Zensar reports 36.7% YoY increase in PAT and 16.5% increase in Revenue during Q2FY19
Deepthi | Myequity news | Date : 23-10-2018 20:55:00 IST
Zensar Technologies, a leading digital solutions and technology services company that specialises in partnering with global organisations on their Digital transformation journey, announced its audited consolidated financial results for its second Quarter ending September 30, 2018 of the fiscal year 2018-2019.
The Company reported QoQ revenue growth of 2.3% and YoY growth of 16.5% in USD terms. In constant currency the QoQ growth was at 4.1% and YoY growth at 17.5%. PAT grew by 8.6% QoQ and 36.7% YoY. Digital services continue to grow and have moved up 5.2% sequentially and 39.8% on yearly basis. Digital now contributes 44.2% of Q2FY19 revenue. Navneet Khandelwal, Chief Financial Officer, Zensar Technologies
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “We have remained focused on our digital strategy resulting in the consistent growth in our digital revenues which are now at 44.2% of our total business in Q2. With our recent acquisition of Indigo Slate, Zensar is well poised to offer differentiated digital solutions to global enterprises. After great success of our Return on Digital® platforms, we have now launched RoD NeXT, Return on Digital with New and Exponential Technologies; platform for our clients.”
said, “We have seen sequential growth in constant currency terms across all geographies. We have taken initiatives through H1FY19 to optimize costs and deliver on our digital capabilities. This has resulted in H1FY19 EBITDA to be at 13.3% in comparison to 11.1% in H1FY18 which is a 40.5% YoY growth in absolute terms.” About Zensar:
Zensar is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their Digital Transformation journey. Zensar’s comprehensive range of digital and technology services and solutions enable its customers to achieve new thresholds of business performance.