Zensar's PAT for Q3 moves up 61 % Y-O-Y

Online, January 21, 2010 (Newswire.com) - Zensar Technologies, the leading global IT and BPO services provider has reported excellent year-on-year profit growth for the quarter ended 31st December, 2009.

Financial Highlights

Consolidated Results for the quarter ended 31st December, 2009 vis-a-vis last year

 Profits have grown from Rs 20.22 Cr to Rs 32.50 Cr showing a 61 % growth y-o-y
 Revenue for nine months of the current fiscal (31st December 2009) has been
Rs 720.11 Cr (Rs 693.32 Cr)
 EPS up from Rs 8.44 to Rs 13.55, 61% y-o-y growth

Dr. Ganesh Natarajan, Vice Chairman and MD, Zensar said, "We have crossed Rs 100 Cr in PAT in nine months and continue to do well in spite of currency fluctuations and sluggish market conditions. In this quarter we have added a number of marquee customers with five new wins in the Oracle Applications space in the US. With a good pipeline in all markets and robust IT-BPO synergies, we are confident of exceeding a PAT of Rs.125 Cr this year."
Zensar won the Emerging Business Applications Award for 2009 at the Oracle UK Partner Awards in London earlier this year. In the US, the Company has built success stories through Greenfield projects using Oracle Business Accelerators which have been leveraged for faster implementation of enterprise applications and optimization of costs.
The Company has reaffirmed its commitment to the domestic market with focus on key segments of government, education, media & entertainment, healthcare and logistics in India by launching new offerings and partnerships to service the sectors. The Company has also been recently empanelled as IT consultant for the nationwide Restructured Accelerated Power Development and Reforms Programme (R-APDRP) launched by the Ministry of Power, Govt. of India in the XI Five year Plan to prevent frequent outages, and transmission and distribution losses due to theft and unmetered supply.
The company has added 25 new customers and 259 new associates this quarter.