We have announced the results for the first quarter of FY 12-13 and I am pleased to share that the consolidated revenue for the quarter shows 36.5% growth year-on-year. Q1 has been an excellent quarter and demonstrates the robust and risk mitigated nature of our business. Our strong focus on key verticals, diversified geographies and innovation in all our services has enabled us to weather the storm that is affecting the entire sector. We are confident that we will meet and exceed the goal of 18 % growth in Full Year 2012- 13.
Consolidated results for the quarter ended June 30, 2012
1. Revenues grew Rs 544.32 Crore for the quarter ended June 30, 2012; with a YoY growth of 36.5%
2. Net profit after tax was Rs 54.58 Crore for the quarter ended June 30, 2012 with a YoY growth of 101.7%
On a QoQ basis, Zensar’s revenue grew 10.2 % with focus verticals of Manufacturing and Insurance growing by 15.7% and 16.6% respectively. Net Profit grew 38.8 % QoQ.
Zensar has reported 20 new wins in this quarter some of which are multimillion dollar contracts across verticals. In the Manufacturing vertical, we have bagged a large deal in R12 implementation and Master data management with one of the largest private electrical contractors and one of the world’s largest clothing Manufacturers based in the US. Retail vertical continues to do well by adding one of the leading specialty retail stores for children’s apparel in USA for an Oracle R12 upgrade. Zensar will also support a leading bookstore chain in the Asia Pacific region in the areas of supply chain management and SDLC and function as their extended IT arm. Another significant deal was signed with an eminent accountancy body in South Africa for a project on IT support and integration, in the Financial Services group.
Zensar has entered into a strategic, multimillion dollar deal in Infrastructure Management with one of the leading worldwide providers of enterprise-class, cloud-enabled hosting, managed applications and services based in the US for a project on Data Centre Migration. Another deal was signed to deliver mission-critical, IT infrastructure services to a leading provider of private student loan credit unions, and schools in the US.
The industry continues to recognise the strides we made been making and for the second time in a row, Zensar has been featured amongst the top 12 Indian IT companies in the latest 'Global Outsourcing 100' compiled by the International Association of Outsourcing Professionals (IAOP).
confidence that we can forge ahead
Ganesh
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