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Prabhudas Lilladher Report
Cyient Ltd. reported strong beat in revenue growth (up 6% quarter-on-quarter U.S. dollar) led by strong demand momentum in design-led manufacturing (up 16.4% QoQ U.S. dollar) and broad-based recovery in services (up 3.7% QoQ U.S. dollar).
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They also reported robust Q4 FY21 order book of $238 million, up 22.4% QoQ and sustained strong large deal wins with total contract value potential of $91 million.
As guided by the management, we believe that the company will report strong double-digit growth in revenue in FY22 led by ramp up of deals won in FY21 and broad-based deal pipeline.
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