Zensar Q2 Net declines by 4.7% at Rs 67.31 cr

Mid-sized software services firm Zensar Technologies today reported a 4.7 per cent fall in net profit at Rs 67.31 crore for the quarter ended September 30, 2014, compared to the same period last year.
The Pune-headquartered firm had posted a net profit of Rs 70.63 crore in the year-ago period, it said in a statement.
Consolidated net sales grew 9.8 per cent to Rs 647.66 crore in the July-September quarter this fiscal from Rs 589.77 crore in the same quarter of 2013-14.
"First half in the last fiscal (2013-14) was a bumper period for us as there was gains from rupee depreciation among other factors," Zensar Technologies Vice Chairman and CEO Ganesh Natarajan told PTI.

"This quarter, we have had significant traction in the segments like retail, manufacturing and insurance and expected them to perform well going ahead too, he added.
"Besides, Zensar's retail business is set for significant growth with new deals signed worth USD 25 million, and a strong pipeline across all segments of retail," he said.

The second quarter has been exciting for Zensar with the acquisition of Professional Access, which is a milestone in the company's retail and omnipresent commerce strategy, he added.
In August this year, the RPG Group company Zensar had announced acquisition of US-based retail e-commerce solutions Professional Access for an undisclosed amount.

With revenues of over USD 38 million, PA is one of the largest Oracle ATG and Endeca partners in the world. It is an Oracle Platinum partner with presence in the US, the UK, Latin America, Middle East and Africa.
Zensar has made significant investments in research and innovation in preconfigured templatised SAP solutions for select verticals of Dairy, Textile, Pharma, Life Sciences in the market.
Zensar Technologies Head Enterprise Transformation Services Nitin Parab said the US market has been growing steadily, and there is also good news in growth markets of India and Europe with significant new client acquisition in the government and public sector.

The company reported the addition of 16 new significant clients and 171 new employees this quarter. The acquisition of PA brings an additional 856 employees into the Zensar fold.