Pune, India, January 24, 2017:Zensar Technologies, a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their Digital Transformation journey, announced its audited consolidated financial results for their Quarter ending December 31, 2016, of the fiscal year 2016-2017.
Financial Highlights: The Company reported quarter on quarter revenue growth of 1.9% in constant currency at close of Q3 FY17 and 1.3% in USD terms from USD 116.0 M to USD 117.5 M. The Net Profit for the quarter grew by 17.1% sequentially from USD 10.3 M to USD 12.0 M. Digital Services continued its growth momentum and contributed 30.0% of Q3 FY16-17 revenue.
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “This has been a significant quarter for us with the acquisition of Foolproof Ltd., targeting leadership in CMO driven digital services consistent with our digital strategy and focus. Our investments over the past few quarters in significant new digital platforms - Robotics Process Automation, The Vinci™ - Zensar’s intelligent managed services platform, Cloud etc. have started to pay off with good order booking in these areas.”
“The focus on making investments in line with our clients’ digital requirements with our robust framework on achieving ‘Return on Digital™’ have helped in driving new wins. We continue to have a robust pipeline across all our service lines”, Sandeep added.
S Balasubramaniam, Chief Financial Officer, Zensar Technologies said, “This Quarter our focus has been on farming existing accounts with deeper client engagement and investments in account growth. A number of initiatives have been undertaken to build multi service business and digital opportunities to help our clients in their growth, which have helped us build our focus on profitability and account growth.”
Market Leadership: Digital, eCommerce, and automation have proven as key levers of growth for Zensar, and significant developments have been made in capabilities, partnerships, client acquisition and new services being taken to market.
Corporate Excellence:
Zensar listed as a Strong Performer in the Forrester Wave of Application Outsourcing Capabilities Of Midsize Offshore Vendors 2016
Zensar highlighted as a Niche and Established service provider in Zinnov Zones’ Digital in Retail 2016
Zensar named a Niche Player in Gartner’s Magic Quadrant for Managed Mobility Services, Worldwide
Zensar Technologies Cited in Gartner Report Hybrid IT Infrastructure Management and Cloud Migrations: Top Providers' Strengths and Weaknesses.
Zensar called out as an Aspirant in Everest Group’s Insurance AO PEAK Matrix 2016
Zensar bags SAP ACE Award 2016: for adopting Digital Initiatives in Public and Social Sector. Amongst the 500+ registrations, 200+ customers completing the nomination process, the following are the final four shortlisted customers for the Award for Adopting Digital Initiatives in Public and Social Sector by SAP India, along with Zensar – Paayas, Maahi, Shreeja Milk Producer Companies and NDDB Dairy Services.
The Company participated at the NRF 2017 in New York and presented many new innovative Retail solutions. The Retail Big Show is the retail industry’s flagship event that is held in New York. In its fifth consecutive year of partnership, Zensar had it biggest presence showcasing our key Retail solutions to both existing customers and key prospects across geographies.
Zensar participated at the Dreamforce 2016 in San Francisco, the flagship event of Salesforce and serves as a platform to interact and collaborate with industry pioneers and thought leaders. Zensar exhibited at Dreamforce for the first time and demonstrated industry wide solutions which leverage Salesforce cloud to deliver supreme business efficiency.
Zensar participated in Evanta CXO Summits across multiple cities. The Evanta format is an exclusive conference built ‘by CXOs, for CXOs’ to deliver peer insight and networking opportunities. Zensar was the Digital Engagement Host for the Evanta Milwaukee CXO Summit.
Zensar participated in Gartner’s Data Centre, Infrastructure and Operations Management Conference. At the event this year the company launched its unique and differentiated intelligent managed services platform called ‘The Vinci’.
Zensar Technologies Joins the United Nations Global Compact. The UN Global Compact is a voluntary initiative based on CEO’s commitment to implement universal sustainability principles within the organisation and to take steps to support the UN goals.
Zensar Technologies to enable 2 Sisters Food Group streamline Shared Service Centre Operations with Robotic Process Automationthrough a three year cutting edge RPA led project
Zensar to partner with Fullbeauty Brands in the transformation of its financial processes.
Digital wins this Third Quarter of FY 17:
Development of a global unified commerce platform for a $3 Billion US based Clothing and accessories retailer
Implementation of a next generation Microservices led Commerce platform for one of America’s largest department store
Robotic process automation for one of South Africa’s largest Fund administration company
Redesign and Conversion of the mobile gaming platform of South Africa’s largest online Gaming company
Digital Commerce enhancements and support for a multi-billion provider of personalized services
Mobile Control and Automation development for America’s leading flower and gift e-tailer
Significant deal to test mobile application integrations with UK’s leading Utilities provider
Developing a Real Estate business product for one of America’s largest navigation systems producer
Digital Commerce rollout using Next Gen Service oriented front end architecture for America’s leading fashion retailer
Significant wins this Third Quarter of FY 17:
Providing a managed service model for mainframe development for UK’s largest employee owned retailer
Operations and Infrastructure management support for a US based multi-Billion dollar Airline
Large Application development and support engagement initiative for the largest networking company globally which designs, manufactures and sells networking equipment worldwide
Large deal to manage and execute the Service desk operations for one of America’s largest real estate company
Oracle Applications upgrade for the largest networking company globally which designs, manufactures and sells networking equipment worldwide
Data Center management deal with a multi-billion dollar American Home furnishing company
Application development and support for a leading government energy agency
Infrastructure monitoring and management for one of the largest American airline
Core applications development for one South Africa’s largest banks
Application development and services for a $15 Billion Oil Exploration company