Zensar Technologies : reports Q-o-Q growth of 3.8% in dollar revenue
July 24, 2014 at 06:48 pm EDT
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Zensar reports Q-o-Q growth of 3.8% in dollar revenue
July 24, 2014, Pune, India
US market fuels growth
Zensar Technologies Ltd has reported excellent revenue growth in the quarter ended June 30, 2014.
During the quarter Zensar reported dollar revenue growth quarter on quarter of 3.8% from 97.55 USD Mn to 101.29 USD Mn, and year on year growth of 6.6% from 95.04 USD Mn to 101.29 USD Mn.
The company reported quarter on quarter rupee revenue growth of 0.4% from Rs 602.54 crore to Rs 604.78 crore, and year on year growth of 13.8% from Rs 531.28 crore to Rs 604.78 crore. The PAT growth quarter on quarter is 1.3% from Rs 55.25 crore to Rs 55.96 crore. The profit before tax quarter on quarter growth was reported at 8.6% from Rs 71.48 crore to Rs 77.59 crore.
Dr Ganesh Natarajan, Vice Chairman and MD of the Company said, "The financial year 2014-15 has begun with a good quarter for Zensar. The company has booked and executed excellent business in both applications and infrastructure services in key markets. Many of our new services including Digital Transformation and Total Infrastructure Outsourcing services have received encouraging response from existing and new customers."
S Balasubramanian, Chief Financial Officer said, "It has been a significant quarter for Zensar with the company clocking revenues in excess of 100 Mn USD. With the economies reviving worldwide, Zensar is well positioned to capture significant market share."
The company reported the addition of 12 new significant clients and 103 new employees this quarter.
Business Highlights
Some of the significant client additions this quarter:
In United States:
Oracle Fusion Middleware development for a major international marketer of maintenance products, one of the largest companies in the world to sell such products through direct marketing
Analytics for a large hospital network, most comprehensive, locally owned health care resource
Infrastructure management services for the largest healthcare system in the state of Georgia
Infrastructure management services for an American manufacturer of analog and mixed-signal semiconductor products
In Africa:
A significant mortgage finance provider
A diversified financial services company in investment banking, fund management, private wealth management and advisory services and a large aftermarket automotive products company in Africa
In Europe:
Core back-end software testing for a significant specialist in the insurance business
In India:
Analytics for a large French producer of distilled beverages
Application Management Services for a global manufacturing leader of agricultural machinery
Zensar Technologies Limited is a digital solutions and technology services company. It is engaged in providing a range of information technology (IT) services and solutions. It operates in two segments: Digital and Application Services (DAS) and Digital Foundation Services (DFS). The DAS segment includes custom applications management services that include application development, maintenance, support, modernization and testing services across technology and industry verticals. The DFS segment includes infrastructure management services, which consists of hybrid IT, digital workspace, dynamic security, and unified IT provider under managed service platform using automation, autonomics, and machine learning. It offers a range of services, including experience services, advanced engineering services, data engineering & analytics, application services, and foundation services. It serves various industries, such as manufacturing, retail and consumer services, insurance, and others.
ZENSAR TECHNOLOGIES LIMITED 
