Zensar reports 3.5% year on year revenue growth in constant currency in FY 17
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Zensar reports 3.5% year on year revenue growth in constant currency in FY 17

Digital is now at 34.1% of revenue in Q4 FY 17

Press Release | 25 Apr 2017

Pune, India, April 25, 2017: Zensar Technologies, a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their Digital transformation journey, announced its audited consolidated financial results for Quarter ending March 31, 2017, of the fiscal year 2016-2017.  
 
Financial Highlights: The Company reported year on year revenue growth of 3.5% in constant currency at close of FY17 and 1.4% in USD terms from 452.8 USD M to 459.3 USD M. The net profit for the year is at 8.0 % of the revenue at 36.9 USD M. Digital Services contributed 34.1% of Q4 FY 17 revenue.
 
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “This year has been a significant one for Zensar with key acquisitions, highly relevant digital partnerships and launch of new solutions focused to our markets. The Company acquired Foolproof Ltd., targeting leadership in CMO driven digital services consistent with our digital strategy and focus, and more recently also acquired Keystone Logic to enhance our Omni Channel capability and Digital Commerce footprint. Our clients have been appreciative of our key digital investments in significant new platforms across Robotic Process Automation, The Vinci™ - Zensar’s intelligent managed services platform, Analytics, Cloud, Blockchain etc., as they are all aligned to their business outcomes.” 
 
“The most recent Quarter saw a slowdown on client ramp ups in traditional businesses in the US, however digital business continues to grow, with an addition of 11 clients in high growth areas”, he added
 
Manoj Jaiswal, Chief Financial Officer, Zensar Technologies said, “It has been a significant year for Zensar with several strategic investments into core digital areas. The key markets of Zensar, UK and Africa, performed reasonably well while US was muted. The profits for the quarter was impacted due to strong currency fluctuations and few onetime costs”
 
Significant Wins in FY 17 
  • A multimillion multi-year digital transformation deal with one of the largest British motoring associations
  • A multimillion long term contract on Digital Commerce implementation with one of the world's leading toy retailers
  • A multimillion deal in the space of mobile solutions with an American multinational financial services corporation 
  • A multimillion digital commerce deal with leading American clothing and accessories retailer
  • A multimillion digital consulting and implementation deal with one of America’s top department stores 
  • A multimillion dollar application management deal with one of the top departmental stores in UK 
  • A multiyear deal with a leading global provider of risk management solutions 
  • A multimillion dollar deal with the commerce arm of multinational conglomerate operating in electronics computer hardware and IT services business 
  • Oracle FMW deal for a leading non-profit dispute resolution organization in the US 
  • A multiyear MVS deal with a multinational information technology equipment and services company 
  • An IMS and Cloud solutions deal for one of the largest pharmaceutical companies in the US 
  • A multiyear RPA deal with a leading retail investment funds technology and services business based in South Africa 
  • An IMS and Cloud deal with one of the leading airlines in the US 
  • A digital testing services  multi-million dollar deal with leading gaming company
  • An application support and enhancement deal with a design and mobility products company 
  • A digital workplace solutions deal with a leading commercial bank in the US 
  • An Oracle EBS implementation deal for a leading American home-furnishings company 
  • A digital commerce support deal for fashion retailer in the US
Corporate Excellence in FY 17
  • The Company announced the acquisition of Keystone Logic, targeting leadership in digital commerce and omnichannel services
  • Zensar also acquired leading experience design company FoolProof, in order to reinforce its strengths in CMO driven services 
  • Zensar launched its key innovation hub called ‘ZenLabs’ with an imperative to make digital explorations aligned to client business outcomes – investing in the future
  • The Company also launched its Intelligent Command Centre (ICC) – using hyper automation, autonomics, orchestration and machine learning for providing an integrated view of client operations and building efficiencies
  • Zensar launches its Game Testing Centre of Excellence (CoE) to offer custom testing approach aligned with customer’s development and testing objectives
Industry Recognition in FY 17 

Zensar has found significant recognition in the Industry:  

Financial highlights for FY 16-17

Particulars

FY17

Growth

USD Mn

INR Cr

Y-o-Y

USD

INR

CC

 Revenue

$ 459.3

₹ 3,080.5

1.4%

3.9%

3.5%

  EBITDA

$ 59.3

₹ 398.0

(11.9%)

(9.6%)

 

    EBIT

$ 52.7

₹ 353.8

(12.7%)

(10.4%)

 

    PAT

$ 36.9

₹ 247.8

(21.9%)

(19.8%)

 


FY 16-17 Revenue Growth in Constant Currency (US$)

Particulars

Segments

FY16-17 YoY Growth

Consolidated

For the Company

3.5%

Geography

US

(2.0%)

Europe

35.7%

Africa

11.6%

RoW

11.3%

Services

Application Management Services

6.5%

Infrastructure Management

(6.1%)

Maintenance

(11.6%)

Services

(3.2%)

Industry

Manufacturing

0.4%

Retail and Consumer Services

21.8%

Financial Services

1.9%

Emerging

(31.2%)

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