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MarketScreener Homepage  >  Equities  >  MUMBAI STOCK EXCHANGE  >  Cyient Limited    532175   INE136B01020

CYIENT LIMITED

(532175)
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Cyient : Collaborates with Microsoft to Accelerate Internet of Things solutions for Industry 4.0

06/29/2020 | 07:13am EST

Verified IoT Edge Gateways and software enhance interoperability and allow faster time to production.

Cyient, a global engineering and technology solutions company, today announced it has joined Microsoft Azure Certified for Internet of Things (IoT), ensuring customers get IoT solutions up and running quickly with hardware and software that has been pre-tested and verified to work with Microsoft Azure IoT services. Microsoft Azure Certified for IoT allows businesses to reach customers where they are, working with an ecosystem of devices and platforms, allowing for faster time to production.

Cyient combines 28 years of operations technology experience and industry domain knowledge with its digital solutions and services expertise to help businesses simplify complex IoT implementations and manage the convergence of OT/IT for improved outcomes. From solving a single, high-impact customer challenge to mapping out a strategic roadmap for superior operations, Cyient helps customers Connect, Integrate, Analyze, and Act on data to drive actions.

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Cyient IoT Edge Gateway 5400, the flagship product in the company's family of IoT gateways, is Microsoft Azure Certified for IoT. It provides customers with a modular and scalable edge gateway for seamless connectivity of legacy machines and next-gen intelligent devices to the Industrial IoT network and the cloud. Cyient's IoT Edge Gateway 5400 provides diverse connectivity and communication protocol options, advanced data processing, and edge analytics capabilities for remote asset monitoring and predictive maintenance solutions. Cyient's modular platform approach to hardware and software, with plug-and-play modules and over-the-air firmware updates, ensure your long-life assets evolve as your business and technology evolve.

Speaking on the collaboration, Suman Narayan, Senior Vice President, Semiconductors and Medical Technologies and Healthcare at Cyient, said, 'Industries today are increasing focus on digital technology and building intelligence into equipment for remote monitoring and to extend asset life, improve customer experience, and ensure regulatory compliance. The Microsoft Azure IoT Certification validates Cyient's ability to accelerate IoT deployments for customers and ensure seamless integration from the edge to the cloud.'

'Microsoft Azure Certified for IoT extends our promise to bring IoT to business scale, starting with interoperable solutions from leading technology companies around the world,' said Jerry Lee, Director of Marketing for Azure Internet of Things, Microsoft Corp. 'With trusted offerings and verified partners, Microsoft Azure Certified for IoT accelerates the deployment of IoT even further.'

IoT projects are complex and take a long time to implement. Customers find that choosing and connecting the right set of devices, assets or sensors to the cloud can be time-consuming. To jumpstart their IoT projects with confidence, customers are looking for certified devices and platforms that are tested for readiness, compatibility and usability with the Microsoft Azure IoT Suite. By choosing a partner from the Microsoft Azure Certified for IoT program, customers can save time and effort on project specs and RFP processes by knowing in advance what devices and offerings will work with the Azure IoT Suite.

Learn more about this collaboration at Azure Certified for IoT and explore the Azure IoT Suite today.

About Cyient:

Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company. As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, domain knowledge, and technical expertise to solve complex business problems.

Cyient partners with customers 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, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
CYIENT LIMITED -3.05% 456.7 End-of-day quote.11.54%
MICROSOFT CORPORATION 0.64% 215.23 Delayed Quote.35.62%
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Financials
Sales 2021 40 635 M 550 M 550 M
Net income 2021 3 380 M 45,7 M 45,7 M
Net cash 2021 6 582 M 89,0 M 89,0 M
P/E ratio 2021 16,0x
Yield 2021 2,51%
Capitalization 53 891 M 728 M 729 M
EV / Sales 2021 1,16x
EV / Sales 2022 1,00x
Nbr of Employees 13 578
Free-Float 66,3%
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Number of Analysts 14
Average target price 458,62 INR
Last Close Price 490,05 INR
Spread / Highest target 28,4%
Spread / Average Target -6,41%
Spread / Lowest Target -38,8%
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Managers
NameTitle
Krishna Bodanapu CEO, Director & Managing Director
Ajay Aggarwal President & Chief Financial Officer
Karthikeyan Natarajan President & Chief Operating Officer
Venkata Ram Mohan R Bodanapu Executive Chairman
Murugappan Muthiah Murugappan Non-Independent Non-Executive Director
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