Cyient’s earnings revival distant even as new CEO announcement is positive
1 month ago

Cyient’s earnings revival distant even as new CEO announcement is positive

Live Mint  

The battered Cyient Ltd stock is struggling to regain its footing after weak December quarter results, an abrupt CEO resignation, and a sharp cut in FY25 guidance sent shares into a tailspin. To steady the ship, Cyient appointed Sukamal Banerjee as executive director and CEO of its digital, engineering, and technology business on 19 February for a five-year term. While Cyient has always had a coveted clientele and strong capabilities, its execution has been patchy, said the Nuvama report, adding that given Banerjee’s experience, it would look to make amends on that. In Q3FY25, Cyient’s DET CC revenue grew 2.4% sequentially, while Ebit margins dropped 72 basis points to 13.5%, pressured by wage hikes and foreign exchange headwinds.

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History of this topic

Cyient shares tumble 20%, hit 17-month low amid weak Q3 results; analysts lower target price
2 months ago

Cyient shares tumble 20%, hit 17-month low amid weak Q3 results; analysts lower target price

Live Mint  

Stock market today: Shares of Cyient, one of India’s leading IT companies, plunged 20% in intraday trade on Friday, January 24, hitting a 17-month low of ₹1,140 apiece. Revised DET revenue guidance lower Cyient's DET segment, which contributes more than 77% to its total revenue, delivered a revenue of ₹1,480 crore, registering a 2.1% sequential growth but a 1.9% year-on-year …

TCS Q3 results today: Is this a stock to buy ahead of Q3FY25 earnings?
2 months, 2 weeks ago

TCS Q3 results today: Is this a stock to buy ahead of Q3FY25 earnings?

Live Mint  

Stock Market Today: IT behemoth Tata Consultancy Services will declare its results for the third quarter of the financial year 2025 today. TCS Q3 Results Expectations Anshul Jain, Head of Research at Lakshmishree Investment and Securities anticipates year-on-year revenue growth between 5.2% and 6.4%, projecting the topline in the range of ₹63,710 crore to ₹64,500 crore. In addition, the BSNL …

Cyient stock up 6% post Q4 result
1 year, 11 months ago

Cyient stock up 6% post Q4 result

Live Mint  

After reporting better than expected net profit and revenue in Q4FY23, Cyient Limited stock zoomed by 6.06 per cent to ₹1157.60 in intraday trade on Friday. The company reported a net profit of ₹176 crore, which was up 8.1 per cent QoQ and 14.1 per cent YoY. Its net revenue rose by 8.2 per cent QoQ and 48.3 per cent …

Cyient garners over 97% sequential growth in Q3 PAT to ₹156 cr, shares rally
2 years, 2 months ago

Cyient garners over 97% sequential growth in Q3 PAT to ₹156 cr, shares rally

Live Mint  

Hyderabad-based technology firm, Cyient beats estimates across all parameters for the quarter ending December 31, 2022 period. Furthermore, Cyient posted a consolidated revenue from operations of ₹1,618.2 crore in Q3FY23, registering a growth of 36.7% from ₹1,183.4 crore in Q3FY22. On segment-wise performance, Cyient's revenue in the services business recorded strong growth of 42.6% yoy to ₹1,379.8 crore in Q3FY23 …

What’s worrying TCS investors
2 years, 8 months ago

What’s worrying TCS investors

Live Mint  

Investors in Indian information technology stocks are jittery largely because of a fear that a potential economic recession triggered by interest rate hikes would hamper the deal pipeline of Indian IT companies, thus impacting their FY24 revenue growth. “TCS’ margin has to see a swift recovery for the company to avoid further earnings downgrades," said an analyst with an international …

TCS shares pierce through ₹3000 level to new highs
4 years, 2 months ago

TCS shares pierce through ₹3000 level to new highs

Live Mint  

Shares of TCS surged 4% to a new high of ₹3042 on expectations that IT companies will post good quarterly numbers. "We expect Q3FY21 to continue to surprise, driving guidance upgrades by IT companies and estimate revisions by Street alike. In fact, we argue Indian IT companies are poised to turn in the best Q3 in a decade given: i) …

Earnings: Cyient Q3 profit jumps 45%
10 years, 2 months ago

Earnings: Cyient Q3 profit jumps 45%

Firstpost  

Cyient Limited reported a 45 percent jump in its profit after tax for the quarter ended 31 December to Rs 101 crore against Rs 69 crore YoY Hyderabad: Cyient Limited reported a 45 percent jump in its profit after tax for the quarter ended 31 December to Rs 101 crore against Rs 69 crore during the same quarter last fiscal. …

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