In an interview with CNBC-TV18, BVR Mohan Reddy, Executive Chairman of Cyient spoke about the latest happenings in his company and sector.
Cyient reported its Q3 numbers with margins and revenue coming in tad above expectations in a seasonally weak quarter. In an interview to CNBC-TV18, Ajay Aggarwal, CFO of Cyient discussed their Q3 performance and his outlook for the company.
Going forward, we don’t see any issues in aerospace, we will see good growth, said Ajay Aggarwal, CFO, Cyient Ltd.
In an interview to CNBC-TV18, Krishna Bodanapu, MD & CEO of Cyient spoke about the results and his outlook for the company.
India's largest software company confirmed this morning that it would consider doing a buyback on February 20.
In an interview to CNBC-TV18, BVR Mohan Reddy, Founder & Executive Chairman of Cyient spoke about the results and his outlook for the company.
Softential, a Cyient company dealing in service operations management, was also a major dissapointment in FY16, bringing lower than anticipated revenues. But Bodanapu expects it to do better in the future and says it is going to fetch them little over $20 million in the coming year.
In an interview with CNBC-TV18, Krishna Bodanapu, CEO and MD of Cyient said that capacity output in Q3 was low due to fewer working days which resulted in a weak quarter. However, he expects better revenue in Q4.
Seventy percent of the margin improvement basically came from rupee depreciation and rest from operational efficiencies and high margin jobs, said Ajay Aggarwal, Senior VP & CFO, Cyient.
Cyient reported a mixed set of earnings with a miss on the revenue front and a beat on the margins. Krishna Bodanapu, MD & CEO of Cyient spoke about the results and his outlook for the company.
Speaking from the sidelines of an investor conference held by Antique Stock Broking, KPIT Technologies senior VP and corporate finance head Anil K Patwardhan told CNBC-TV18‘s Anuj Singhal and Reema Tendulkar the company was confident of meeting the USD 498 million revenue forecast it had laid out earlier for the full fiscal year.
According to Krishna Bodanapu, a project that the company was expecting to complete and bill in Q4 got pulled into Q3, aiding the margins quite significantly.
In an interview to CNBC-TV18, Krishna Bodanapu, MD & CEO of Cyient, said the business momentum in the current year is better than last year.
Krishna Bodanapu, MD and CEO, Cyient says that growth in Q2 was broad-based as growth in data network operations stood at 10 percent while top 20 clients grew at 6.1 percent.
Krishna Bodanapu, President & COO, Infotech said Softential buyout will allow Infotech to provide better services to its telecom clients and add to its margins.
Infotech Enterprises is quite confident of its order backlog and pipeline and aims to delivering strong results going forward.
As far as the pricing environment goes, Krishna Bodanapu, President & COO of Infotech says the days of automatic price increases are over.
The company has articulated an acquisition strategy that will help in fulfilling gaps in terms of capabilities or geographic locations and given the resources at the company‘s disposal, the only limiting factor is the management bandwidth, says Krishna Bodanapu, President & COO of Infotech.
Krishna Bodanapu, President & COO, Infotech Enterprises told CNBC-TV18 that he still believes that the company will have a better year as compared to last year.
Operating margins for Infotech Enterprises slipped by 120 bps this quarter, says Krishna Bodanapu, Infotech Enterprises, the reason being a shift in the company‘s business from onshore to offshore.
Though Krishna Bodanapu, President and COO of Infotech Enterprises feels that the company may face some short-term challenges in Q4, he is confident of things being positive in FY14.
Infotech Enterprises was included in the CNX IT Index. BVR Mohan Reddy, CMD of Infotech Enterprises in an interview to CNBC-TV18 said it was very gratifying that their company was included in the CNX IT Index.
Infotech Enterprises reported a consolidated sales turnover of Rs 475.12 crore and a net profit of Rs 60.12 crore for the quarter ended Dec '12. The company‘s other income for the quarter stood at Rs 17.04 crore.
Infotech Enterprises‘ net profit fell by 22% to Rs 50.3 crore in the second quarter of current financial year 2012-13 from Rs 64.7 crore in the previous quarter. BVR Mohan Reddy, CMD, Infotech Enterprises, tell us the reasons for the decline.