{"id":120781,"date":"2024-03-14T13:05:37","date_gmt":"2024-03-14T07:35:37","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120781"},"modified":"2024-03-14T14:51:50","modified_gmt":"2024-03-14T09:21:50","slug":"it-stock-jumps-4-after-signing-a-multiyear-service-agreement-with-airbus","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-4-after-signing-a-multiyear-service-agreement-with-airbus\/","title":{"rendered":"IT stock jumps 4% after signing a multiyear service agreement with Airbus\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2133138285\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>IT Stock engaged in the business of providing global technology services and solutions jumped 3 percent in the day\u2019s trade upon signing a multiyear services agreement with Airbus for Cabin and Cargo Engineering.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3281610059\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 21,670 Crores, the shares of Cyient Limited were trading at Rs. 1,955.20, up 3.20 percent from its previous day\u2019s close price of Rs. 1,894.50.&nbsp;<\/p><p>Cyient Limited has signed a multiyear services agreement with Airbus for Cabin and Cargo Engineering, following this agreement, it will develop a part of Airbus\u2019s cabin \u2018Intelligent Core Management Platform\u2019 (iCMP). These systems focus on enabling faster software updates, easy and rapid customization, and proliferation of digital services in Cabin.&nbsp;<\/p><p>Cyient Limited has been working with Airbus, supporting the future-ready Cabins to deliver state-of-the-art services requiring new technologies and significant data flow volumes.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3241186248\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Karthikeyan Natarajan, Executive Director and CEO, Cyient said &#8220;We thank Airbus for their confidence in our capabilities and partnering to work on their key future technology development programs.&nbsp;<\/p><p>Cyient is committed to growing this partnership with Airbus to greater heights. We look forward to leveraging our technology expertise to support Airbus in their pursuit of transforming in-flight communication and diagnostics systems,\u201d&nbsp;<\/p><p>Cyient Limited is engaged in the business of providing global technology services and solutions, specializing in geospatial, information technology solutions, engineering design, data analytics, and many more.&nbsp;<\/p><p>Its revenue from operations grew by 32.67 percent from Rs. 4,534 Crores in FY22 to Rs. 6,016 Crores in FY23, accompanied by profits of Rs. 522 Crores to Rs. 514 Crores.&nbsp;<\/p><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-2857602545\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3384064553\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>IT Stock engaged in the business of providing global technology services and solutions jumped 3 percent in the day\u2019s trade upon signing a multiyear services agreement with Airbus for Cabin and Cargo Engineering.&nbsp; With a market capitalization of Rs. 21,670 Crores, the shares of Cyient Limited were trading at Rs. 1,955.20, up 3.20 percent from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-120781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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