Cyient expecting material decline in Design Led Manufacturing revenue during Q4 FY19
Date: 02-04-2019Cyient is expecting material decline in its Design Led Manufacturing revenue during the Q4 FY19. A large order delivery of around $5million has been delayed due to delay in regulatory clearances at customer end with one of its customers.
In Services, the company has deferment of orders by some of its key customers in the A&D and Communications business units and they now expect a marginal sequential growth of 1% to 2% in Services.
The company expects its operating margin outlook for FY19 to remain the same as mentioned in the earnings call after Q3 FY19 results. The company also remains confident of a robust growth in FY20 on Revenue and Profits.
Cyient provides engineering, manufacturing, geospatial, network and operations management services to global industry leaders. It leverages the power of digital technology and advanced analytics capabilities, along with domain knowledge and technical expertise, to solve complex business problems.