Cyient – Thank You Make in India The Make in India program saved the day for
Cyient Gradually Back to Expansion
Cyient Suffering from its Vertical Mix From the numbers, it may not show. But Cyient is
Cyient Acquires An Onshore Mining Consulting Unit in Australia
Cyient is to acquire Melbourne-based Integrated Global Partners (IG Partners) for AUD 12m in cash (USD 9m) + earn-outs. IG Partners is a mining business and organizational consulting firm. The company has a specialty in enterprise asset management. It had in FY20 revenues of AUD 15m (USD 11m) and a headcount of 40.
COVID-19: Cyient Warns of 15-20% Decline in Revenues in Q1 FY21
Cyient surprised, negatively, the markets by announcing a decline of 9.7% in its Q4 FY20 revenues (to USD 149m) and an adjusted EBIT margin down 440 bps (to 8.4%).
The Head of Tech Mahindra IES Becomes COO at Cyient
Karthik Natarajan, the former head of Tech Mahindra’s Integrated Engineering Services (IES), has joined Cyient as COO. We think, the appointment of Mr. Natarajan is a welcome move for Cyient, which has faced growth challenges in the past quarters, resulting from its client concentration and its exposure to Boeing and Pratt & Whitney.
Cyient Surprises Negatively in Q3 FY20 Both in its DLM and Service Businesses
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