Zensar reports 20.2% growth in PAT and 17.6% growth in revenue for FY19

Pune, India, April 30, 2019: Zensar a leading digital solutions and technology services company that specializes in partnering with global organizations across industries on their Digital transformation journey, announced its audited consolidated financial results for Quarter ending March 31, 2019, of the fiscal year 2018-2019.  

Financial Highlights: 

• In Q4FY19, the company reported PAT of USD 11.7 M, a sequential growth of 53.1%. For the year FY19, PAT grew by 20.2% to $45.0M
• In Q4FY19 the Company reported revenue of USD 150.1M a sequential growth of 4.5%. For the year FY19 Revenue grew by 17.6% in USD terms to USD 566.9 M
• Digital Services contributed 46.4% of Q4FY19 revenues and was at 44.7% of FY19 revenues
• EBITDA grew by 20.2% sequentially in Q4FY19. For FY19 EBITDA grew at 22.0% over the previous year

Sandeep Kishore, Chief Executive Officer and Managing Director, 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 and 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, Chief Financial Officer, Zensar Technologies said, "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. As a result, our EBITDA in FY19 grew 22.0% over the previous year and PAT too grew by 20.2% to $45.0M.”

Significant wins in FY19:

• IT Transformation mandate for Vyaire Medical, US
• Strategic partnership with leading retail solutions company
• Application Management services for a large Hi-tech corporation
• Guidewire services for a US based property and casualty auto insurance carrier.
• Managed Services mandate for South Africa’s leading financial services group
• Infrastructure and Network services mandate for EBRD
• Infrastructure management including managed security mandate for a global aerospace major
• Application Development and Integration; Building and Implementing Responsive UI for a leading UK based motoring group
• Warehouse management for a leading US based department store chain
• Digital commerce implementation for a US based women’s clothing brand
• Automation work for a leading South African financial services corporation
• A multi-million-dollar, large deal for custom applications and solutions in the US with a global diversified brand
• Application support and management win with one of the largest global diversified corporation in the US
• An Enterprise applications services deal with a leading European online retailer and home shopping company
• A digital commerce services win for a leading American fashion company
• A digital commerce mandate for an American corporation and marketer of automotive replacement tires
• A Custom Applications deal with a leading SA based online micro gaming company
• An Oracle services win for a US based leading video and game entertainment company
• Application Management Services win for a large US based hi-tech global company
• End to end infrastructure management requirements for Ruffer, a leading UK investment management company
• JD Edwards implementation for a US company that develops aesthetic medical products
• Warehouse Management System (WMS) Upgrade?project for a leading supermarket chain in the United States
• Big Data and Customer Analytics for a large US based hi-tech global company
• End-user computing and data-center services for a leading UK oil and gas company
• Testing mandate for a leading British multinational life insurance and financial services company
• JD Edwards implementation for a US company that develops aesthetic medical products

Corporate Excellence in FY19 :

• Zenlabs, the innovation hub of the company filed a total of 53 patents, focusing on ideas contributed by Zensarians globally and its team of in-house researchers
• Zensar launches its First Customer Delivery center in Research Triangle Park (RTP), North America
• Zensar Wins Innovation Award from Skillsoft and SumTotal
• Zensar Joins Oracle Cloud Excellence Implementer Program to Drive Customer Success
• Zensar Joins Oracle Cloud Managed Service Provider Program
• Zensar Partners with Ocean Discovery Institute on Youth STEM Programs
• Zensar Announces Launch of 3 in 1 Insurance Module
• Zensar featured in the 100 Best Company for Women in 2018 BCWI Study
• Zensar wins People Matters L and D Award for ‘Best in Future Tech Skill Building’

Industry Recognition in Q4 FY19:

• Zensar featured in Novarica’s Market Navigator Report
• Zensar has been mentioned in the Gartner Report- "Revitalize Application Management Services with Kanban”
• Zensar named as a Major Contender in the Everest Group Digital Services PEAK Matrix™ Assessment 2019
• Zensar Recognized for Third Consecutive Year in Gartner Magic Quadrant for Managed Workplace Services, North America
• Zensar mentioned in the Zinnov Zones global rankings of Digital Service Providers for 2019, titled, 'Zinnov Zones for Digital Services - 2019'
• Zensar mentioned as an Innovator in Avasant Applied AI and Advanced Analytics Services RadarView™

Note: All numbers are as per the Ind-AS reporting standard

Q4 FY 19 Revenue and profitability snapshot (US$)

Q4 FY 19 Revenue Growth in Constant Currency