Results & beyond

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...

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An optimistic start to the new financial year !

A whirlwind two week tour of seven cities across UK and US and meetings with clients reinforced the feeling that business confidence remains strong and the likelihood of a second recession has receded in the first few months of this calendar year.  The voices being picked up by our sales teams across the globe also do not reveal any reason to panic with robust business inflows happening, not just in the West but also Australia Asia, Middle East and Africa. Big ticket projects may be put under the microscope particularly in the still sluggish...

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A new financial year - why this kolaveri?

It’s quite a dismal mood with which we start the new financial year in India. A weak Jan-March quarter for all industry sectors, lackluster performance by the stock market indices in a quarter where most internal bourses  recorded dramatic gains and a general feeling that India has lost an opportunity to take an international lead in three years of slowdown! Even as confidence seems to be returning to the US economy, are we as a country positioning ourselves to capitalize on the opportunities of the future? A two week tour of seven cities...

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The economic morass and Indian IT

We are truly living out the old Chinese curse “May you live in interesting times”.  As Ministers, top bureaucrats and senior members of Parliament spoke at keynotes and panels in the annual conference of CII, organized specifically to discuss the path to a return of economic growth, one fact became abundantly clear – every intelligent person in any position of influence in the country knows that we have hit a growth roadblock. Do we have a collective method of recognizing, accepting and removing these road blocks is the question that is...

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CII and the art of economic growth

The Confederation of Indian Industry’s annual meeting which starred the who’s who of government and industry had all the makings of a Bollywood potboiler! There was a debating society of parliamentarians Tharoor, Yechuri, Prasad and Singh that took the fine art of sarcasm and repartee to new levels but did not rain any new intelligence on the five hundred strong audience of business chiefs. It was amusing though not surprising to find that all the politicians from the treasury benches mouthed the party line and appeared almost startled at the...

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