Page 3 - Cyient

Boeing 737 Max crisis: From TCS to Infosys, IT firms risk $1-bn hit

Top Indian IT firms provide services like application development, testing, engineering, avionics, and business process management for the Boeing 737 Max programme

Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

For Nifty, the immediate support on the lower side is pegged at 12,225; hence, till those levels are not broken, the trend is positive for the target of 12,340

Growth in top line mandatory for Cyient re-rating; FY20 outlook key

Management revised services revenue growth guidance to 7.5% for FY19 from 8.5-9.5% earlier

Cyient JV bags order from Indian Army for unmanned aerial vehicles

BS ReporterHyderabad, 4 September: Cyient Solutions and Systems Private Limited(CSS), a joint venture between Hyderabad-based Cyient Limited and BlueBird Aero Systems, Israel, today announced that it has received its first supply order from a unit of Indian Army for SpyLite mini unmanned aerial vehicle(UAV) for high altitude aerial surveillance.SpyLite is an advanced, combat-proven, electric. mini UAV system. It is optimised to offer covert, extended range real-time visual intelligence. Fully autonomous, from launch to accurate parachute recovery, the system delivers enhanced reliability even in severe weather conditions, assuring long endurance, high operational availability, the company said. The company, however, did not disclose the order value.Commenting on the development, Ronen Nadir, CEO of BlueBird Aero Systems said,"When looking for the perfect UAV solution, experienced end-users such as the Indian Army opt for a winning combination of field-proven UAV system with high ...

Cyient hits 52-week high post Q3 results

The stock hit a 52-week high of Rs 622, up 7% on BSE in early morning trade, after the company reported 1.3% QoQ dollar revenue growth at $152 million in December quarter.

Cyient acquires USA-based design services company

BS ReporterHyderabad, 11 September: Hyderabad-based IT and engineering services company Cyient Limited has said it has signed a definitive agreement to acquire 100 percent equity ownership in US-based design services company B&F Design Inc. The company did not share the financial details involving the deal. B&F Design employes a team of around 47 people, with a revenue of $ 8-9 million. The firm brings a strong team of technical and domain experts in aerospace tooling along with a common anchor customer, the company said.With new programmes going into manufacturing, the demand for precision tooling is expected to go up significantly while the company believes that this acquisition would help it pursue more business opportunities in this field. This is Cyient's sixth acquisition in the last three years as part of its design-build-maintain strategy.Anand Parameswaran, senior vice president for Aerospace and Defence at Cyient said," Cyient holds a leadership position in ...

Cyient surges on pact with Amdocs to deploy GE's GIS, Smallworld

The stock surged 9% to Rs 509 on BSE in early morning trade

Cyient ties up with Italian power systems supplier

Collaboration to offer full life-cycle services, products, systems to aerospace & defence industry

Cyient acquires Certon Software in fifth deal in under three years

Certon, with $6 mn in revenue, is an IP-led provider of full product life-cycle engineering services

Cyient gains on acquisition of US-based Certon Software

The stock up 6% to Rs 493 after the company announced acquisition of US-based Certon Software Inc., in an all cash transaction

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

Cyient acquires UK-based geospatial solutions firm Blom Aerofilms

Blom employs a core group of 40 people and had the calendar year 2015 revenue of 6 million pounds

Suman Narayan to head semiconductor business unit at Cyient

Narayanan comes with 20 years of experience in the semiconductor industry

Cyient surges on strong Q2 results

The stock rallied 14% to Rs 552 after the company posted 31% QoQ growth in consolidated net profit at Rs 97.25 crore for the quarter ended September 30, 2016.

Cyient aims to double earnings by2020

The company is actively investing in emerging technologies such as Internet of Things, analytics and additive manufacturing

Cyient Q1 net marginally down at Rs 74 crore

Total income from operations grew 14% to Rs 830 cr

Cyient opens design centre for Australian company

The facility will be SMEC's first offshore design centre

Cyient appoints new global HR head

P N S V Narasimham will become the senior vice-president and global head of human resources.

Cyient extends fall on disappointing Q4 results

The stock dipped 6.4% to Rs 451, extending its previous day's 4% decline on the BSE.

Cyient Q4 net profit down 29.5% at Rs 65.9 crore

However, total income for the company grew by 11.75% to Rs 815.84 crore.