Investing.com - Cyient Ltd-B reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cyient Ltd-B announced earnings per share of ₹7.20 on revenue of ₹13.96. Analysts polled by Investing.com anticipated EPS of ₹10.95 on revenue of ₹13.99B.
Cyient Ltd-B shares are down 21.99% from the beginning of the year, still down 40.48% from its 52 week high of ₹1,292.00 set on October 19, 2021.
Cyient Ltd-B follows other major Information Technology sector earnings this month
Cyient Ltd-B's report follows an earnings beat by Tata Consultancy on Monday, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.26 on revenue of ₹550.86B.
Infosys had beat expectations on Thursday with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.22 on revenue of ₹365.49B.
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