Digital services and eCommerce fuel Zensar’s growth
Press Release | 19 Jan 2016
Zensar Technologies announced its third quarter results of FY16 today, reporting year on year revenue growth of 5.5% from INR 717.7 crore to INR 756.8 crore in quarter ended December 31, 2015. The PAT for the same period increased by 2.9% from INR 69.5 crore in Q3 FY 15 to INR 71.5 crore in Q3 FY 16. The company reported year on year YTD revenue growth of 12.6% from INR 1970.1 crore to INR 2217.9 crore in quarter ended December 31, 2015. The PAT for the same period increased by 23.9% from INR 192.8 crore in Q3 FY 15 to INR 239.0 crore in Q3 FY 16. Dr. Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies said, “Our focus on Digital and eCommerce continue to spur growth for Zensar in all territories. The Digital and eCommerce businesses have touched a contribution of 26% to the YTD revenues of the company”. S Balasubramaniam, Chief Financial Officer, Zensar Technologies said,“In addition to the steady performance of the enterprise and infrastructure businesses , we continue to keep our focus on cost management, to ensure that we deliver the double digit margins in the ensuing months ahead.” Syed Azfar Hussain, Global Head, Human Resources, Zensar Technologies said,“The Zensar associate count has grown this Quarter to around 8200. With Digital and eCommerce as keen growth areas for the business, we plan to focus our efforts ahead on new talent acquisition in these areas, and also expect to hire over 20 MBAs from Tier 1 management campuses.” Significant highlights reported this quarter are: The company was mentioned in key industry analyst reports : IDC report on IoT capabilities offered by SIs in manufacturing Critical Capabilities for Oracle Application Management Services, Worldwide Critical Capabilities for SAP Application Management Services, Worldwide Everest PEAK Matrix for Digital Services Everest PEAK Matrix for Insurance, as a Major Contender New business: Oracle Commerce implementation on PARADE i.e. Professional Access Rapid Application Deployment Environment, for one of South Africa's leading fashion retailers Oracle Commerce implementation for a Latin American technology company Significant multimillion dollar five year Managed Services deal with one of UK's largest retailer. A three year deal for core banking support and maintenance (application support and maintenance) of one of South Africa’s four largest banking groups by assets and deposits Digital enterprise services towards improvement of operational excellence for one of South Africa’s top providers of vehicle finance and car insurance eCommerce implementation for South Africa’s leading pharmacist Application support deal with Belgium’s top management school, consistently ranked amongst the top business schools in Europe Managed Services for an American company that manufactures DNA microarrays Infrastructure products and related implementation and configuration services for an investment firm that manages Global Equity portfolios for institutional investors around the world Multi-vendor support (MVS) for data and communication IP major in Netherlands AMS Services for large coffee and beverages company in Sydney, Australia Major multi-vendor support (MVS) expansion with the largest healthcare provider in the US Significant deal with leading Dairy organisation in India, leading to two more SAP implementations for dairy firms The company’s SAP unit has achieved significant qualified partner solutions for SAP S/4HANA for Life Sciences 'ZenLife’; for Dairy Industries, 'ZenDairy' ; for Industrial Machinery & Components, 'ZenMach' and for migration, 'ZenMIG'.