Zensar Technologies , the leading global software and BPO services provider has reported good working results for the quarter ended December 31st, 2007.
Financial Highlights
Consolidated Results for the quarter ended 31st December, 2007
Revenue was Rs 199.20 Cr for the quarter ended 31st December, 2007 with Y-o-Y growth of 35% (Rs 148.00 Cr)
Net profit after tax was Rs 15.02 Cr for the quarter ended 31st December, 2007, with a Y-o-Y growth of 14% (Rs 13.22 Cr)
Basic earnings per share before exceptional income are at Rs 6.27, up from Rs 5.58 in the same quarter previous year, and from Rs 5.91 of last quarter.
Ganesh Natarajan, Deputy Chairman and MD said "The return to growth and good operating profits, the assimilation of the Thought Digital and EZA acquisitions into the mainstream of the offshore business of the company and the signing of a number of significant deals in the core Outsourcing and Enterprise Applications all point to an excellent future for Zensar."
Vivek Gupta, Executive Vice President, Global Outsourcing Services, Zensar Technologies said, "Both IT and Business Process Outsourcing units have recorded robust order booking, revenues and profits for the quarter and we have signed some large deals in the chosen Retail space which can add millions of dollars to our revenue in the coming year."
Business Update
The Company added 17 clients during the Quarter with eight of them in its new service segments
The Company has 4172 employees as on 31st December, 2007. The utilization level has reached an all time high of over 80%.
Zensar forged a strategic alliance with SOA Software, a leading provider of comprehensive Integrated SOA governance solutions. SOA Software is the largest specialist vendor of SOA lifecycle management, registry/repository, security, mediation and management solutions and the only company that offers a comprehensive SOA infrastructure solution that can govern Web services on all major platforms. SOA Software is a venture backed (Redpoint, Draper, Goldman Sachs) firm with an impressive array of Fortune 1000 clients such as Pfizer and Merrill Lynch headquartered in Los Angeles.
A key win this Quarter includes the single largest consumer packaged goods sales and marketing agency in North America for manufacturers of groceries, health and beauty care items, household care products, and general merchandise. The company has recently signed up a multi year contact with Zensar for integrated IT-BPO services, including High Volume Transaction Processing, Enterprise Content Management and Remote Database Management among others. The total value of this deal is expected to be USD 5 Million over a period of two years.
The Company has also won a deal with a leading technology provider of IT, network and visual display solutions, to establish and manage an offshore service delivery unit in India for a period of 3 years. The delivery centre will cover a wide spectrum of services ranging from Helpdesk Services, Infrastructure Management to Application Management and Maintenance Services. The total value of this deal is expected to be USD 7 Million over a period of 3 years.
Another win this Quarter includes a California based USD 2.3 Billion company, a leader in high-performance networking, where Zensar would help them create a responsive and trusted environment to accelerate deployment of services and applications over a single network,involving Development, Hosting, Application Support and Enhancements. The total value of the deal is expected to be over USD 600,000.
A USD 4.5 Mn multi-year contract was won, from a leading customer interaction services provider based out of Canada including up-selling, cross selling and new customer acquisition.
