Zensar Q1 net profit jumps 74% to Rs 82.16 cr
“The company has reported a stellar industry-leading year-on year revenue growth of 18.1 per cent in the first quarter of the fiscal year. Digital continues to grow sequentially, underlining the success of our proprietary ‘Return on Digital’ strategy,” Zensar Technologies CEO and Managing Director Sandeep Kishore said.
Zensar Q1 profit up 74% at Rs 82 crore
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “The company has reported a stellar industry- leading Y-on-Y revenue growth of 18.1% in the first quarter of the fiscal year. Digital continues to grow sequentially, underlining the success of our proprietary ‘Return on Digital strategy. With the acquisition of Indigo Slate, a US based digital customer marketing, experience agency we expect the growth momentum to continue. We also continued to book new business backed by large deals resulting in a comprehensive and impressive performance.”
Zensar to acquire US-based Indigo Slate for about $18 mn
“With Indigo Slate, we have taken another major step towards providing customer experience, digital marketing and design capabilities to our clients in the US,” Zensar CEO and Managing Director Sandeep Kishore said.
Zensar acquires US-based digital marketing firm, Indigo Slate, for $18 mn
Indigo had revenues of approximately $20 million in fiscal 2018. The addition of Indigo Slate will strengthen Zensar’s capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof Ltd, a UK-based digital experience firm to build its digital services business.
Zensar to acquire US-based Indigo Slate for about $18 mn
“The company will acquire the entire share capital of Indigo Slate… (The cost of acquisition is) approximately USD 18 million and deferred payments subject to meeting the performance targets over the 36 months post-closing,” Zensar said in a regulatory filing.
Zensar to continue with its hiring strategy, plans to recruit 1000 freshers
Sandeep Kishore said that Zensar would continue to hire including the freshers as demand environment looks robust. “We added around 1000 people over the past two years while gross hiring last year was almost 3000. This year, we plan to hire 1000 freshers,” said Kishore.
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CEO: Why Zensar picked Durham for our 200-job operation
Indian technology firm Zensar picked Durham over competing sites in Georgia, Texas, Indiana and California for its first North American customer delivery center.
Indian tech services firm could bring 200 jobs to Durham
“North America is our biggest region and we are focused on making intense investments in this region,” stated Sandeep Kishore, CEO and Managing Director of Zensar.
Digital solutions firm opens customer center in RTP, plans to hire up to 200 people
“Some of our important customers are located in the vicinity, making the RTP a perfect location for our first nearshore customer delivery center here. We are committed to investing in building local talent that will strengthen our customer offerings. The facility will deliver on our business services, making us trusted partners to our customers,” said Sandeep Kishore, CEO and Managing Director of Zensar.
Zensar launches customer delivery center in North America
Durham Mayor Steve Schewel said, “We are excited to have Zensar join the growing group of technology companies setting up operations in the RTP. Our facilities, coupled with the convenient location allows enterprises to harness local talent as well as leverage the benefits of operational excellence. We wish Zensar the best and hope to work with them closely.”
Zensar Technologies Says To Maintain Earnings Growth Momentum
“Digital business grew 35 percent year-on-year and will continue to grow to the north of 20 percent,” Sandeep Kishore, managing director of the company, told BloombergQuint in a post-earnings interaction. Going ahead, the company will continue to invest in the digital segment, resulting in margin expansion,” he said.
Zensar Q4 profit zooms to Rs 72.65 crore
“FY18 has seen Zensar achieve new milestones as our digital business displayed consistent growth by growing 8.2 per cent sequentially and 34.6 per cent yearly… The most recent quarter has seen our digital services at its highest… We have added some key logos across all our services,” Zensar Technologies CEO and MD Sandeep Kishore said.
Zensar to acquire Cynosure for $33 million
Cynosure focuses on providing Guidewire platform implementation services to Property and Casualty (P&C) insurance carriers and clocked revenues of about $20 million in 2017.
Zensar to acquire insurance-tech company Cynosure for $33 million
“Cynosure is an integral part of our return-to-digital strategy,” Sandeep Kishore, CEO and MD, Zensar, told BusinessLine. “Insurance is 15 percent of our business, and this acquisition will help us grow it,” he added.
Zensar to acquire Cynosure for $33 mn
“The addition of Cynosure will help us strengthen our insurance vertical that accounts for about 15% of our business…the total deal size is about $33 million along with performance-linked earnout,” Zensar CEO and MD Sandeep Kishore told PTI.
Zensar leans on R&D for digital tech growth
Zensar TechnologiesBSE 0.43 % is banking on its dedicated lab or research and development (R&D) centre to remain competitive in key digital technology areas such as artificial intelligence (AI), machine learning, blockchain and server-less computing.
Zensar Technologies invests in platforms to bolster ‘digital’ offerings
At a time when most Indian technology services companies are rapidly expanding their digital portfolio to offer next generation technologies to global clients, midsize IT services company Zensar Technologies is gearing up for another level, expecting its investments in platforms and solutions to play a major role.