Zensar reports 3.4% sequential quarter revenue growth in Q3 FY18

Digital services grow at 9.0% and are at 38.8% of revenue

Pune, India, January 18, 2018: Zensar Technologies, a leading digital solutions and technology services company that specialises in partnering with global organisations on their Digital transformation journey, announced its audited consolidated financial results for its third Quarter ending December 31, 2017 of the fiscal year 2017-2018.  
 
Financial Highlights: The Company reported quarter on quarter revenue growth of 3.4% at close of Q3 FY18 from 118.6 USD M to 122.6 USD M. The EBITDA for the quarter grew by 17.8% from 14.0 USD M to 16.5 USD M.
Digital services continue to grow and have moved up 9.0% sequentially from a 36.8% of revenue contribution in Q2 FY 18 to 38.8% of Q3 FY 18 revenue.
 
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “The Company has maintained its growth momentum with all aspects of our Digital business showing healthy traction. Our proprietary Digital platform ‘Return on Digital®’ continued to help our global customers realize their digital ambitions. All regions have shown growth this Quarter, which is traditionally a period marked by the holiday season.” commented Sandeep.
 
Significant Wins Q3 FY18: 
 
A. DIGITAL WINS
  • Experience Design services: for one of the global leader in beverages; a leading insurer company in the UK; an integrated business Information Technology (IT) systems; an online gaming company
  • Digital Commerce deals for retail enterprises: a multi-year deal for an American clothing and accessory retailer; order management deal for an American chain of luxury department stores; micro-services for a large American home-furnishings company; an American company that provides vast range of business services to financial services and SMEs; American men's and women's and ready-to-wear, accessories, watches, jewelry, footwear and fragrance
  • Analytics: for a largest paper and plastic packaging businesses in southern Africa; 
  • Automation: a Robotic Process Automation mandate for one of the largest American companies in risk mitigation; marketing automation for US based entity that provides conflict-management services; for a large American hi-tech corporation; for a large US dental brand
  • Social Listening : multi-million, multi-year mandate for a large American hi-tech corporation
 
TRADITIONAL SERVICES WINS:
  • Multi million, multi-year AMS deal for a large European Banking and Financial services Group
  • Testing mandate for UK based multinational electricity and gas utility company
  • MVS deal for a leading American multinational biotechnology company 
  • Multi-million Application re-engineering deal for large American hi-tech corporation
  • Network management deal for a multinational conglomerate in the business of a broad range of products and solutions for the residential, commercial, and industrial sectors
  • Managed security mandate for a leading hotel and resort chain based in the United States
  • Datacenter services for South Africa-based financial services group 
  • An Oracle JD Edwards deal for Africa’s leading specialty chemicals conglomerate
  • A Oracle EBS deal for  a leading American telecommunications company
  • SAP implementation for UK’s leading insurance company
 
B. Corporate Excellence in Q3 FY 18: 
  • Zensar’s Enterprise Architecture Consulting mentioned in Gartner Market Guide
  • Zensar Technologies, announced the availability of a new whitepaper, ‘Unleashing the Power of Blockchain’. The paper features insights from Frost & Sullivan, focusing on the disruptive application of Blockchain led ecosystem that will help in creating business models of the future. 
 
Note: All numbers are as per the Ind-AS reporting standard
 

Q3 FY 17-18 Revenue and profitability snapshot (US$)

 

 

Particulars

Q3 FY18

Growth

USD Mn

INR Cr

Q-o-Q

Y-o-Y

USD

INR

CC

USD

INR

CC

Revenue

$ 122.6

₹ 793.7

3.4%

4.1%

3.5%

5.1%

0.9%

3.9%

EBITDA

$ 16.5

₹ 106.9

17.8%

18.6%

 

1.6%

(2.5%)

 

EBIT

$ 14.1

₹ 91.0

23.7%

24.6%

 

(3.0%)

(6.9%)

 

PAT

$ 9.1

₹ 59.1

(6.3%)

(5.7%)

 

(23.1%)

(26.2%)

 

 

Q3 FY 17-18 Revenue Growth in Constant Currency

 

Particulars

Segments

Q3 FY17-18

QoQ

Consolidated

For the Company

3.5%

Geography

US

5.3%

Europe

(2.3%)

Africa

3.0%

RoW

(4.5%)

Services

Application Management Services

3.5%

Infrastructure Management

3.5%

Maintenance

(2.0%)

Services

7.5%

Industry

Manufacturing

5.0%

Retail and Consumer Services

1.8%

Financial Services

6.0%

Emerging

(16.6%)

 

About Zensar(www.zensar.com)

Zensar is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their Digital Transformation journey. A technology partner of choice, backed by strong track-record of innovation; credible investment in Digital solutions; assertion of commitment to client’s success, Zensar ’s comprehensive range of digital and technology services and solutions enable its customers to achieve new thresholds of business performance. Zensar, with its experience in delivering excellence and superior client satisfaction through myriad technology solutions, is uniquely positioned to help them surpass challenges around running their existing business most efficiently, helping in their legacy transformation, and planning for business expansion and growth through innovative and digital ways.

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For any queries please feel free to reach out:
 
PR Contacts (Global Headquarters - India):
 
Aradhana Prabhu
Public Relations
Zensar Technologies
+91 9765999749  
aradhana.prabhu@zensar.com 
 
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