Cyient’s revenue declines, PAT up 6% in June quarter

Cyient Limited, formerly Infotech Enterprises, has registered a decline in its consolidated revenues in the first quarter ended June 30, 2019. The firm said its revenue for the quarter at $156.6 million was down 5.2 per cent over its revenue of $165.2 million in the previous quarter.

The decline was 2.6 per cent over the revenue of $160.8 million in the same quarter last year.

The services component, which constitutes the bulk of its revenue, was $137.9 billion, down by 6.1 per cent over the previous quarter.

The profit after tax was $13 million in the quarter as against $12.3 million in the same period last year, showing a growth of 5.9 per cent.