Zensar Technologies Q1 net jumps 36% to Rs 76 cr

Zensar Technologies today posted 36 per cent jump in its net profit at Rs 76.08 crore for the quarter ended June 30, led by growth in digital business.
Zensar had posted a net profit of Rs 55.96 crore in the April-June 2014 quarter.
Its revenue growth in the reported quarter stood at 16.5 per cent to Rs 704.64 crore from Rs 604.78 crore in the year-ago period.
"This has been a quarter of robust growth for Zensar on all fronts. The company has been focusing on new client acquisition and strategic deals in digital and e-commerce, which has resulted in good wins and a substantial order pipeline," Zensar Technologies Vice Chairman and CEO Ganesh Natarajan told PTI.

"We are happy to see the market adoption of our digital solutions, which forms a strong foundation for growth in the financial year. We reached a level of 12.6 per cent of our revenues in FY15, and will continue to invest in new products, services and skills in this area," he said.
Talking about geographies, Natarajan said the US was performing extremely well for the company.

"Europe, especially the UK and Benelux where we operate, is also doing well," he added.
The US accounted for 78 per cent of the company's revenues in the said quarter, while Europe and Africa contributed 10 per cent and 8 per cent, respectively.

Its total headcount stood at 7,895 people at the end of June, 2015.
Shares of the company closed at Rs 744.74 apiece, up 8.25 per cent on BSE.