Cyient Gets Target Price Revision After Q1 Results, But IDBI Capital Retains Hold Rating — Here's Why

Cyient's core design, engineering and technology segment reported a soft quarter; revenue of $162.5 million, down 0.5% QoQ / 0.9% YoY in CC terms, dragged by a sharp reversal in the strategic units segment and continued discretionary spending delays tied to West Asiarelated supply chain disruption.