Zensar Technologies Q2 net profit down 25% to Rs 68.8 cr


Zensar Technologies, a main advanced arrangements and innovation administrations organization that represents considerable authority in banding together with worldwide associations crosswise over businesses on their Digital Transformation travel, reported its inspected solidified money related results for the quarter finished September 30, 2016 of FY 2016-17.

The organization reported a 25% decrease in merged net benefit at Rs 69 crore for the July-September quarter. The organization had posted a net benefit of Rs 91.3 crore in the year-prior period. The Company reported quarter on quarter income development of 2.2% in consistent cash at close of Q2 FY17 and 1.8% from 114 USD M to 116 USO M in USO terms.

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The EBITDA for the quarter developed by 4.1% from 15.9 USD M to 16.6 USD M. Advanced Services proceeded with its development force and contributed 27.8% of Q2 FY16-17 income. Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “This Quarter has been a decent one for new request booking, and we keep on having a strong pipeline over all administration lines.

We have marked huge manages marquee customers in the Digital and IMS Cloud organizations. Inventive new arrangements that we have propelled in the ranges of mechanization and apply autonomy adjusted to our customers’ business needs, have started to show footing”.

“At Zensar the computerized activities propelled not long ago have started to demonstrate an ‘Arrival on Digitalâ„¢’ helping us go on the advantages to our customers”, Sandeep included. S Balasubramaniam, Chief Financial Officer, Zensar Technologies said, “Zensar’s attention on its main 20 customers both regarding entrance through multi benefit and computerized have started to show brings about terms of income and productivity.

This alongside the Companies activities around operational and money related efficiencies have prompted our EBITDA expanding to 14.3%”. Digital, eCommerce, IMS and Oracle are key levers of development for Zensar, and noteworthy advancements have been made in abilities, associations, customer procurement and new administrations being taken to advertise.

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