In The Spotlight

Zensar announces Fourth Quarter and Fiscal Year 2010-11 Results    

Pune, India - 21st April 2011,

Zensar Technologies, the leading global IT and BPO services provider has reported revenue and profit growth for the year ended 31st March, 2011.

For the fourth quarter, the consolidated revenue was up from Rs 232.64 Cr to Rs. 374.26 Cr as against same quarter last year, showing 61 % growth. Net income was Rs 37.82 Cr against Rs. 27.42 Cr for the same quarter last year, showing a 38 % growth.

Dr. Ganesh Natarajan, Vice Chairman and MD, Zensar said, “We have ended the year on a strong note with excellent order booking and prospects in all aspects of our business. The timely acquisition of Akibia and the completion of the 100 day integration plan ahead of schedule have enabled us to strengthen our dual shore Infrastructure Services Value proposition. We are investing in building new IP solutions in chosen domains and look forward to a period of excellent growth.”

 “Fiscal 2010-11 was a transformative year for Zensar with many successes," said S. Balasubramanian CFO, Zensar. "We focused on completing the acquisition, delivering innovative products to market and making investments in key areas that will serve as a foundation for future growth. As we enter fiscal year 2011, we will continue to focus on productivity and efficiency improvement, even as new revenues come from our verticalised market offerings and strengthened capabilities in Infrastructure Management and Enterprise solutions."

Zensar is restructured on vertical lines with six global profit centres for the verticals of Manufacturing, Media, Retail, Banking and Financial Services, Insurance and Connected Services (Healthcare, Government, Utilities and Transportation) bringing significant consulting expertise on the domain and will present both solutions and services to enable customers to leverage best in class technologies and processes for competitive advantage.         

Business Update:

• The company has added  264 associates  in the fourth quarter and the total head count was at  6145 as on 31st March, 2011 including 316 Akibia associates  
• The company has added 12 new customers in this quarter four in emerging territories that have the potential  of becoming multi-million dollar accounts in the coming year and 112 customers in the year  
• The Company for the second consecutive year has been awarded the Platinum-Level Partnership for Extreme Networks' 2010  
• Zensar Technologies was awarded the Asia Responsible Entrepreneurship Awards (AREA) Investment in People Award 2010 and received the Golden Peacock Award for Corporate Social Responsibility in 2011 
  

About Zensar Technologies (http://www.zensar.com/)

Zensar Technologies is among the top 20 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and was also later certified as a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Insurance, Utilities, Healthcare and Life Sciences. An RPG Group company, Zensar has more than 5500 employees with sales and operations presence across US, UK, Germany, Sweden, Middle East, South Africa, Singapore, Australia, China and Japan. 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.   

For further information, please contact:

Janki Sampat
Market Innovation
Zensar Technologies
+91-20-66057511/ +91-9764005810
janki.sampat@zensar.com

Shaonlee Bose
Head-Market Innovation ,
Zensar Technologies
Landline :  +91-20-66057845| +91-99230-74441
Email     : s.bose@zensar.com