
Zensar reports 8.6% YoY revenue growth for Q3FY25
Press Release | 22 Jan 2025
Pune, India, January 22, 2025: Zensar Technologies, a leading experience engineering and technology solutions company, announced its consolidated financial results for its third quarter, ending December 31, 2024, of the fiscal year 2024-2025.
Key Highlights:
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In Q3FY25, the company reported revenue of $157.0M, a quarterly YoY growth of 8.6% in reported currency and 7.5% in constant currency. This translates to a sequential QoQ growth of 0.5% in reported currency and 0.7% in constant currency
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In Q3FY25, the Gross Margin stood at 30.1% of revenues, representing a sequential QoQ improvement of 200 basis points
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Manufacturing and Consumer Services reported a quarterly YoY revenue growth of 15.2% and sequential QoQ revenue growth of 6.1% in reported currency
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Healthcare and Life Sciences reported a quarterly YoY revenue growth of 24.0% and sequential QoQ revenue growth of 3.2% in reported currency
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Banking and Financial Services reported a quarterly YoY revenue growth of 12.9% and sequential QoQ revenue decline of 1.4% in reported currency
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Telecommunication, Media and Technology reported a quarterly YoY revenue decline of 10.2% and sequential QoQ revenue decline of 3.7% in reported currency
Manish Tandon, CEO and Managing Director, Zensar, said, “Our growth in this quarter reflects the resilience of our business and the dedication of our team amidst a quarter that is traditionally challenging for the industry. Our strategic business approach and focus on execution and AI translate positively into the company’s overall performance.
Our growing headcount reinforces our commitment towards talent and innovation. We continue to focus on growth and investing for the same. As we move forward, we continue our efforts to deliver value to all our stakeholders and stay true to our organizational values of being ‘ONE with the Client’
Pulkit Bhandari, CFO, Zensar, commenting on the Q3FY25 performance, said, “Our execution and delivery excellence has led us to achieve best performance in Q3. Revenues for the quarter stood at $157.0M, which grew by 70 bps sequentially in constant currency. We have clocked order book of $205.3M this quarter showcasing our strong sales efforts. Our EBITDA improved by 20 bps to 15.6% despite seasonal furlough. Further, our DSO improved by 3 days to 68 days on account of healthy collections.
With determined focus on customer satisfaction, execution, and cost optimization, we strive to continue our journey of sustaining margins while delivering on revenue growth”
Significant Wins in Q3FY25:
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End-to-End Cloud and Infrastructure services across the tech landscape for a British retail banking firm
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Machine Learning solutions to detect fraudulent complaints for a global insurance product company
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Logistics Application migration leveraging AI solutions for a leading online grocery company
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Optimization of SRE capabilities for business-critical application in partnership with an enterprise software group
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Implementation of Leads Management System for one of the largest financial service groups in South Africa
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Guidewire implementation using advance designer product framework for an US Insurance firm
Awards and Recognitions in Q3FY25:
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Platinum Award for Leader of the Year 2024-25 in Sustainability: Zensar's leadership was honoured for integrating sustainability principles across its business operations, receiving a prestigious award from the iNFHRA Workplace Excellence Conference and Awards.
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Biodiversity Champion Award (SILVER): Zensar's significant contributions to biodiversity conservation and environmental protection were recognized at the Times Now 6th Global Sustainability Alliance - SDG Summit, Climate Action Awards.
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Excellence in Employability and Skill Development Award 2024: Zensar's commitment to enhancing the employability and skills of its workforce, and contributing to the development of a skilled talent pool in India, was acknowledged by the Indian CSR Awards.