Conference Call with Zensar Technologies Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company Zensar Technologies declares Q3FY22 result: In Q3FY22, the company reported revenue of $147.1Mn, a quarterly YoY growth of 19.8% PAT stood at $12.1Mn or 8.2% of revenues, a quarterly YoY decline of 270 bps The company reported net cash of $168Mn in Q3FY22 On a quarterly YoY basis, the US region reported growth of 20.8%, the Europe region reported growth of 23.7%, and the South Africa region reported growth of 8.3% From a vertical perspective, the Banking vertical posted a quarterly YoY growth of 76.5%, while the Insurance vertical posted a quarterly YoY growth of 8.9%. The Consumer Services vertical posted a quarterly YoY growth of 26%, and the Hi-Tech and Manufacturing vertical reported a quarterly YoY growth of 7.1% Ajay S. Bhutoria, CEO and Managing Director, Zensar Technologies, said, "Our revenue growth of 19.8% quarterly YoY reinforces the value our clients place on our services. Our efforts in the Banking vertical are bearing fruit with a 76.5% quarterly YoY growth. Similarly, our Consumer Services business grew by 26% YoY during the same quarter. These outcomes are the result of initiatives launched in the first half of the year and include the integration of M3bi into our overall strategy.” Adding further, he said, "To meet increasing demand, we have stepped up investments in strengthening our talent pool by expanding lateral hiring and hiring from campuses, as well as by upskilling our existing workforce. As always, the safety and well-being of our associates continue to be a top priority as we continue to work largely from home in all locations.” Result PDF