Free press releases distribution network?

Agency / Source: Zensar Technologies Ltd

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Zensar Technologies Ltd Reports Excellent Profits – Zensar's PAT Jumps 85% Y-o-Y in Q1 - Zensar Technologies, the leading global IT and BPO services provider has reported excellent profits for the quarter ended June 30, 2008
Zensar Technologies Ltd Reports Excellent Profits – Zensar's PAT Jumps 85% Y-o-Y in Q1

 

PRZOOM - /newswire/ - Pune, Maharashtra, India, 2008/07/24 - Zensar Technologies, the leading global IT and BPO services provider has reported excellent profits for the quarter ended June 30, 2008.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Financial Highlights - Consolidated Results for the quarter ended 30th June, 2008:

• Revenue was up from Rs 187.90 Cr y-o-y to Rs 211.07 Cr;
• Net Income was up from Rs 13.35 Cr y-o-y to Rs 24.73 Cr;
• EPS up from Rs 5.58 Cr to Rs 10.32, 85% y-o-y increase.

Dr Ganesh Natarajan, Deputy Chairman and MD, Zensar and Chairman NASSCOM said, “The year has begun with a good Quarter for Zensar reporting excellent year on year profit growth at 85%. We are glad to be announcing good results even in this tough market scenario. Our focus on Retail and Enterprise solutions including Oracle SAP and Business Intelligence solutions will be intensified during the remainder of the year to consolidate and grow our success in these units.”

“Our strategies have remained to focus on productivity and efficiency keeping a close watch on utilization which is at an all time high of 85%, while constantly innovating to help deliver value to our customers. With the integration of acquired companies now nearing completion, we look forward to a robust financial year”, said S Balasubramaniam, Chief Financial Officer, Zensar Technologies Ltd.

Business Update:
• The Company added 23 clients during the quarter;
• The Company has 4626 employees as on 30th June, 2008. The utilization level has been sustained at its all time high score over two quarters at 85%;
• Zensar retains its leadership in the Fortune listing of Global Offshore Outsourcing Companies from India;
• This quarter Zensar’s BPO arm won its first large domestic deal with Kotak Mahindra which has seen a rapid ramp-up since its start in April 2008 to 250 associates today, and it is aimed as a 500 seater this year in steady state. Zensar BPO has also been rated amongst Top 20 BPO providers in the Finance and Accounting Outsourcing Magazine this year;
• Zensar OBT Technologies announces its OBT Pharma Solution, a Qualified SAP® Business All-in-One Partner Solution Designed for small and Midsize Pharmaceutical Manufacturing Companies helping make inroads into new Pharma accounts;
• Zensar has gained the exclusive rights to market Rosabeth Moss Kanter’s Change Management Toolkit in India and Middle East;
• The Emerging markets of India, Middle East and Africa continue be drivers of new business for the Company and with a number of customers ready now to move offshore which is a significant trend for the Company. Amongst the new wins in the territory are a large domestic banking and financial corporation, an equity solution and wealth management company, the third largest cellular network provider from South Africa, an industrial brand management company that achieves durability in business through long-term value creation, one of the world's leading professional services organizations, a leading biometrics and smart card technologies manufacturer, a high-end business infrastructure solutions, systems management and integration Company in South Africa;
• In the US even while the markets are down, new business has come in with a leading global wealth manager, a top tier investment banking and securities firm engaging with us in multiple shores, an IT network integrated solutions and semiconductor solutions provider, an independent distributor for selling personal care and nutritional products, a large information technology consulting, assessment, and information management products company, and a company that offers contract services in clinical evaluation through to commercialization and medical marketing to device industries. Europe too has had wins in a leading technology supplier search engine company, a large French software company specialized in marketing content and multi-channel publishing software and a leading provider of comprehensive loss prevention solutions to the retail sector amongst others;
• The Company was a sponsor at the Gartner Summit 08 and European Retail Solutions 08 which have been successful marketing ventures for Zensar in the UK;
• The Company launched its first year of online performance management system (ePMS) building much more efficiency into the system.

About Zensar Technologies
Zensar Technologies is among the top 25 software services providers from India. Zensar is the world's first enterprise-wide SEI CMM Level 5 Company and now a CMMI Level 5 Company with industry expertise that spans Retail, Manufacturing, Banking, Finance, Insurance, Telecommunications, Utilities and Pharma. Zensar has more than 4000 employees with sales and operations presence across US, UK, Germany, Sweden, Finland, Middle East, South Africa, Hong Kong, Singapore, Australia, Japan and China. The Company delivers comprehensive services in mission-critical applications, enterprise applications, e-business, BPO and Knowledge Services. The Company has developed tools and methodologies, including the proprietary Solution BluePrint (SBP), which enables its clients with innovative business solutions and a rapid ‘go-to-market’ capability. The Company supports Fortune 500 clients with software business solutions that help them compete in the digital economy.

For further information, please contact:
Lavanya Jayaram
Head - Corporate Marketing and Communication
Zensar Technologies
+91-20-66057851/ 98817 45380

Safe Harbor
Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Zensar Technologies Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Zensar Technologies Ltd Reports Excellent Profits – Zensar's PAT Jumps 85% Y-o-Y in Q1

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Parul Vaidya - Zensar.com 
+91 20 6605 7852 p.vaidya[.]zensar.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Zensar Technologies Ltd securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Zensar Technologies Ltd / Company Profile


Read IT Services/Network Management Most Recent Related Press Releases:

DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia
Multipharma Signs Five-year Contract with Damovo for Transformation Towards New Way of Working
Marcus by Goldman Sachs Deploys Finacle Solution on Cloud for its New Online Lending Business
ICSA Labs Affirms Radware's DDoS Mitigation Software and Testing Methodology
Verint Receives Frost & Sullivan’s Best Practices in New Product Innovation Award for Robotic Process Automation
NEC Participates in Global Wireless Summit 2016

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today