Zensar Q3 net profit up 2.9% to Rs 71.54 crore

IT firm Zensar Technologies today reported a 2.9 per cent 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 per cent 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 per cent 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 per cent, Natarajan said.

"We are doing extremely well in digital services. We expect this to grow to 30 per cent 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. We will hire 20-22 MBA graduates from Tier I management campuses," he said.

The company's revenues from application management services stood at Rs 535.65 crore, while that from Infrastructure Management services (IMS) and Products & Licences stood at Rs 134.12 crore and Rs 87.04 crore, respectively.
Asked about IT budgets this year, Natarajan said it will be focussed more on front-end technologies.
Zensar Technologies shares today closed 0.88 per cent down at Rs 942.25 on the BSE.