Latest News | Cigniti Tech Net Profit Remains Flat at Rs 29 Cr in Q1

New Delhi, Aug 4 (PTI) IT company Cigniti Technologies on Tuesday posted an almost flat consolidated net profit at Rs 29.11 crore in the first quarter ended June 30, 2020.

The company had recorded a net profit of Rs 29.26 crore in the same period a year ago.

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"We took a 5 per cent salary cut during the quarter across the board as part of cost optimisation and efficiently managed operational expenses," Cigniti Technologies chief financial officer Krishnan Venkatchary told PTI.

He said the company expects to restore salaries to the previous level from October onwards.

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"All staff were very cooperative and not a single employee was laid off during the quarter," Venkatchary said.

The consolidated revenue of Cigniti Technologies declined by about 6 per cent at Rs 218.40 crore during the reported quarter compared to Rs 233.04 in the corresponding quarter of 2019-20.

The company's revenue from the travel sector declined to around 21 per cent from about 27 per cent on a year on year basis but the same was compensated by the gain in business from banking, finance and insurance, retail, healthcare, e-commerce etc.

The company recorded foreign exchange gain of Rs 2.26 crore during the quarter. PTI PRS SHW SHW 08042106 NNNNing on predominantly, a hard court, where your footing is secure,” said Jim Courier, a four-time major champion.

“Clay requires a bit of a different mindset. You have to be ready to hit that extra shot. You have to be ready to slide, dig in, play some defense.”

In the nearly 30 years since Courier's titles at Roland Garros in 1991-92, only one other French Open was won by an American man, Andre Agassi in 1999. More often it is someone from Europe — usually Nadal, of course — or South America, such as Gustavo Kuerten.

“I was lucky to be raised in Florida, where the bulk of the tournaments you play as a youngster are on the green clay,” Courier said. “So I learned how to slide at a very early age. For me it was very natural. I had no issues with it, no mental hang-up at all.”

Same for someone like Novak Djokovic, who has turned sliding on all surfaces into an art form.

Not so for those who came to clay later in life.

Monica Puig, the 2016 Olympic champion from Puerto Rico, laughed when asked whether sliding came easily.

“No. Not at all,” she said. “I remember falling all over the place.” “My first few coaches, we worked on it — even how not to get hurt when you're sliding,” Puig said, knocking on a table.

James Blake, a retired American player who reached No. 4 in the rankings, said he never felt comfortable with the kind of movement required for clay.

During a practice session in Rome in 2004, Blake tried sliding to reach a ball but his foot got caught and he slammed head-first into the net post, breaking his neck.

“I don't think,” Blake said, “that would have happened on another surface.” As for the proper technique, Blake said: “It's the sliding and the recovery. It's one thing to slide into it and execute that shot; it's getting back for the next ball for me was the most difficult. You watch Rafa and you watch Novak, and even Roger, and they do it so gracefully and so easily.”

One issue for Puig when she moved to clay courts: the wrong shoes.

Those for clay use a full herringbone pattern on the sole to stop the dirt from piling up, allowing for more traction — described by former top-10 member Roberto Bautista Agut as “a little more stick” — and smoother sliding.

Hard-court shoes usually have only partial herringbone treads and more cushioning, while grass-court shoes are entirely different, with cleat-like pimples on the bottom.

Today's pros use all three types of footwear.

The days of the surface specialists are over.

“Twenty, 30 years ago, the players played just on one surface. The Spanish guys never played on grass,” said Pablo Carreño Busta, a former top-10 player from Barcelona who has reached the U.S. Open semifinals and the French Open quarterfinals.

“Maybe one or two players hate to play on these courts,” he said in Paris last year, “but I think everybody knows how to do it. ... If you don't know how to do it, of course, it's worse.” AP

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)