BUY Cyient, :: ICICI Securities

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Dependable…
• Cyient reported its Q2 earnings, which were significantly above our
estimates led by healthy growth across all business units (BU) and
the US
• US$ revenues grew 6.6% QoQ to $111 million, above our 4% QoQ
growth and $108.1 million estimate, led by growth across all BUs and
helped by the $5.3 million contribution from the Softential acquisition
• EBITDA margins improved 197 bps QoQ to 16.1% (140 bps
improvement and 15.5% estimate) led by revenue growth and
operational efficiencies
• Reported PAT of | 90.2 crore was in line with our | 92.1 crore
estimate despite a revenue beat as higher taxes eroded profitability


LINK
http://content.icicidirect.com/mailimages/IDirect_Cyient_Q2FY15.pdf