Zensar Q3 net profit up 2.9% to Rs 71.54 crore

IT firm Zensar Technologies today reported a 2.9 percent rise in consolidated net profit at Rs 71.54 crore for the December quarter. The Pune-based firm had posted a net profit of Rs 69.5 crore in the year-ago period. Zensar saw its revenue increase by 5.5 percent at Rs 756.8 crore in the quarter under review as against Rs 717.7 crore in the quarter ended December 31.

"Our focus on Digital and eCommerce continue to spur growth for Zensar in all territories. The Digital and eCommerce businesses have touched a contribution of 26 percent to the year-to-date (YTD) revenues of the company," Zensar Technologies Vice Chairman and CEO Ganesh Natarajan told PTI. He further said regular enterprise business was impacted by seasonal furloughs.

The contribution of digital services is expected to grow further to 30 percent, Natarajan said. "We are doing extremely well in digital services. We expect this to grow to 30 percent in this quarter or next," he added.

The company is training its team on the new digital technologies. Its total headcount stood at about 8,200 at the end of the reported quarter. "With Digital and eCommerce, as keen growth areas for the business, we plan to continue our focus on hiring new talent in these very areas.