Conference Call with Zensar Technologies Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
It Consulting & Software firm Zensar Technologies declares Q4FY22 result: Zensar reports 27.4% quarterly YoY growth in Q4FY22 In Q4FY22, the company reported revenue of $153.2M, a sequential QoQ growth of 4.1%, and quarterly YoY growth of 27.4% In Q4FY22, the gross margin stood at 30.1% of revenues in Q4FY22, representing a sequential QoQ increase of 50 basis points In Q4FY22, PAT stood at $17.2M or 11.2% of revenues, a sequential QoQ increase of 300 basis points For FY22, the company reported revenue of $569.4M, an increase of 15.3% YoY For FY22, the PAT stood at $55.9M, or 9.8% of revenue, an increase of 18.4% YoY The company reported net cash of $155.7M at the end of Q4FY22 The US region posted a 28.8% quarterly YoY growth and 3.4% sequential QoQ growth The Europe region registered its highest ever quarterly revenue with quarterly YoY growth of 29.7% and sequential QoQ growth of 9.8% South Africa posted a quarterly YoY growth of 15.7% and sequential QoQ decline of 0.1% BFSI reported quarterly YoY growth of 35.4% and sequential QoQ growth of 5.3% Hi-Tech and Manufacturing registered a quarterly YoY growth of 13.7% and a sequential QoQ growth of 3.2% Consumer Services registered a quarterly YoY growth of 34.1% and sequential QoQ growth of 3.9% Ajay S. Bhutoria, CEO and Managing Director, Zensar Technologies, said, "This has been one of our strongest quarters with revenues at $153.2M and our best year yet with annual revenues at $569.4M. This growth reinforces the value our clients place on our services. Our quarterly YoY growth of 27.4% has been the highest in the last few quarters due to strong deal momentum across all geographies and verticals. Our new strategy unveiled with a new brand at the beginning of the fiscal year has helped us drive increased engagement and traction with our clients.” “In terms of performance across the regions: Europe, at quarterly YoY growth of 29.7% and sequential QoQ growth of 9.8%, has seen one of its highest ever quarterly revenue numbers. The US region posted a 28.8% quarterly YoY growth and 3.4% sequential QoQ growth, driven by the growth in both existing and new accounts. South Africa also continued its momentum, posting a quarterly YoY growth of 15.7%.” He further elaborated, "From a vertical perspective, Consumer Services has seen a significant turnaround, with a quarterly YoY growth of 34.1%. BFSI at 35.4% quarterly YoY growth and HTM at a quarterly YoY growth of 13.7% have also demonstrated strong performance. We continue to operate in a hybrid work model as the world returns to normalcy. Our people remain a key priority, as we focus on their well-being and continue to invest in their training and upskilling to enable them to stay ahead of the curve.” Result PDF