"Financial performance in Q1 FY'17 is in line with our expectation both on the top line and the bottom line. At the end of the June quarter, Cyient had 12,965 employees. "In DLM, we faced headwinds due to the cyclicality of the business. The services business grew 5.4 per cent in dollar terms driven by growth in aerospace and defense, transportation and communications business units (BU)," Cyient Managing Director and Chief Executive Officer Krishna Bodanapu said.All BUs witnessed growth through the quarter except utilities and geospatial and design-led manufacturing (DLM), he added. NEW DELHI: IT firm Cyient , formerly known as Infotech Enterprises , today reported 2.2 per cent decline in net profit at Rs 73.9 crore for the quarter ended June 30, 2016.The Hyderabad-based company had posted a net profit of Rs 75.6 crore in April-June quarter of 2015-16 fiscal, it said in a statement.However, revenue of the company grew 14.5 per cent to Rs 830.5 crore in the quarter under review as against Rs 725.8 crore in the year-ago period.In dollar terms, Cyient's net profit declined 7.2 per cent year-on-year to $11 million, while revenue rose 8.7 per cent to $124 million in the said quarter.

Source: Economic Times July 14, 2016 12:11 UTC