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In The SpotlightZensar Tech Ltd posts 19% growth25-04-2008, Financial ExpressZensar Technologies Limited has registered a 19%-growth in sales to Rs 204 crore for Q4 of 2007-08 and a 25%-rise in net profit to Rs 21.54. Consolidated revenues for 2007-08 grew 29% to Rs 782.93 crore while net profit grew 12 per cent to Rs 64.50 crore. For 2008-09 Zensar has announced a guidance of Rs 82 crore PAT, which represents a 25% y-o-y growth. Ganesh Natarajan, deputy chairman and MD said that the strategy for revenue growth would be through wider and deeper penetration of Fortune 500 customers, new customer access through organic and inorganic expansion and tight management of utilization across our centres in Pune, Hyderabad and overseas have been successful. The company added 23 clients during the quarter. It has 4,483 employees as on March 31, 2008. The utilization level has reached an all time high of over 85 per cent. Zensar has won over $5million of new deals in Middle East and South Africa in the first three months of 2008 and is now targeting over ten percent of its total revenues from these fast growing segment of the market. ---------------------------------------------------------------------------Lavanya Jayaram - Head, Corporate Innovation Group, Zensar Technologies |
