Author - Cigniti

Cigniti Technologies appoints Ganesh Ramamoorthy as Chief Revenue Officer

CRO Ganesh Ramamoorthy

Texas, 2nd December 2020: Cigniti Technologies, world’s leading Independent Quality Engineering & Software Testing services company, today announced the appointment of Ganesh Ramamoorthy as their Chief Revenue Officer (CRO), responsible for Global Sales, Marketing, and Customer success.

Ganesh comes with over 28 years of experience as a technology leader with a proven track record of building global digital transformation business across industry verticals. Prior to joining Cigniti, Ganesh spent 20 years at HCL, led strategic relationships with Fortune 100 enterprise clients in Financial Services and Technology verticals and developed significant revenue streams across international markets. He also led the transformation of horizontal technology services offerings to consumer industry focused on digital and platform offerings in high growth markets.

Cigniti Tech Q2 net profit drops 29% to Rs 25 crore

IT firm Cigniti Technologies on Thursday posted a 29 per cent decline in its consolidated net profit at Rs 25 crore for the second quarter ended September 2020, mainly on account of a one-time provisioning against an income tax order.

The company had logged a net profit of Rs 35.72 crore in the same quarter a year ago.

Commenting on results, Cigniti Technologies Chief Financial Officer Krishnan Venkatchary told PTI that the company's year-on-year profit has come down on account of one-time write-off of around Rs 8.95 crore which was necessitated for an income tax order received around transfer pricing for 4 years between 2015-2018 in the US.

Cigniti’s Kalyana Rao Konda Joins the Board of Philadelphia Alliance for Capital and Technologies (PACT)

PHILADELPHIA - (BUSINESS WIRE) - Philadelphia Alliance for Capital and Technologies (PACT), an Affiliate of the Chamber of Commerce for Greater Philadelphia (The Chamber), inducted Kalyana Rao Konda, President at Cigniti Technologies into its board of directors, earlier this month.

Kalyana Rao Konda (Kalyan) is the President at Cigniti. He drives business growth and ensures client success for Cigniti and wears multiple hats including operational planning, sales management, marketing, partnership alliances, customer success, designing custom solutions and ensuring great service delivery. Kalyan is a thought leader in the Quality Engineering space, has been a speaker at multiple industry forums and has a patent pending at USPTO for intelligent test scenario generation.

Cigniti Technologies is now a proud Underwriter of CharlotteCIO

Charlotte, 22nd Oct 2020: Cigniti Technologies, a global leader in independent quality engineering and software testing services, is now a strategic Underwriter of CharlotteCIO, a local arm of the International CIO Leadership Association (ICLA). Together, they intend to foster technology innovation, help Charlotte IT community become aware of the best practices and trends being implemented, and bring together the CIOs of Charlotte to a single platform.

As an Underwriter of CharlotteCIO, Cigniti would be a part of the InspireCIO programs such as CharlotteCIO Advisory Board Meetings, Nominee Events, Finalist Events, CIO Only Programs, the Wine Experience, and the Charlotte CIO of the Year ORBIE Awards and support its expansion by promoting and leveraging key resources.

Here’s what the CEO – Cigniti Technologies have to say about the IoT trends

Leader's Speak, Sukriti Yaduwanshi | 25 Sep 2020, 11:00 AM

Here’s what the CEO of Cigniti Technologies have to say about the IoT trends

Internet of Things (IoT) is a concept that utilizes these latest technologies to bring cohesiveness to the interactions between the multiple digital assets and devices. Edge computing enables IoT to augment analytics and data ingestion that helps analyze, measure, predict, visualize, and react to the new digital environment, making lives easier. Reducing data latency, boosting data transport speeds, and providing a conducive environment where connected devices can communicate with each other seamlessly is the future of IoT.

Check out the TechGig conversation with Srikanth Chakkilam here.

Top software testing skills that are high on demand

With software testing becoming more advanced and demand increasing, there is a need for reskilling the workforce as well.

Moneycontrol
Software testing is not what it was decade ago. In the last few years, it has transformed and has become part of boardroom conversations thanks to shift in new age technologies.

Srikanth Chakkilam, Chief Executive Officer, Cigniti Technologies, a specialised testing firm, told Moneycontrol that with the shift to new age testing areas there is a need for reskilling in this space as people will have to code and have knowledge of scripting language such as Python.

