Zensar Tech firms up after extending partnership with Microsoft

Zensar Technologies rose 1.35% to Rs 937 at 9:57 IST on BSE after the company and Microsoft extended strategic partnership in South Africa.

The announcement was made after market hours yesterday, 15 March 2018.

Meanwhile, the S&P BSE Sensex was down 173.30 points, or 0.51% to 33,512.24.

On the BSE, 770 shares were traded in the counter so far compared with average daily volumes of 1,059 shares in the past two weeks. The stock had hit a high of Rs 949 and a low of Rs 926 so far during the day. The stock hit a 52-week high of Rs 1,000 on 24 January 2018. The stock hit a 52-week low of Rs 729.90 on 16 February 2018.

Zensar Technologies announced an extension of its managed partner relationship with Microsoft in South Africa in the Global Systems Integrator (GSI) market. The key focus of this partnership for both entities will involve making inroads in the growth areas of cloud, digital, big data & analytics, cyber-security and e-commence. Customers in the region will also be able to leverage differentiated offerings in the cloud space from this alliance.

The scope of this partnership will involve the Zensar team working with Microsoft's recently formed One Commercial Partner team to build a go to market strategy. This will involve leveraging Zensar engagements and case studies on Azure, as well as more than 100 Zensar Azure certified associates.

Zensar's global footprint in Microsoft technologies, skills and solutions will allow both organizations to pursue go to market strategies for application modernization, modern application development, digital transformation, Azure cloud provisioning and graduate skills development. Emerging areas like robotics, Al, machine learning, blockchain, IOT, VR, big data and analytics and augmented reality are the focus for both entities. This partnership will enable both to help customers achieve cloud led digital outcomes swiftly and successfully.

Zensar Technologies' consolidated net profit fell 6.26% to Rs 60.17 crore on 4.09% growth in net sales to Rs 793.76 crore in Q3 December 2017 over Q2 September 2017.

Zensar Technologies is a leading digital solutions and technology services company.

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