Zensar net rises 69%

CORPORATE SCORECARD

Zensar Technologies reported a 69 per cent increase in net profits (consolidated) at Rs 57.19 crore for the quarter ended March 31, 2007 compared with Rs 33.93 crore during the corresponding period last year.

Its consolidated revenues grew 41 per cent to Rs 605.86 crore compared with Rs 428.79 crore during the corresponding quarter.

On a sequential basis, the company's net profit for this quarter stood at Rs 17.21 crore, a sequential growth of 30 per cent from Rs 13.22 crore. Its revenues for the quarter touched Rs 171.36, a sequential growth of 16 per cent compared with Rs 148 crore in the last quarter.

The earnings per share (EPS) before exceptional income for FY07 stood at Rs 24.22 compared with Rs 14.49 during the previous year, a Y-o-Y growth of 67 per cent. For the quarter, the EPS was Rs 7.29 from Rs 7.34 in the same quarter last year.

The company added 58 new clients this year. This quarter also saw the acquisition and successful integration of ThoughtDigital, with the new entity rechristened ZensarThoughtDigital.

It also initiated practices such as business intelligence and data warehousing to strengthen the Enterprise Application Services Portfolio. Zensar also entered into a joint venture with the promoters of Tokyo-based EZA, strengthening its footprint in the emerging Japanese market.

Ganesh Natarajan, deputy chairman and MD said, "This financial year has been the best ever for Zensar, with the company's focus on innovation-led strategies reaping significant results. Our recent acquisitions and expansion into new territories have gained us significant traction with excellent new customer acquisition in recently launched service areas."

The company has 3,741 employees as on March, 31, 2007. S Balasubramaniam, chief financial officer said, "The year has ended well with the successful completion of strategic partnerships for Zensar; acquisition of US based Oracle Company ThoughtDigital and joint-venture with Japan based EZA Global Solutions. We are confident that these ventures will add considerable shareholder value giving us a leadership position in the market."