Conference Call with Zensar Technologies Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software firm Zensar Technologies announced Q1FY23 Result : Zensar reports 26.3% quarterly YoY constant currency growth in Q1FY23 In Q1FY23, the company reported revenue of $155.9M, sequential QoQ growth of 3.1%, and quarterly YoY growth of 26.3% in constant currency In Q1FY23, the EBITDA stood at 11.2% of revenues The company reported net cash of $163.5M at the end of Q1FY23 The US region posted sequential QoQ growth of 2.5% and quarterly YoY growth of 23.8% in constant currency The Europe region registered sequential QoQ growth of 3.5% and quarterly YoY growth of 39.8% in constant currency South Africa registered sequential QoQ growth of 6% and quarterly YoY growth of 21.1% in constant currency Banking, Financial Services, and Insurance (BFSI) reported sequential QoQ growth of 8.1% and quarterly YoY growth of 56.1% in constant currency Hi-Tech and Manufacturing (HTM) registered sequential QoQ growth of 0.5% and quarterly YoY growth of 3.8% in constant currency Consumer Services registered sequential QoQ decline of 0.4% and quarterly YoY growth of 24.4% in constant currency Ajay S. Bhutoria, CEO and Managing Director, Zensar Technologies, said, “We registered a quarterly YoY growth of 26.3% and sequential QoQ growth of 3.1% in constant currency, making this our fifth consecutive quarter of growth. While we see the onset of adverse market conditions, all our regions have grown. This brings to bear our investments in client transformation initiatives and our continued thrust across our verticals, geographies, and service lines. Our capabilities further deepened this quarter through skilling and training programs designed to enhance delivery and client engagement. By executing to our stated plan, we have driven momentum, brought resilience to our business and created headroom for growth.” Result PDF