Zensar’s PAT moves up 35% Y-o-Y in Q3
The Company’s revenue has increased by 25% this Quarter
Location: Pune, India | Date: 16/09/2009
Zensar Technologies, the leading global IT and BPO services provider has reported excellent year-on-year profit growth for the quarter ended 31st December, 2008.
Financial Highlights
Consolidated Results for the quarter ended 31st December, 2008 vis-à-vis the same quarter last year:
- Revenue was up from Rs. 199.20 Cr y-o-y to Rs. 249.43 Cr
- Net Income was up from Rs. 15.02 Cr y-o-y to Rs. 20.22 Cr
- EPS up from Rs. 6.27 to Rs. 8.44, 35% y-o-y increase
Dr Ganesh Natarajan, Vice Chairman and MD, Zensar said, “In spite of the current market scenario the Company has announced another Quarter of good profits with a significant year-on-year growth of 35% in PAT. The tough market conditions with the additional threats to security, safety and more recently governance have made for a challenging environment for the Industry. Zensar’s strong relationships with existing customers; steady movement on the customer acquisition front; and a focus on internal capability building have stood the Company in good stead.”
S Balasubramaniam, Chief Financial Officer, Zensar said, “The market continues to tread on uncertain ground and the adverse exchange rate movement would impact the Industry this Quarter. We have been adversely affected by the depreciation of various key currencies to the extent of Rs 7 Cr. A Rs 1. 55 Cr tax provision for assessment relating to prior years has also impacted the PAT. The Company’s excellent performance has been on account of our very strong business fundamentals.
Zensar has increased its focus on its human resources in the last few months and has seen attrition levels drop to single digits across most of its business units.
Prameela Kalive, Global Head, Human Resources, Zensar said, “We have been investing a lot of time and effort in getting employees motivated and keeping them upbeat in uncertain times. The Company has launched a number of new initiatives and enabling policies to equip our teams with the right capability building, individual development plans, focus on health and fitness, new idea generation camps which call for ‘crazy Ideas in these crazy times’ amongst others.”
About Zensar Technologies (www.zensar.com)
Zensar Technologies is among the top 25 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and now a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Finance, Insurance, Telecommunications, Utilities and Pharma. Zensar has more than 5000 employees with sales and operations presence across US, UK, Germany, Sweden, Finland, Middle East, South Africa, Hong Kong, Singapore, Australia, Japan and China. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.
Lavanya Jayaram - Head, Corporate Innovation Group, Zensar Technologies Tel: +91-20-66057851/98817 45380
