Earnings | Cigniti Technologies Ltd (NSE: CIGNITITEC): Q4FY23 Results Out; Total Income rise 22% YoY.

Cigniti Technologies Ltd is a software testing and quality engineering services company based in Hyderabad, India. The company offers a range of services, including quality assurance, digital assurance, and advisory and transformation services, using multiple solutions for automated testing, including AI-driven prediction tools. Cigniti Technologies serves clients across various industries in 24 countries across five continents, with a geographical split of 81% revenue from the US and 19% from the rest of the world. The company has a strong focus on innovation and has opened new offices in Singapore and Prague to expand its international presence.

• Cigniti Technologies Ltd reported Total Income for Q4 FY23 of ₹428 Crore up from ₹349 Crore year on year, a growth of 22%.
• Total Expenses for Q4 FY23 of ₹364 Crore up from ₹318 Crore year on year, a growth of 14%.
• Consolidated Net Profit of ₹49 Crore, up 122% from ₹22 Crore in the same quarter of the previous year. 
• The Earnings per Share is ₹18.07, up 124 % from ₹8.06 in the same quarter of the previous year.