Cyient expects strong growth from key verticals in FY22

BENGALURU: Hyderabad-based IT services company Cyient Ltd expects to bounce back strongly in FY22 driven by growth from some of its key verticals and customers.

“Next year, we expect growth to come from verticals like rail transportation, communications, semiconductor, and mining. The aerospace industry is on a recovery path and we expect it will gain momentum next year,” Krishna Bodanapu, managing director & chief executive officer, Cyient said in a letter to shareholders in the annual report 2020-21.

“Our DLM (design-led manufacturing) business is also poised for robust growth…DLM’s performance validates our strategy of investing in this area to offer a distinctive design and manufacturing value proposition to our customer,” Bodanapu said.