Cyient Q3 net profit up 14% at Rs 94 cr

With a cash balance of Rs 862 crore, strong cash flow, the company continues to focus on investments

Hyderabad-head quartered software company Cyient's net profit rose 13.9 per cent to Rs 94.16 crore in third quarter of FY 2016-17, from Rs 82.74 crore during the same quarter previous financial year. 

The company has seen a strong growth of 17.1 per cent in the total income from operations at Rs 917.1 crore in Q3 FY17 over Rs 783.1 crore during the corresponding quarter last financial year.

During the review period, Cyient continued to focus on inorganic strategy and acquired UK-based geospatial services provider BlomAerofilms. Several new contracts have been signed in various business units (BUs). The company has