cigniti Technologies Limited

For further information, please contact: