Medical & Healthcare

The Medical and Healthcare BU witnessed a growth of 20.7% in FY18. The growth in the business was driven by manufacturing services as part of our Design to Build strategy. Our outlook for FY19 looks promising as we start to scale new relationships with a number of recent wins across design and manufacturing. The BU recently moved into a state-of-the-art facility in a SEZ with lab space designed to support the full product development cycle. We also announced our role as a founding sponsor of the Xynteo India2022 consortium leading the healthcare track with the mission of improving access to affordable diagnostic healthcare solutions.

Design-Led Manufacturing

The DLM BU witnessed a growth of 13.2% in FY18. The growth was more broad based across top customers in every segment. New additions through synergy offerings grew at a faster pace. Our outlook for FY19 continues to be positive based on a healthy order book. We see opportunities in Aerospace & Defence segment through Offsets and Synergy initiatives.

Operational Highlights    

CSR Activities

• Continue to support 25 Government Schools - supporting underprivileged children;
• Recognized by Telangana Government for the recent plantation drive
• Added one more Cyient Digital Centre that provides digital educational resources; and taking the total to 57

Infrastructure

• Two Business units shifted to SEZ location
• Setup a post silicon validation lab in Hyderabad for a customer
• Plan to expand Pune facility to 100 FTEs

Awards

• Boeing Supplier of the Year Award fourth time in six years
• 'Rail & Road Transport Award' and 'Best Railway Signalling Design Company 2018' for the second consecutive year

Operations

• MoU with Blue Bird Aero for UAV systems
• Founding sponsor of the Xynteo India 2022 Consortium
• Celebrated 10-year partnership with HIS
• Celebrated 20 years as a global partner for ESRI Inc
• Our IRIS certification was extended to comply with ISO/TS 22163:2017 after a successful audit

About Cyient

Cyient (Estd: 1991, NSE: CYIENT) provides engineering, manufacturing, geospatial, networks, and operations management services to global industry leaders. Cyient leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.  As a Design, Build and Maintain partner, Cyient takes solution ownership across the value chain to help clients focus on their core, innovate, and stay ahead of the curve. Relationships form the core of how Cyient works. With over 14,000 employees in 21 countries, Cyient partners with clients to operate as part of their extended team, in ways that best suit their organization's culture and requirements. Cyient's industry focus includes aerospace and defense, medical, telecommunications, rail transportation, semiconductor, utilities, industrial, energy and natural resources.

For more information, please visit www.cyient.com.

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Disclaimer

This document contains certain forward-looking statements on our future prospects. Although Cyient believes that expectations contained in these statements are reasonable, their nature involves a number of risks and uncertainties that may lead to different results. These forward-looking statements represent only the current expectations and beliefs, and the company provides no assurance that such expectations will prove correct.

All the references to Cyient's financial results in this update pertain to the company's consolidated operations comprising wholly-owned subsidiaries Cyient Europe Limited; Cyient Inc.; Cyient GmbH; Cyient KK; Infotech Geospatial (India) Pvt. Ltd. (IGIPL): partly owned subsidiaries Cyient Insights Private Limited; Cyient DLM Private Limited; joint venture Infotech HAL Ltd (HAL JV) & associate company Infotech Aerospace Services Inc. (IASI).

The income statement and cash flow provided is in the internal MIS format. MIS format is different from the income statement published as part of the financial results, which is as per the statutory requirement.

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SOURCE Cyient