Specialised testing includes automation, cybersecurity, cloud migration and blockchain. According to a NelsonHall, overall software testing market and specialised testing services would touch $48 billion and $30 billion by 2023, a growth of 5.6 percent per annum.

Cigniti Technologies Q4FY20 Revenue

Cigniti Technologies Q4FY20 Revenue:
Consolidated Revenue Rs. 233.04 crores and Net Profit Rs. 29.26 Cr
Standalone Revenue Rs. 78.65 crores and Net Profit Rs. 15.79 Cr

Consolidated Financial Performance for FY20 v/s FY19 (Corresponding Year)

  • Revenue of Rs. 871.97 crore v/s. Rs. 816.08 crore [á 7%]
  • EBITDA of Rs. 128.69 crore v/s. Rs. 132.77 crore
  • PAT of Rs. 121.60 crore v/s. Rs. 147.36 crore

Consolidated Financial Performance for Q4FY20 v/s Q4FY19 (Corresponding Year)

  • Revenue of Rs. 233.04 crore v/s. Rs. 206.44 crore [á 13%]
  • EBITDA of Rs. 31.55 crore v/s. Rs. 28.82 crore
  • PAT of Rs. 29.26 crore v/s. Rs. 29.88 crore

Consolidated Financial Performance for Q4FY20 v/s Q3FY20 (Corresponding Quarter)

  • Revenue of Rs. 233.04 crore v/s. Rs. 216.75 crore [á 8%]
  • EBITDA of Rs. 31.55 crore v/s. Rs. 28.62 crore
  • PAT of Rs. 29.26 crore v/s. Rs. 28.11 crore

Mumbai, May 7, 2020: Cigniti Technologies Limited, a global leader in independent quality engineering and software testing services, announced the consolidated financial results for the quarter and year ended March 31, 2020.

The company’s Net Profit for FY20 stood at Rs 121.60 crore as against Net Profit of Rs 147.36 crore in FY19.

The company’s Net Profit for Q4FY20 stood at Rs 29.26 crore as against Net Profit of Rs 29.88 crore in Q4FY19; a decrease of 2% Y-o-Y.

The Company’s Consolidated Revenue from operations for the quarter under consideration stood at Rs 233.04 crore as against Rs 206.44 crore in Q4FY19.

EBIDTA for the March quarter was at Rs 31.55 crore and EBIDTA margin stood at 13.5%.

The company’s Net Profit for Q4FY20 stood at Rs 29.26 crore for the quarter ended March 31, 2020 as against Rs. 28.11 crore for the quarter ended December 31, 2019; an increase of 4% Q-o-Q.

Management Commentary
Commenting on the results Mr. C V Subramanyam, Chairman & MD said, “I am happy to announce that Cigniti Technologies Ltd. has maintained a positive growth in FY20. I would like to extend my gratitude to our dedicated employees, clients and other stakeholders for their constant support in these trying times.

“As we move into FY-21, entire world is engulfed with challenges created by crisis. However, this situation shall open up new opportunities and it is all about how quickly we adopt and move forward with new normal and ensure the business continuity. I am confident that industries like Healthcare, Communication, Edu-tech, Public sector, e-commerce, etc. where we have been serving enterprises will yield more revenues in the years to come” he added.

Highlights for the quarter ended March 31, 2020

  • Revenue from top 5 clients contributed approximately 20.2% of the Revenue
  • Travel & Transport, BFSI and Retail & e-Commerce sector contributed the most to the revenue for Q4FY20
  • Revenue split geographically: North America & Canada – 85%, UK & Europe – 11%, Rest of the World 4%

About Cigniti Technologies Limited
Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC, www.cigniti.com), Global Leaders in Independent Quality Engineering & Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 2,500+ experienced professionals are spread across US, UK, India, Australia, and Canada. Cigniti is CMMI-SVC Level 5 (v1.3) appraised and is ISO 13485:2016, ISO 9001:2015, & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

For further information, please contact:

Sanjay Punjabi / Chintan Kotak / Raveena Shetty
Adfactors PR ltd
Mob: 9821080048 / 9920865113 / 9769539969
Email: sanjay.punjabi@adfactorspr.com
chintan.kotak@adfactorspr.com
raveena.shetty@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

Cigniti Technologies contributes Rs. 50 Lakhs for fighting Corona Virus (Covid-19)

30th March, 2020, Hyderabad: Hyderabad based Cigniti Technologies, Leaders in Software Testing Services, contributed Rs. 50 Lakh to Chief Minister relief fund today, to support Government of Telangana to tackle the unprecedented situation caused by COVID-19. Cigniti’s Chairman & Managing Director, Mr. C V Subramanyam, handed over the cheque to Mr. K T Rama Rao, Minister of IT , Municipal Administration &Urban Development and Industry & Commerce, Govt. of Telangana.

