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Zensar Tech reports 16.5% growth in revenue for Q1

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Zensar Technologies announced its first quarter results of FY16 today, reporting year on year revenue growth of 16.5% from INR 604.78 crore to INR 704.64 crore in quarter ended June 30, 2015.

The company did not disclose the growth when calculated in dollar terms. The rupee has depreciated against the dollar significantly over the past one year.

The PAT for the same period increased by 36.2% from INR 55.98 crore in Q1 FY 15 to INR 76.27 crore in Q1 FY 16.

The revenue growth over previous quarter is reported at 7.2% from INR 657.57 crore to INR 704.64 crore, and the PAT grew by 6.2% from INR 71.80 crore to INR 76.27 crore.

Dr. Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies said, “This has been a quarter of robust growth for Zensar on all fronts. The company has been focusing on new client acquisition and strategic deals in Digital and eCommerce, which has resulted in good wins and a substantial order pipeline.”

Nitin Parab, Chief Executive, Enterprise Transformation Services, Zensar Technologies said, “We are happy to see the market adoption of our digital solutions, which forms a strong foundation for growth in the financial year. We reached a level of 12.6% of our revenues in FY 15, and will continue to invest in new products, services and skills in this area.”

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