Zensar Tech in the limelight

Zensar Technologies, which had closed yesterday at Rs.371.05, opened higher today at Rs.376.95, which is its low point of the day currently, going on to hit an intra day high at Rs.387.90, the levels where it continues to stay for now.

This spike up in the stock price of Zensar is thanks to its good YoY Q4 performance though QoQ, the numbers are pretty flat. YoY, a 19% rise in consolidated net revenue at Rs.608 crore and a 7% fall in tax expenses helped the company end the quarter with a net profit at Rs.55 crore, up 41%.  Its application management services segment did extremely well, followed by infra management services and product and licenses segment. QoQ, revenue showed just a 2% rise and net profit was up by 9%.

For the full fiscal year ended 31 March, Zensar reported a 9% rise in revenue toRs.2,316 crore and a 36% jump in net profit to Rs.237 crore. In terms of geography, 75% of its revenue came from America, Europe contributes 11%, Africa is at 8% and RoW is 6%. In terms of verticals, 68% of the revenue was from Application Management, Infra management contributed 22% and product and licenses was at 10%. It added 8 new clients during the quarter and its active client portfolio is currently at 300. Its total employee count is 6791 and in current fiscal, it plans to add 600 employees. The company expects a good year ahead and plans to focus on Germany, Austria and Switzerland.