Cyient has incorporated 'Cyient Urban Micro Skill Centre Foundation' under Section 8 of the Companies Act, 2013 to further the CSR initiatives of the company.

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Cyient announced that Suntech, a leading provider of innovative OSS (operations support systems) solutions, has signed a non-exclusive business alliance agreement with Cyient.

Through this agreement, Cyient and Suntech intend to jointly pursue business opportunities globally in the communications industry by leveraging their technical proficiency, market reach, and domain knowledge. Cyient's expertise in system integration, operational excellence and global delivery model combined with Suntech's advanced and specialized technology will offer customers best in class OSS solutions.

Cyient will become a global sales and systems integration partner for Suntech's world class software products, benefiting its clients with enhanced OSS portfolio and maintenance capabilities. Cyient's global presence and established leadership in network inventory and assetmanagement will provide Suntech access to newer markets.

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Cyient announced that the Board of Directors of the Company at its meeting held on 17 October 2018, inter alia, have recommended the interim dividend of Rs 6 per equity Share (i.e. 120%) , subject to the approval of the shareholders.

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Net profit of Cyient rose 77.61% to Rs 151.50 crore in the quarter ended September 2018 as against Rs 85.30 crore during the previous quarter ended September 2017. Sales rose 15.59% to Rs 407.80 crore in the quarter ended September 2018 as against Rs 352.80 crore during the previous quarter ended September 2017.

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