Pune, India, July 22, 2025: Zensar Technologies, a leading Experience Engineering and Engagement solutions company, announced its consolidated financial results for its first quarter, ending June 30, 2025, of the fiscal year 2025-2026.
Financial Highlights:
In Q1FY26, the company reported revenue of $162.0M, sequential YoY growth of 4.9% in reported currency and 3.8% in constant currency. This translates to sequential QoQ growth of 3.3% in reported currency and 1.9% in constant currency.
In Q1FY26, Gross Margins stood at 30.5%, sequential growth of 20bps QoQ.
US region reported a sequential QoQ growth of 4.3% and quarterly YoY growth of 4.3% in constant currency.
Europe region reported a sequential QoQ decline of 5.8% and quarterly YoY growth of 3.8% in constant currency.
Africa region reported a sequential QoQ growth of 1.5% and quarterly YoY growth of 0.6% in constant currency.
Banking and Financial Services reported a sequential QoQ revenue growth of 2.9% and quarterly YoY growth of 8.2% in constant currency.
Telecommunication, Media and Technology reported a sequential QoQ revenue growth of 5.5% and quarterly YoY decline of 5.6% in constant currency.
Manufacturing and Consumer Services reported a sequential QoQ revenue decline of 4.1% and quarterly YoY growth of 1.1% in constant currency.
Healthcare and Life Sciences reported a sequential QoQ revenue growth of 5.2% and quarterly YoY growth of 16.5% in constant currency.
Manish Tandon, CEO and Managing Director, Zensar, said, "We delivered a strong quarter with steady revenue growth, driven by growing traction in AI-led deals and impactful solution delivery. With our lowest attrition in two years, I’m proud of our people and the culture we've built. Our ongoing focus on reskilling and upskilling in next-gen tech has resulted in healthy utilization levels.
Best in class customer satisfaction score on the back of our Experience, Engineering, and Engagement approach reflects the relevance and strength of our offerings. Execution excellence remains our hallmark as we continue to drive value for clients.”
Pulkit Bhandari, CFO, Zensar, commenting on the Q1FY26 performance, said, “We have achieved robust revenue of $162.0 M for this quarter translating into 1.9% growth in constant currency. EBITDA margins stood at 15.2% with PAT margin of 13.1%. We booked orders worth $172.0 M which is increase of 11.7% YoY. We have healthy cash & investment reserves of $315.7 M which underscores our financial stability and provides us with the flexibility to invest in growth opportunities.
Even in midst of political unrest and macro uncertainties, we are cautiously optimistic on our performance for the rest of the year, reliant on our core operational foundations. We strive to prioritize people and achieve outstanding client satisfaction”
Significant Wins in Q1FY26:
Design system migration leveraging AI for one of the largest sports betting and gaming group
Enhanced user experience and business-aware insights through GenAI and AIOps for a US based pharma company
Reverse engineering of code using Zensar AI Buddy with Azure OpenAI services for a rating service organization
Driving digital innovation with AI led user research for a UK’s leading entertainment company
Gen AI-assisted information gathering for risk assessments for a UK based financial institution
AI led Automated generation of legal contracts by extracting data from multiple source documents for a Fintech company
Awards and Recognitions in Q1FY26:
Zensar ranked in the Top 50 of India’s Best Companies to Work For 2025 by Great Place To Work®
Zensar wins Gold at ETHR World Future Skills Awards 2025 for Best Advance in Learning Management Technology
Zensar named Strong Performer in Whitelane Research UK & Ireland IT Sourcing Study 2025