Zensar Technologies Says To Maintain Earnings Growth Momentum
News | 2 May 2018
Pune, Apr 24: Zensar Technologies Ltd. expects to maintain business growth momentum in the coming quarters. The Pune-headquartered technology company reported 23 percent profit growth in the March quarter as it reinforced its alignment to a digital-led transformation. “Digital business grew 35 percent year-on-year and will continue to grow to the north of 20 percent,” Sandeep Kishore, managing director of the company, told BloombergQuint in a post-earnings interaction. Going ahead, the company will continue to invest in the digital segment, resulting in margin expansion, he said.
- Net profit up 23 percent to Rs 72.7 crore.
- Revenue up 2.6 percent to Rs 814.7 crore.
- Earnings before interest tax up 8 percent to Rs 82.36 crore.
- EBIT Margin contracted 120 basis points to 10.1 percent.