Wednesday, September 5, 2012 DataQuest
Real growth turfs were sectors like manufacturing, insurance, retail, banking, etc, that gave a push to Zensar's export revenues. The company opened a development hub in Bengaluru to provide solutions around cloud, social media, and mobility which it bundles as CloSoMo offering.
Besides being into software exports, Zensar obviously was the beneficiary of the rupee depreciation as the trend swelled its treasury by more than `20 crore. The company registered growth because of demand for vertical applications like PLM in manufacturing. Most of its customers embarked on virtualization in sectors such as retail and banking. But the company is wary about the future outlook given the global scene in the market and is thus trying to have stronger footprint in emerging economies like Africa, Middle East, and Asia.