Zensar Announces Results for the Quarter Ended December 31, 2011 : Mumbai, India

Highlights Consolidated Results for the quarter ended December 31, 2011

• Revenues was Rs 480.83 Crore for the quarter ended December 31, 2011; QoQ growth was 17.6% YoY growth was 85.6%
• Net profit after tax was Rs 52.29 Crore for the quarter ended December 31, 2011; QoQ growth was 30.6% YoY growth was 54.1%
• Earnings per share (EPS) was Rs 12.05 for the quarter ended December 31, 2011; QoQ growth was 30.6% YoY growth was 53.7%

Others

• 30 New clients were added during the quarter by Zensar and its subsidiaries
• 142 Net additions of employees for the quarter by Zensar and its subsidiaries

Dr. Ganesh Natarajan, Vice Chairman and MD, Zensar said,“All our businesses and geographies have reported stellar growth this quarter and we are confident that we will exceed our guidance for this year and continue to report excellent numbers in the next few quarters. Customers are becoming more discerning in the weak economic environment and we see that as an opportunity for high value creating partners like Zensar.” “The market for collaborative and next gen applications is expected to be the next big wave; we intend to help our customer’s business by accelerating their business processes, increasing productivity, and speeding innovation with disruptive technologies and innovation. The host of non-liner products and platforms developed by us are a true testimony of our strengths in exploiting this segment in the months ahead”, said Ajay Bhandari, Head of Strategy Consulting and Marketing for Zensar. Awards and Recognition Zensar’s Retail Portal Solution for B2B collaboration, won the prestigious ‘Best Industry Solution Award’ at the national competition held by one of the esteemed IT forums in India - Computer Society of India (CSI) earlier in the year. AutoZenics, a hosted on-premise solution deployed by leveraging a Hosted ERP solution on the cloud for the Manufacturing industry was also recognized by CSI in the product manufacturing category. Zensar was conferred with the Good Corporate Citizen award by the Bombay Chamber of Commerce ‘Good Corporate Citizen Award’ for the year 2011 by the Bombay Chamber of Commerce and Industry (BCCI), at Mumbai in September. The award was presented to Zensar for its outstanding service in operational performance and its contribution towards corporate citizenship, leading to the betterment of the society. Zensar has also received the prestigious Service Excellence Award at the Cisco Supplier Day held earlier in the quarter in San Jose, CA, amongst other significant technology services providers. Zensar was chosen for this award for demonstrated excellence in professionalism and innovation and foundational areas of productivity, delivery and support. The award recognizes Zensar’s exemplary performance in teamwork, communication, and responsiveness to Cisco’s business directives. The Company was also the winner of the CNBC International Trade Awards for the fifth consecutive year. The award aims at recognizing innovation and excellence demonstrated by the market leaders and institutions in the import and export industry with significant contribution to international trade facilitation in India. Expansion of services and significant projects The Company’s expansion into cloud computing, analytics and new geographic markets has provided for significant opportunity for revenue growth. The development and execution of its end to end service capabilities ranging from Applications Development and Maintenance, Enterprise Services including package implementation, support and business intelligence, Transaction Processing and Voice Business Services, Strategic Services like Consulting, Testing and Infrastructure Management and end-to-end process optimization for clients ranging from the Fortune 100 and FTSE 100 in US, UK and Asia to small start-ups in South Africa and the Middle East, has also helped in creating deep intellectual capital around vertical market adding to its specialization of creating enterprise applications for their customers. Consulting and Systems Integration and Business IT Zensar today is a key global service integrator and has dedicated centers of excellence built to design and implement solutions that employ a broad portfolio of technologies. This capability lends additional focus on creating next-generation solutions that enable new thresholds of business performance by leveraging cloud delivery models and technologies. Zensar is helping customers create optimized levels of business performance, through assessment, advisory services as well as application integration and migration services through platforms such as force.com, Google Apps Engine (GAE) and Microsoft Azure. The Cloud Services Charter in the organization will enable our customers redefine the way they deliver value to their customers. Zensar entered into a strategic alliance with Google earlier to address the emerging market demand for next generation collaboration solution for the benefit of all its Indian and global customers. This partnership is expected to not only enhance collaboration but will also empower Zensar’s associates in providing more choice and flexibility in where, when and how they choose to do their work. Zensar’s Mobility Consulting Services helps business improve visibility and gaining control over the productivity of their resources and assets porting critical applications onto mobile devices that extend the reach of the enterprise and provide visibility to improve processes. From receiving information on current status of deliveries to allowing boundary-free access to corporate information, Zensar’s enterprise mobility applications create new competitive advantages for businesses. In the US, Zensar has just bagged a multi-million dollar contract with the world’s leading provider of Conflict Management and Dispute Resolution Services, to develop and integrate its Case Management System and related business process to various end systems using Fusion Middleware technology. The Company has also bagged the Fusion Middleware implementation and support contract from the leading global interactive entertainment software company in the US that develops, publishes, and distributes interactive software worldwide for video game systems. In the UK, the Company has implemented a Fusion Middleware and Business Intelligence Enterprise Edition at a leading High Street and On-Line Fashion Retailer. The solution deployed is one of the first few implementations globally involving Retail Data Model. Zensar has also reported on a number of new wins in the Oracle Retail Practice and Process and Discrete Manufacturing in the UAE and Saudi Arabia. In the domestic market, Zensar recently bagged the Maharashtra State Electricity Distribution Company to implement SAP's enterprise resource and planning software as part of over Rs 50-crore deal. The deployment will cut across all activities of the corporation such as finance, metering, human resources. Products, Platforms and Solutions Products, platforms and solutions continue to gain momentum and accelerate our non-linear growth.

• ZenPOSlite, a complete mobile retail POS solution integrated with back-end stores system applicable across all formats.
• AutoZenics, a SaaS based ERP solution specially developed for SMB customers in manufacturing sector for the auto ancillary cluster.
• AutoZenics, a SaaS based ERP solution specially developed for SMB customers in manufacturing sector for the auto ancillary cluster.
• nXchange, a hosted ‘any-to-any format conversion’ and document forwarding platform for B2B scenario with implementation opportunities across verticals.
• ZenTraceability, created for the manufacturing vertical that has the ability to categorize products or parts - their origin and usage to help identify and isolate instances at any point in the manufacturing value chain if suspected to be faulty in nature.
• IntelliZen, a Business Intelligence for Supply Chain Management - SCM-BI provides “End-to-End” supply chain visibility with SCOR (Supply Chain Operations Reference) Model. It has been designed to attain objectives such as SCM refinement, effective collaboration, productivity enhancement, customer excellence and organizational growth.
• ZenProductivity, a tool for the manufacturers to monitor real time performance and utilization in the plant and allowing them to define the output, line layout and capacity, products, production plan and cycle time.
• ICD Services, a set of proprietary tools and frameworks for the healthcare Industry that provides end-to-end ICD Transition services from impact assessment, through remediation to support.
• iCAn, a solution for the healthcare vertical that allows ICD Converter and Analyzer to provide solution to all major challenges of ICD transition including mapping, crosswalk, document upgrade and analysis.
• ZenMobln, a mobile management framework allowing Insurers to connect to any mobile device to its backend application seamlessly thus providing the agility to offer new products and services at a much lower cost base.