Cigniti Technologies contributes 50 Lakhs for fighting Corona Virus (Covid-19)

Cigniti Technologies wins the ‘Corporate Leader of the Year’ award at the 15th Indo-American Corporate Excellence (I-ACE) Awards

September 2019: Mr. Nitin Gadkari, Hon’ble Minister for Road Transport & Highways of India and Ministry of MSME, presented the ‘Corporate Leader of the Year’ award to Mr. C V Subramanyam Chairman & MD, Cigniti Technologies at the 15th Indo-American Corporate Excellence (I-ACE) Awards on Friday, September 20, 2019, in Mumbai. The award recognizes businesses which have served as an industry benchmark, showcased high performance, and discharged their fiduciary duties to all stakeholders effectively.

Cigniti Technologies Ltd Net Profit up in Q1FY19

Hyderabad headquartered Cigniti Technologies Limited, a global leader in independent quality engineering services on Tuesday announced the consolidated financial results for the first quarter ended June 30, 2018.
The company's Net Profit ffor Q1FY19 stood at Rs 39.15 crore (Net Profit inclides one-time reversal of tax provision amounting Rs 13.62 crore in Cigniti Technologies Inc., USA) as against Net Loss of Rs 5.68 crore in Q1FY18, a company statement here said.

Staying one step ahead with DevSecOps

Staying one step ahead with DevSecOps

Speakers

Rajesh Sarangapan - Vice President – Practice & Innovation, Cigniti Technologies
Lucas Von Stockhausen - Senior Product Manager, Application Security at Microfocus.

Abstract:

One of the top priorities of the IT leaders today is DevOps compliance. A lot of attention is paid to frequent feature releases, increased application stability, and better resource utilization. However, application security, that needs to be implemented at multiple points in the DevOps workflow, is seen as an inhibitor to the continuous delivery.

According to a Gartner survey “By 2019, more than 50% of enterprise DevOps initiatives will have incorporated application security testing for custom code, up from less than 10% in 2016.”

In this webinar, Rajesh Sarangapani, VP Delivery, Cigniti Technologies and Lucas Von Stockhausen, Senior Product Manager, Application Security, Microfocus discussed how security can be implemented in the DevOps environment.

Key Takeaways:

  • Explore the existing state of the DevSecOps market
  • Discover the benefits of integrating security into CI/CD cycle
  • Prepare groundwork for a successful DevSecOps transformation
  • How Cigniti is implementing DevSecOps for its customers
  • Explore Microfocus Security tools and their alignment to DevSecOps

Cigniti Technologies opens new Offshore Delivery Center at Hyderabad.

17th Aug 2018, Hyderabad, India: Cigniti Technologies, a global leader in independent quality engineering services company has opened its 4th offshore delivery center at Hyderabad, today. The facility was inaugurated by Mr. C V Subramanyam, Chairman and Managing Director of Cigniti Technologies.

The new facility with 37000 sq. ft. will accommodate around 400 employees. Overall Cigniti has around 2 lakh sq. ft. of space which accommodates over 2100 employees.

Speaking on the occasion, Mr. Subramanyam said, “this new facility would further help Cigniti cater to its strategic clients which also includes companies in Fortune 500 and Global 2000, to deliver high end software Quality Engineering solutions. This is another milestone in our journey towards becoming the world’s largest and most respected independent quality engineering services company.”

About Cigniti Technologies

Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC; www.cigniti.com), Global Leaders in Independent Software Testing (IST) Services, is headquartered at Hyderabad, India. Cigniti Technologies Inc., a Delaware incorporated corporation, with its principal place of business within US at Irving, Texas and King of Prussia, Philadelphia, is a wholly owned subsidiary of Cigniti Technologies Limited, India. Cigniti group’s 2000+ software testing specialists are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first IST Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2015 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance and Quality Assurance, powered by Mobile, IoT, Smart Meter, Medical and Robotics labs. Having served several Fortune 500 & Global 2000 companies, Cigniti has translated its R&D into BlueSwan, the next generation and proprietary test platform. Leading Analysts like Gartner, Forrester, NelsonHall, Everest, Frost & Sullivan, and Forbes have consistently mentioned, awarded, and commended Cigniti for its leadership and growth in the independent software testing services space.

