Folks
Zensar has announced the results for the Fourth Quarter and the consolidated Annual Result of FY 11-12. I am pleased to share that the consolidated revenue for the quarter shows a 32% growth year-on-year with a Profit Before Tax growth of 62% year-on-year. Due to currency volatility and higher tax rates this year our last quarter profits after tax have been lower than the third quarter but the business fundamentals remain strong. The consolidated revenue for the year shows a 56.6% growth year-on-year with a Profit After Tax growth of 20.5 % year-on-year.
During the year, Zensar’s Retail Portal Solution for B2B collaboration, won the prestigious ‘Best Industry Solution Award’ at the national competition held by Computer Society of India (CSI). AutoZenics, a hosted on-premise solution deployed by leveraging a Hosted ERP solution on the cloud for the Manufacturing industry was also recognized by CSI in the product manufacturing category. We won the National Award in IT Excellence and Excellence in Global HR Strategy at the World HRD Congress 2012, which recognizes exemplary HR practices in talent management. We have also received the prestigious Service Excellence Award at the Cisco Supplier Day in San Jose, CA, amongst other significant technology services providers, and won the CNBC International Trade Awards for the fifth consecutive year.
There is a lot of concern about the future of this sector but I am sure strong companies will continue to do well !
Ganesh.
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