Zensar reports robust growth in Q2, FY12 : Pune, India
Press Release | 21 Oct 2011
Zensar Technologies, the leading global IT and BPM services provider has reported excellent revenue and profit growth for the quarter ended 30th September 2011. Consolidated Results for the Second Quarter ending 30th September 2011 vis-à-vis last year
- Revenue was Rs. 408.96 Cr for the quarter ended 30th September, 2011; the Y-0-Y growth was 55%
- Net profit after tax was Rs. 40.05 Cr for the Quarter ended 30th September, 2011; vis-à-vis profit of Rs.27.50 Cr in the corresponding quarter last year
Dr. Ganesh Natarajan, Vice Chairman and MD, Zensar said, “ This has been a landmark quarter for us with the completion of the integration of AKIBIA and robust order booking performance by all the verticals. We are confident that many of the new solutions we have launched in the market will keep our revenues robust in the remaining quarters of the year.” Zensar Technologies has recently been restructured to provide specialized vertical solutions to global corporations across the world. The solutions and domain expertise are helping Zensar grow revenues from the current customer base and add new customers to the vertical portfolios. The company’s expansion into new edge technologies, cloud computing, analytics and mobile and social media solutions are avenues for significant opportunity for revenue growth. Yogesh Patgaonkar, Executive VP-HR of Zensar said “ In helping our business teams through a high growth phase, Zensar HR teams have kept attrition levels at an all time low this quarter and kept the hiring momentum . We have launched an iZen initiative to instill higher leadership capabilities in all our managers and will ensure that the capabilities and motivation of our associates remains the strength of Zensar in all geographies.” Zensar has emerged as a true transformation partner for all its customers over the years and the company’s efforts have also been recognized in the industry. Earlier this year, Zensar got listed in the 2011 Global Service 100. The Company has also featured as a ‘Leading Mid – Tier Application Development and Management (ADM) Vendor’ amongst 18 other companies and as a ‘Top Global Mid –Tier Information Technology Outsourcing (ITO) Vendor’ among 12 other companies. Business Update:
- The company’s total head count was at 6764 as on 30th September, 2011 including 318 Akibia associates
- The company has added 23 new customers in this quarter
- Zensar won the ‘Good Corporate Citizen Award’ for the year 2011 in the 'medium corporate' category for its outstanding service in operational performance and its contribution towards corporate citizenship
- Zensar also won the CNBC’s ‘Outstanding Exporter Award’ for the fourth consecutive year