Cigniti Technologies Q1FY19 Net Profit at Rs 39.15 cr as against Q1FY18 Net loss of Rs 5.68 Cr

Q1FY19 Revenue grew by 16% to Rs. 194.71 cr

Consolidated Financial Performance for Q1FY19 vs Q1FY18 (Corresponding Quarter)

  • Revenue of 194.71 crore v/s. Rs. 168.48 crore [+16%]
  • EBITDA before exceptional items of 28.18 crore v/s. Rs. (0.09) crore
  • PAT at 39.15 crore v/s. Rs. (5.68) crore

Consolidated Financial Performance for Q1FY19 vs Q4FY18 (Sequential Quarter)

  • Revenue of 194.71 crore v/s. Rs. 178.64 crore [+ 9%]
  • EBITDA before exceptional items of 28.18 crore v/s. Rs. 21.23 crore
  • PAT at 39.15 crore v/s. Rs. 19.80 crore

Hyderabad, July 31, 2018: Cigniti Technologies Limited, a global leader in independent quality engineering services, today announced the consolidated financial results for the first quarter ended June 30, 2018.

The company’s Net Profit for Q1FY19 stood at Rs 39.15 crore (Net Profit includes one-time reversal of tax provision amounting Rs 13.62 crore in Cigniti Technologies Inc, USA) as against Net Loss of Rs 5.68 crore in Q1FY18.

The Company’s Revenue from operations for the quarter under consideration stood at Rs 194.71 crore as against Rs 168.48 crore in Q1FY18.

EBIDTA for the June quarter was at Rs 28.18 crore and EBIDTA margin stood at 14.5%.

Highlights for the quarter ended June 30, 2018

  • 30 clients added during the quarter
  • Focusing on new service lines such as IoT, Artificial Intelligence, Digital and Quality Engineering to cater to enterprises across the globe
  • Revenue from top 10 clients contributed approximately 30% of the Revenue
  • Travel, Transport & Hospitality sector contributed the most to the revenue for Q1FY19 followed by ISV and BFSI sectors
  • Revenue split geographically: North America – 84%, UK & Europe – 11%, Rest of the World 6%

Management Commentary

Commenting on the result Mr. C V Subramanyam, Chairman & MD - Cigniti Technologies said “Our performance during the quarter further accelerates our journey in becoming the world’s largest and most respected independent quality engineering services company. I am pleased with our healthy revenue growth and profitability in Q1. I would like to extend my gratitude to the dedicated employees and to our clients for their constant support. The company is confident of growing at an accelerated phase in the coming years.”

About Cigniti Technologies Limited

Cigniti Technologies Limited (BSE: 534758, NSE: CIGNITITEC, www.cigniti.com), Global Leaders in Independent Quality Engineering & Software Testing Services, is headquartered at Hyderabad, India. Cigniti’s 2,500+ experienced professionals are spread across US, UK, India, Australia, and Canada. Cigniti is CMMI-SVC Level 5 (v1.3) appraised and is ISO 13485:2016, ISO 9001:2015, & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance, and Quality Assurance solutions.

For further information, please contact:

Chintan Kotak/Sanjay Punjabi
Adfactors PR ltd
Mob: +91 9920865113/9821080048
Email: chintan.kotak@adfactorspr.com
Sanjay.punjabi@adfactorspr.com

Midhun Pingili
Cigniti Technologies
Mob: +91 8886093093
Email: midhun.pingili@cigniti.com

1200x628-1-1

Accelerating Your Microservices Testing with DevOps

Speakers:

Temil Sanchez - Solutions Engineering Team Lead at SmartBear Software Inc.
Chakri Devarakonda - Asst. Vice President, Enterprise Solutions Group at Cigniti Technologies Inc.

Abstract:

Organizations across the globe are being forced to evaluate scalable strategies for fast and easy API development, deployment, and consumption, as their customer worldwide continue to increase their adoption of applications on multiple platforms.

Microservices based service architectures help to eliminate complexity, effectively breaking the monolith and enabling organizations to scale their efforts, yet this frequently coincides with the problem of slower deployment.

