Author - Cigniti

Dallas, September 21, 2023 - Cigniti Technologies, the world's leading AI & IP-led Digital Assurance and Digital Engineering services company, has been recognized as a Leader in the Quality Engineering (QE) Specialist Services PEAK Matrix^® Assessment 2023 from Everest Group. This recognition marks a significant shift for Cigniti, which was previously positioned as a "Major Contender" for the past two years.

The report by Everest Group cites that in today’s dynamic business landscape, the enterprise technology landscape is rapidly evolving, and software products are taking center stage. The need for faster time-to-market has become imperative, driving frequent releases and the adoption of both shift-left and shift-right approaches. Quality Engineering (QE) now holds heightened importance as expectations for superior products soar. Providers are channeling investments into innovation and enhanced capabilities to support enterprises in their journey toward quality transformation. With such objectives, enterprises are looking to partner with providers that can understand their QE goals and suggest solutions that fit within their complex technology ecosystem and processes.

In today’s dynamic and demanding business landscape, quality assurance (QA) promises to deliver reliable products and services across industries. It’s the discipline that ensures that a product functions as intended, adheres to rigorous standards, and ultimately satisfies customers. However, the story does not end here. With the advent of Artificial Intelligence (AI) and Machine Learning (ML), organizations find themselves at the cusp of a QA revolution —a transformation that promises to elevate QA processes to unprecedented levels of efficiency and excellence.

The Power of AI in QA
In the Gartner Achieve Business Agility With Automation, Continuous Quality, and DevOps Survey, 84% of respondents said that AI and machine learning (ML) features were more important than other features in software testing tools.

In an age defined by rapid technological advancement and digital transformation, the threat landscape of cybercrime continues to escalate, requiring organization and individuals to strengthen their cybersecurity defenses. With cybercriminals employing increasingly sophisticated techniques, the traditional approach to security is no longer sufficient. Generative AI has emerged as a powerful ally in fortifying cybersecurity and detecting fraudulent activities in response to this ever-evolving threat.

By harnessing machine learning capabilities and analyzing vast volumes of data, generative AI algorithms can identify patterns and anomalies that signal potential security breaches or fraudulent behaviors. Let’s delve into how generative AI empowers cybersecurity professionals to stay one step ahead of cybercriminals, safeguard sensitive information and protect digital assets.

During the quarter, your revenue improved sequentially but margins declined. Do you see margins improving from Q3 onwards?
We have reported a sequential growth of about 3.4% on a quarter-on-quarter basis, which we believe to be a fair performance given the recent macroeconomic conditions. We have, however, observed a decline in margins during this current quarter due to the performance-based appraisals for FY24.

Nevertheless, during these challenging times, we are cautiously optimistic. Our capacity to adapt to the changes and maintain agility has been symbolic in our journey, and we intend to continue delivering the same. It is noteworthy that we refrain from offering fixed guidance, given the continuously evolving nature of the situation. Our primary focus shall remain to respond to the market dynamics with a defined approach while ensuring optimal outcomes for our stakeholders...

In today’s rapidly transforming world, Data has emerged as a key enabler for dealing with current business challenges and future opportunities. By 2024, 75% of organizations are expected to establish a centralized data and analytics data center of excellence to support federated Data & Analytics initiatives and prevent enterprise failure, according to Gartner. This article highlights the common data quality challenges faced by enterprises and highlights the contributions of Cigniti Technologies…

Hyderabad, India, 11^th May 2023 - Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, has been recognized as a great place to work in India for the second year in a row by the Great Place To Work^® India. Cigniti's ethical work culture and humanity-first approach, which inspires innovation and opportunities, helped the organization secure this placement.

As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.

Speaking on the occasion, Srikanth Chakkilam, CEO at Cigniti Technologies said, “We are honored to receive the Great Place To Work Certification™ for the second consecutive year. This is in line with our mission to become a Top 10 place to work in key geographies by 2028. With a team of over 4,200 professionals across the globe, Cigniti has grown into a widely respected organization that is inclusive, nurtures innovation, and creates opportunities to deliver a positive impact with the work that they do. This recognition will further affirm our position as an organization with digital future-ready talent. We will continue to aspire to be the iconic workplace of the future by benchmarking ourselves based on industry leaders.”

Consolidated Revenue Rs. 424.97 crores and Net Profit Rs. 49.24 Cr for Q4FY23.
The Board has Recommended a Dividend of Rs. 3 & an Additional Special Dividend of Rs. 2.50 on the Company's Successful Completion of 25 Years.

