Zensar’s PAT grows 20.3% Q-o-Q : Pune, India

Targets global retail leadership

Zensar Technologies Ltd has reported excellent growth in profit after tax in the quarter ended September 30, 2014.

During the quarter Zensar reported dollar revenue growth quarter on quarter of 5.5% from 101.29 USD Mn to 106.88 USD Mn. The quarter on quarter rupee revenue growth was 7.1% from Rs 604.78 crore to Rs 647.68 crore. The PAT growth quarter on quarter is 20.3% from Rs 55.98 crore to Rs 67.34 crore. The profit before tax quarter on quarter growth was reported at 29.4% from Rs 77.59 crore to Rs 100.39 crore. Dr Ganesh Natarajan, Vice Chairman and CEO of Zensar Technologies said, “The quarter has been exciting for Zensar with the acquisition of Professional Access, a milestone in the company’s retail and omnipresent commerce strategy. Zensar’s retail business is set for significant growth with new deals signed worth 25M USD, and a strong pipeline across all segments of retail in all markets”. With revenues of over USD 38 million, PA is one of the largest Oracle ATG and Endeca partners in the world. It is an Oracle Platinum partner with presence in US, UK, Latin America, Middle East and Africa. The company works with several large and mid-sized retailers in these geographies to build and implement their e-Commerce strategies. This acquisition furthers Zensar’s mission to strengthen its dominant position in the critical and fast growing e-Commerce space. Nitin Parab, Head Enterprise Transformation Services, Zensar Technologies said, “The US market has been growing steadily, and there is also good news in growth markets of India and Europe with significant new client acquisition in the government and public sector”. Krishna Ramaswami, Head of India Business, Zensar Technologies said, “The Zensar success story in India has been growing stronger with our reaffirmed commitment to the region, and concerted efforts to deliver the right solutions to the market. As a key strategy, we have made significant investments in research and innovation in preconfigured templatized SAP solutions for select verticals of Dairy, Textile, Pharma, Life Sciences in the market, which have been reaping rich results in terms of client acquisition.” The company reported the addition of 16 new significant clients and 171 new employees this quarter. The acquisition of PA brings an additional 856 employees into the Zensar fold. Some of the significant client additions this quarter: In United States:

• Mobility services for an American retailer that focuses on casual wear for young consumers
• Consulting services for the US leader in lender-placed insurance, which protects homeowners and lenders in the event of a lapse in insurance coverage
• Business Consulting services for an American toy and juvenile-products retailer
• Oracle Retail Support and Development services for chain of grocery stores in the western United States
• Oracle EBS services for a privately held, international luxury hotel company and for a large international retailing group
• Infrastructure Management services for an American regional sports cable and satellite television network; for a biotechnology company engaged in the discovery and development of therapeutics targeting cancer stem cells; an American multinational food manufacturing company.

In India:

• Digital Enterprise services for the leader in providing water and sanitation services in Bangalore
• BI and Analytics Services for a Co-leader in the Wines and Spirits sector worldwide
• SAP Implementation and Support services for the leading Polyester value chain company in India and abroad
• SAP Implementation and Support services for India's manufacturer and distributor of reputed brands in the personal and health care segments
• SAP Implementation of the ZenDairy solution for the Dairy Development Board of India
• SAP Implementation of the ZenDairy solution for a leading manufacturer of milk and milk products in South India