Cyient shows a smart rise

In today’s trade, volumes on the counter of Cyient have jumped up to 58,000 shares v/s two-week average of 16,000 shares. The stock is currently up almost 3% Rs.504 levels, with an intra day high at Rs.543.55.

The IT company, formerly known as Infotech Enterprises, posted a 34% (YoY) rise in net profit at Rs.94 crore though QoQ, it was down 7%. Revenue was up 23% (YoY) at Rs.730 crore. And for the full year FY15, the net profit grew by 33% at Rs.353 crore and revenue rose 24% to Rs.2,735 crore.

The company added 3000 employees in FY15 though attrition rate rose up sharply from 27% to 15%.

In terms of geography, USA contributed 64% to the revenue in Q4, EMEAI (Europe, Middle-East, Africa, India) was at 25.8% and Asia-Pacific was at 10.5%.