Zensar Q4 profits up 14%
News | 30 Apr 2019
Pune-based Zensar Technologies reported a 13.9 per cent rise in profit after tax for the quarter ended March 31 at ₹827 crore, compared with ₹727 crore last year. In dollar terms, the company reported PAT of $11.7 million, a year-on-year growth of 4 per cent.
Revenues for the quarter were at ₹1,057 crore, a 29.8 per cent growth from the same quarter last year. In dollar terms, revenues were up 18.5 per cent $150.1 million. Digital services contributed 46.4 per cent of Q4 FY19 revenues and 44.7 per cent of FY19 revenues. EBITDA grew 20.2 per cent sequentially in Q4 FY19, and 22 per cent for FY19.
Sandeep Kishore, CEO and MD, Zensar Technologies, said: “FY19 has been a very good year for us with sustained improvement across all aspects of our business. Business growth was broad based with every business showing growth, led by our Digital and Next Gen Cloud & Infrastructure capabilities and backed by several large deal wins. We continue to invest in our market-winning ROD NeXT suite of digital platforms and solutions that help in delivering enterprise wide digital transformation programs for our clients.”
Navneet Khandelwal, CFO, Zensar Technologies, said: “In FY19 our focus was on efficient resource optimization, cost management and robust internal systems and processes. Profit growth was broad-based with all regions and service lines seeing margin improvement.”