Key Takeaways:

In this webinar, we will discuss how adoption of microservices and DevOps practices can help you achieve your goal of faster development and delivery of high quality, strong performing APIs. We'll also cover:

  • Examples of microservices architecture
  • Leveraging DevOps for microservices implementation and delivery
  • Strategies to test microservices in an automated environment
  • Overview of tools and services for automated API testing
  • Demo of API testing tools

How to fit Performance Testing Within a DevOps Environment

How to fit Performance Testing Within a DevOps Environment?

A DevOps environment demands shorter development cycles and a lot of automation. Performance testing is complex and takes time because it requires human action. So how can reliable and thorough performance tests be executed in this fast-paced environment and how can performance testing tools integrate with a DevOps tool chain?

Accelerate Digital Transformation with DevOps

Accelerate Digital Transformation with DevOps

Want to know how DevOps can help accelerate Digital Transformation in your organization?
This webinar is tailor-made for you!

What you’ll learn

  • The business-critical need of Digital Transformation
  • How can you accelerate Digital Transformation with DevOps?
  • The need of Continuous Deployment to achieve faster time-to-market

Gartner Positions Cigniti Technologies as a Niche Player in 2017 Magic Quadrant for Application Testing Services, Worldwide

This achievement reinforces our ability to provide world class IP Led testing and Quality Engineering services to clients of most sizes, helping them succeed in their Digital, Agile, and DevOps transformation initiatives. We have invested in our domain capabilities and over the years we have developed strong success stories in airlines, BFSI, high tech, retail, and energy & utilities verticals,” says Srikanth Chakkilam, CEO - Cigniti Technologies Inc.

Gartner Positions Cigniti Technologies as a Niche Player in 2017 Magic Quadrant for Application Testing Services, Worldwide

HYDERABAD, India & DALLAS--(BUSINESS WIRE)--Cigniti Technologies has been positioned as a Niche Player in Gartner Magic Quadrant for Application Testing Services, Worldwide. Cigniti has been positioned in the Magic Quadrant for 3 years in a row.

“This achievement reinforces our ability to provide world class IP Led testing and Quality Engineering services to clients of most sizes, helping them succeed in their Digital, Agile, and DevOps transformation initiatives. We have invested in our domain capabilities and over the years we have developed strong success stories in airlines, BFSI, high tech, retail, and energy & utilities verticals,” says Srikanth Chakkilam, CEO - Cigniti Technologies Inc.

“Cigniti adopts a client-centric approach, adapting to clients' individual needs and their specific demands. Clients also appreciate our ability to turn around change requests fast, its customer centricity and its willingness to change in line with client demands. We have strong delivery capabilities, good timeliness on engagements, robust testing methodologies and frameworks, and high-caliber resources who are ready to go the extra mile on an engagement,” Srikanth added.

“Demand for better application quality is growing as organizations deal with pressure from digitalization and focus on customer experience.” Gartner mentioned in the Research.

The application testing service market, with a copious number of providers, is fast-growing. Both full IT services providers, and dedicated, pure-play application testing service providers coexist. Gartner is aware of about 300 companies in this market. This Magic Quadrant assesses 18 of the leading application service providers based on specified inclusion criteria.

Access the Magic Quadrant for Application Testing Services, Worldwide here.

About the Magic Quadrant
Gartner Magic Quadrant for Application Testing Services, Worldwide, Susanne Matson, Gilbert van der Heiden, 21 November 2017.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Cigniti Technologies
Cigniti Technologies Limited (www.cigniti.com), Global Leaders in Independent Software Testing (IST) Services, is headquartered at Hyderabad, India. Cigniti’s 2000+ career testers are spread across US, UK, India, Australia, and Canada. Cigniti is the world’s first IST Services Company to be appraised at CMMI-SVC v1.3, Maturity Level 5, and is also ISO 9001:2008 & ISO 27001:2013 certified. Cigniti’s test offerings include Quality Engineering, Advisory & Transformation, Digital Assurance and Quality Assurance.

Media Contacts: Midhun.pingili@cigniti.com

Even Minor Glitches And Breaches Can Kill Brands

Even Minor Glitches And Breaches Can Kill Brands. Read this article from Sairam Vedam, VP & Global Head-Marketing at Cigniti Technologies, talking about how such issues not only leads to financial losses but also smudges the image of the brand in the public sphere, and the role of Quality Assurance to prevent such situations.