Cyient reports a revenue growth of 14.3% in Q1 of financial year...

Cyient reports a revenue growth of 14.3% in Q1 of financial year 2019

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India: Cyient, a global provider of engineering, manufacturing, geospatial, network and operations management services to global industry leaders, has reported its consolidated financial results for the first quarter (Q1) of FY 2019 ending June 30, 2018.

Financial Highlights
 YoY revenue growth of 14.3% in US$ terms, quarterly revenue stood at $160.8 Mn
 YoY $ services growth of 10.9%; highest ever at $142.8 Mn; QoQ services growth in CC is 1.1%;
 DLM growth of 52.1% YoY
 Operating Profit YoY growth of 13.5 %; Overall operating profit at ₹1,316 Mn;
 Operating margin at 12.2%
 Healthy cash & cash equivalent at ₹11 Bn

Business Highlights
 YoY revenue growth in A&D, Transportation & SIA stood at 26%, 28% & 35% respectively
 EMEA, NAM & APAC YoY revenue growth of 17%, 14% & 13% respectively
 Acquisition of Belgium based AnSem, a leading fabless, custom analog and mixed-signal ASIC design company
 Commenced operations of 51:49 JV with Israeli partner for UAV systems, obtained Industrial License
 Acquired balance 49% stake in Cyient Insights; now 100% owned by Cyient
 Improved focus on analytics portfolio
 Creation of Silicon Solution Lab for automated testing of chips for accelerated delivery for our clients
 Received AS9100 Rev D and ISO 9001:2015 Quality Certifications for Melbourne, Florida
 Successfully completed the AS9115A software audit for a manor aero customer for DLM facility in Mysore