Consolidated Financial Performance for FY23 v/s FY22 (Corresponding Year)

• Revenue of 1647.58 crore v/s. Rs. 1241.80 crore [32.7%]
• Reported EBITDA of Rs 237.70 crore v/s. 129.28 crore [83.9%]
• PAT of 168.32 crore v/s. Rs. 91.74 crore [83.5%]

Consolidated Financial Performance for Q4YF23 v/s Q4FY22 (Corresponding Year)

• Revenue of 424.97 crore v/s. Rs. 344.08 crore [23.5%]
• Reported EBITDA of 68.37 crore v/s. Rs. 32.61 crore [109.6%]
• PAT of 49.24 crore v/s. Rs. 22.60 crore [117.9%]

Consolidated Financial Performance for Q4FY23 v/s Q3FY23 (Corresponding Quarter)

• Revenue of 424.97 crore v/s. Rs. 427.99 crore
• EBITDA reported of 68.37 crore v/s. Rs. 64.02 crore
• PAT of 49.24 crore v/s. Rs. 46.55 crore

Krishnan Venkatachary, CFO of Cigniti Technologies, shares insights on the company’s Q4 and FY2023 financial performance and discusses Cigniti’s outlook for FY 2024 and beyond in a conversation with Nirmal Bang.

In an interview with CNBC Bajar, Krishnan Venkatachary, CFO at Cigniti Technologies discusses the Q4 and FY2023 financial results as well as Cigniti's outlook for FY2024 and beyond.

Friday, 21 April 2023, 4:38 pm IST

The importance of succession planning, the approach of an organization, identifying potential candidates for critical roles, and implementing challenges are some of the key aspects of succession planning.

Highlights

• The organization gives importance to the positions that provide well-rounded exposure to an individual and help develop leadership bench strength.
• From a talent development lens, it is a proactive process to identify and groom high-potential employees and prepare them for future leadership roles.
• Engagement: Critical positions require people with a higher degree of commitment and accountability.

February 27, 2023, 4:35 PM IST

Artificial Intelligence (AI) and machine learning (ML) are highly advanced technologies that will transform people’s lives on a deeper level than one can imagine in the years to come. The AI and ML market has been expanding quickly for a while. A Fortune Business Insight report predicted that investment in machine learning would reach $209.91 billion by 2029.

Looking ahead to the year, if there is anything we can be certain of, it is that the businesses that are equipped to deal with uncertainty — from market fluctuations to geopolitical instability will be the ones best positioned to serve their customers, employees, and stakeholders. AI has seen exponential growth in the last five years because it has gifted humans with new capabilities to use data to swiftly respond to changing environments as soon as new data comes in.

We have listed down the major AI and ML trends that will be dominant in 2023 and beyond.

January 11, 2023, Dallas: Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, today announced it has partnered with LambdaTest – a leading continuous quality testing cloud platform that helps developers and testers ship code faster. The partnership allows Cigniti to tap into LambdaTest innovative HyperExecute platform that provides secure, scalable, and insightful test orchestration for customers at different points in their DevOps (CI/CD) lifecycle.

Through this collaboration, Cigniti and LambdaTest provide their customers with a smart test orchestration platform that helps clients run end-to-end automation tests at blazing-fast speeds enabling faster time-to-market across industries and geographies.

Cigniti’s CEO, Srikanth Chakkilam, commenting on the strategic partnership, said, “As the world propels further into the software-driven digital platform age with cloud orchestration and DevOps becoming imminent, clients across industries are continuously looking to provide frictionless digital experiences at breath neck speeds. At Cigniti, we believe that our globally leading AI-led Digital Assurance services expertise is complemented strategically by the highly acclaimed capabilities of LambdaTest’s platform for go-to cloud test orchestration. This is a firm step towards our endeavor to accelerate digital transformation initiatives of global businesses through IP and Platform-led Digital assurance capabilities.”

Asad Khan, CEO at LambdaTest, said, “We are thrilled to have Cigniti partner with us. We believe joining forces with Cigniti will be a force multiplier in further accomplishing our mission of making the lives of testers and developers easier. As we continue to strengthen our HyperExecute platform and its ecosystem, Cigniti’s continued market leadership and deeper understanding of enterprise digital quality assurance and test automation market the world over will add immense value to our journey ahead. Cigniti’s world-class service delivery and innovation labs will add more value to our joint efforts to delight customers with superior solutions.”

10^th Nov 2022, Dallas Cigniti Technologies, the world’s leading AI & IP-led Digital Assurance and Digital Engineering services company, has been recognized  as a ’Leader’ in ISG’s Provider Lens™ report for 2022 Next-Gen Application Development and Maintenance (ADM) Services, Oct 2022. The recognition comes in the category of Continuous Testing Specialists.

“Continuous testing services ensure the right quality at speed in the Business 4.0 era, which is characterized by the widespread adoption of Agile and DevOps. This enables organizations to deliver superior customer experiences to retain customer loyalty and expand the business. We believe that our repeated ranking as a Leader in this report is a resounding endorsement of our strategy, solid capabilities, and innovative and ground-breaking solutions. Our promise to our customers that a quality-first approach leads to a successful digital transformation through continuous testing, digital assurance, and automation gets a further boost with this recognition”, said Srikanth Chakkilam, CEO of Cigniti.

“To develop new IP-based products like AI-led test data management, test environment management, and security engineering, we continue to aggressively invest in our IP, BlueSwan^TM”, added Srikanth.

