 "IT firms")
Cyient rallied 9% to Rs 569 on the BSE in intra-day trade after the company said it expect to deliver a double digit earnings growth in the financial year 2017-18 (FY18).
“Our outlook for FY18 is strong, backed by a strong pipeline and order backlog. We expect a double digit growth in our services business while the design led manufacturing or DLM business is expected to grow around 20%. The margins are expected to improve by 50bps driven by improvements in operational efficiency through the year,” said Krishna Bodanapu, managing director and chief executive officer of Cyient.
The
“Our outlook for FY18 is strong, backed by a strong pipeline and order backlog. We expect a double digit growth in our services business while the design led manufacturing or DLM business is expected to grow around 20%. The margins are expected to improve by 50bps driven by improvements in operational efficiency through the year,” said Krishna Bodanapu, managing director and chief executive officer of Cyient.
The
