Zensar Tech's Q3 Net up 37% at Rs 69.52 cr

Mid-sized software services firm Zensar Technologies today reported 37 per cent jump in consolidated net profit to Rs 69.52 crore for the quarter ended December 31, 2014, helped by growth in infrastructure management services business.
The Pune-headquartered firm had posted a net profit of Rs 50.71 crore in the year-ago period, it said in a statement.
Consolidated net sales rose by 21 per cent to Rs 717.67 crore in the October-December quarter this fiscal from Rs 592.01 crore is the same quarter of the 2013-14 fiscal.
Commenting on the firm's performance, Zensar Technologies Vice Chairman and CEO Ganesh Natarajan said: "Zensar's business continues to show excellent growth in our core markets in spite of customer furloughs.

"We are delighted with the traction in the IM managed services business and have won deals in new areas like end user experience management."
Zensar has been enhancing its portfolio to create a comprehensive set of services to meet the infrastructure needs of its clients, the firm said.

Recently, the company announced partnership with Aternity Inc to expand its managed services footprint globally for end user experience management.
Service-wise, Application Management accounted for 69 per cent of the revenues followed by Infrastructure Management (18 per cent) and Products & Licences (12 per cent).
In terms of geography, the US accounted for 76 per cent of the revenues followed by Europe (9 per cent, Rest of the World (8 per cent) and Africa (7 per cent).

For the quarter ended December 31, 2014, Zensar's total headcount stood at 8,037 as against 7,846 at the end of September 30, 2014.
Zensar scrip today declined by 0.42 per cent to settle at Rs 642.05 apiece from its previous BSE closing.