Cyient, formerly Infotech Enterprises, hit a new high yesterday at Rs.592.80 on the back of its very good performance for Q3FY15, consistent with its Q2 numbers. It posted a 12% (QoQ) rise in consolidated net profit at Rs.101 crore on a 6% rise in operational income at Rs.712 crore. The market was happy that it managed to maintain its healthy EBITDA margin at 16.3% v/s 16.1% in Q2.

In terms of its verticals, Engineering revenue (in constant currency) was down 0.4% while the main contributor was Data Transformation Network and Operations (DNO) showing a 16% rise in revenue including its acquisition of Softential. In terms of geographical growth, Americas revenue rose 5%, Europe, Middle East, Africa and India grew 6% and Asia Pacific rose 4%. Overall constant currency growth was at 5.3%.  Current Q3 saw the company generating the highest free cash flow at Rs.90 crore and cash balance at end of the quarter stands at Rs.800 crore.

In terms of clients, it added 23 new customers during the quarter. Its total employee strength stands at 12,777 as at 31^st Dec, 2014. Attrition rate (voluntary) is at 22.7% of which 9.4% is on account of adjustment for clearing a backlog of associates and if this is not taken into account, real voluntary attrition is at 13.3%.