Zensar Technologies net profit jumps 35.7% to Rs 91.34 cr

Zensar Technologies today reported a 35.7 per cent jump in its net profit to Rs 91.34 crore for the quarter ended September 30, on the back of growth in its core digital, e-commerce and enterprise businesses.
The software services provider had reported a net profit of Rs 67.31 crore for the corresponding quarter of the last fiscal.
Total income from operations rose to Rs 758.65 crore for the reported period as compared to Rs 655.88 crore last year.
"We had an exceptionally good quarter, in fact it was one of the best quarters. Growth on all parameters, be it our three core businesses, that is digital, e-commerce and enterprise businesses have done well and all the markets are doing well," Zensar Technologies Vice Chairman and CEO Ganesh Natarajan told PTI.

He said the company had been investing steadily in both digital and ecommerce for 12-18 months, which is now paying off.
"It is acquisition we did one year ago and our own organic growth. Now 15-17 per cent of our revenue is coming from digital and ecommerce," he added.

Natarajan further said the US contributes to about 74 per cent of its overall revenues and the next two geographies are Europe and Africa, with 10 per cent each contribution.
The company also has presence in Singapore, Middle East, Australia and India but the projects are very small, he said.
The company in a filing to the BSE said its Board of Directors have approved the appointment of Shashank Singh as an Additional Non Independent Director and John Levack, non-executive director of the company has resigned as director.

Singh will be designated as additional, non-executive and non independent director of the company.