Sairam Vedam, CMO at Cigniti, said, “This positioning by ISG demonstrates our progressive investments in IP-led automation-oriented continuous testing services. We help our customers in delivering great experiences quickly and mitigate business risks thanks to our extensive portfolio of intellectual property and solutions, deep contextual and subject expertise, and customer-centricity.”

Nalgonda, 2^nd September 2022:  Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, launched a NICU/SNCU facility at the Mother and Child Health Center, Nalgonda district, Hyderabad today. The facility was launched as part of the company’s CSR efforts undertaken in the field of "Health" to create a long-term impact by equipping government hospitals with better health infrastructure. The facility was inaugurated by Mr. C V Subramanyam, Chairman and Managing Director at Cigniti Technologies, along with Mr. Sairam Vedam, CMO at Cigniti Technologies, Ms. Urmila Markili, Senior Vice President at Cigniti Technologies and Mr. Midhun Pingili, Senior Director Marketing at Cigniti Technologies. Mr. Kancharla Bhupal Reddy, MLA, Nalgonda, Govt. of Telangana and Mr. Mayur Patnala, Founder and CEO, Nirmaan Organization, graced the occasion at the hospital.

Cigniti joined hands with Nirmaan Organization to address the acute shortage of NICU/SNCU beds and donated medical equipment like Radiant Warmers, Phototherapy machines, Pulse oximeters, Syringe and Infusion pumps, Multipara monitors, HFNC machines, and air conditioners for the ward, which are essential to serve critically ill or premature newborn infants who are at the age of less than 28 days. The supported facility serves a population of 14 lakh people in the district headquarters and rural villages surrounding the district. With this upgrade, the facility would be able to serve about 1,000 infants per year.

"We are passionately focusing on making healthcare accessible and available for all. A lack of infrastructure in rural and remote areas is a major contributor to a high rural infant mortality rate. By equipping the facility with life-critical medical equipment, we’re trying to offer our contribution in improving care quality available to the residents of Nalgonda”, stated C.V. Subramanyam, Chairman and Managing Director of Cigniti Technologies, on the occasion.

Post Covid-19, the ward will be useful in treating infants who require specialized care and highly valued medicines that are very expensive in private set-ups," (Quote from Hospital management)

Hyderabad, India, 9th August 2022 – Cigniti Technologies, the world’s leading AI and IP-led Digital Assurance and Digital Engineering services company, has unveiled a new brand identity reflecting its renewed vision to help its clients in accelerating their digital transformation journeys and achieve market leadership.

In addition to conveying the futuristic vision, the new logo aspires to uphold a contemporary attitude, produce a powerful visual depiction of a shift toward digitalization, and at the same time imbibe the company's software quality-first mindset. Additionally, it aims to exemplify the intense commitment and forward-thinking transformation that the business is embracing through innovation, automation, and artificial intelligence.

The company’s digital thinking and digital avatar are a reflection of its ability to engineer, assure, and technologically transform and accelerate outcomes for global companies, helping them achieve market leadership in their chosen lines of business.

Singapore, July 1, 2021: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing Services company, today announced the opening of their first office in Singapore. With this new expansion, Cigniti further extends its global footprint in the Asia Pacific region to meet the growing digital transformation needs of leading enterprises based in the region.

“Cigniti is recognised globally for its innovative approach to assisting enterprises in their Quality Engineering and Digital transformation initiatives leveraging proprietary IP, AI & ML driven frameworks and highly agile & DevOps development methodologies. As more and more enterprises in the Asia Pacific region look towards aligning their transformation roadmaps to leverage the benefits of next-generation technologies such as RPA, Automation, AI, Cloud and IoT, Cigniti is committed to providing customers with the insights, advisory and services they need to accelerate their digital and business transformation, and drive higher ROI from their QA initiatives”, said Nanda Padmaraju, Cigniti’s head of RoW business. “This is a key milestone for us and we are keen on investing in the region, leverage the diverse hi-tech talent available locally and help towards further strengthening the QA community in the region”, he added.

“As we looked at expanding our presence in Asia Pacific, Singapore was a natural choice as it is a global business hub, with great connectivity, technologically sophisticated infrastructure, and overall a very supportive business ecosystem and government,” said Srikanth Chakkilam, CEO, Cigniti.

We already are working with several leading enterprises in Singapore as their strategic quality engineering partner, and our new office in the heart of Singapore will enable us to be more agile and responsive to the needs of our clients in the region and serve them better.

A century after the 1918 flu, another pandemic struck the world. However, there is a world of a difference in the way the two pandemics have been navigated through and controlled, especially in terms of crisis communication. Today, we no longer need to dispatch boy scout armies to announce safety protocols and infection control guidelines to the general public. All the information that we need is available on the internet with only a few taps, sometimes even with just a voice instruction to smart assistants like Siri and Alexa.

In all fairness, hundred years seem like an ample period of time to bring about such a major transition. But since the invention of the world wide web about 30 years ago, the degree and scale of evolution of network technology have been unprecedented. As we gear up to leverage the 5G experience of negligible latency and real-time data transmission, it is interesting to see that the internet has transitioned from being a luxury almost a decade back to an absolute necessity to keep up with the constantly changing consumer needs and market dynamics.