- 11:24 PM Student visa applications to US, UK see 25% drop
- 10:46 PM Astec LifeSciences to start a project in Q3FY11
- 09:11 PM US to face stimulus aftershocks: Warren Buffett
- 09:02 PM Expert stock/sector picks for tricky markets
- 08:52 PM Expert stock/sector picks in these markets
- 08:39 PM Eating 30% less meat good for health, planet
- 08:20 PM India to sell $70 bn shares in 3 years: Morgan...
- 08:18 PM November 26: Events to watch out for
- 07:40 PM ITC rules out hostile takeover of East India Hotel...
- 07:34 PM Godrej, Marico eye UK-based skincare brand Simple:...



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.
Sourced From: Zensar Technologies
|
|
Business
Business News | Economy | Earnings | BSE NSE Notices
General News
Current Affairs | Politics | World News | Sports | Entertainment
Corporate Strategy
Management | Advertising | Marketing | Legal
Personal Finance
Tax | Insurance | Credit Cards | Loans | Property | Retirement | Investment Help | Financial Planning | Fixed Income
Markets
Local Market | Global Market | Market Cues | Analysis | Expert & FII outlook | Brokerage Recomendation
Stocks
Stocks in News | Expert Advice | ADRs & GDRs | IPO
Mutual Funds
News | Advice | MF Analysis | Fund Managers Views
Lifestyle
Travel | Wellness | Technology | Auto| Books
-
Most Read
-
Most Viewed
- 10 Companies that FIIs love
- 10 companies that MF managers love
- Ex-bonus, RIL will see correction: SP Tulsian

- Sudarshan Sukhani's top five picks for today's trade

- Mkts to remain strong; bet on midcaps: Ramesh Damani
- Nifty to test 5500 post 5-7% correction: JM Financial

- Ganeshaspeaks: Market prediction for Nov 25
- Expert sector picks to power your portfolio ahead

- Below Rs 94, Mahindra Satyam can test Rs 85: Bhambwani

- Mah Satyam looks at out-of-court settlement with creditors

- S&P raises fears over health of some banks
Source: ft.com
- Auto sector growth to push up demand for rubber
Source: Business Line
- High networth individuals see glitter in commodities
Source: Business Line
- Tatas may launch electric Indica by early 2011
Source: Business Line










