Thursday, July 26, 2012 The Economic Times
Zensar Technologies on Wednesday reported a robust 101.5 per cent year-on-year jump in its profit for the first quarter of the current financial year. The net profit after tax stood at Rs 54.56 crore.
On a quarter-on-quarter basis, the company's revenue grew 10.2 per cent. On a year-on year basis, the revenues grew to Rs 544.29 crore, a growth of 36.5 per cent. The earnings per share was at Rs 12.57.
Commenting on the results, Ganesh Natarajan CEO and Vice Chairman of Zensar said "Q1 has been an excellent quarter and demonstrates the robust and risk mitigated nature of our business. Our strong focus on key verticals, diversified geographies and innovation in all our services will ensure that we meet our guidance of 15 to 18 per cent growth in FY 13."
Zensar reported 20 new wins in the quarter gone by.
"For the second time in a row, Zensar has been featured amongst the top 12 Indian IT companies in the latest 'Global Outsourcing 100' compiled by the International Association of Outsourcing Professionals (IAOP). Around the world we are helping our clients realize business improvement and true business value through our focus on new models and service offerings" said Ajay Bhandari, Chief Corporate Development Officer.