Mumbai, Apr 24 (UNI) Pune-based IT company Zensar today announced a 19 per cent increase in its turnover for Q4 of fiscal 2008 with the net income up by 25 per cent at Rs 21.54 crore.
The consolidated results for the year 2007-08 saw revenue up by 29 per cent at Rs 782.93 crore and the net income growing by 12 per cent at Rs 64.03 crore.
Commenting on the results, Company Deputy Chairman and Managing Director Ganesh Natarajan said the key elements of the Zensar's strategy for the year were revenue growth through wider and deeper penetration of Fortune 500 customers, new customer access through organic and inorganic expansion and tight management of utilisation across centres in Pune, Hyderabad and overseas have been successful.
''With the integration of all our acquisitions approaching completion, we are confident of weathering the economic slowdown and accelerating the growth and profits of the company in all geographies,'' he added.
The Company added 23 clients during the fourth quarter. It had 4,483 employees as on 31st March, 2008. The utilisation level has reached an all time high of over 85 per cent.
A 500 seat multi-year BPO contract had been signed with a significant North American firm. Zensar had won over five million USD of new deals in Middle East and South Africa in the first three months of 2008 and was now targeting over ten per cent of its total revenues from this fast growing segment of the market. The emerging markets have been maturing as outsourcing destinations in addition to the mainstay territories of US and UK.
UNI VK SR AG1647
The consolidated results for the year 2007-08 saw revenue up by 29 per cent at Rs 782.93 crore and the net income growing by 12 per cent at Rs 64.03 crore.
Commenting on the results, Company Deputy Chairman and Managing Director Ganesh Natarajan said the key elements of the Zensar's strategy for the year were revenue growth through wider and deeper penetration of Fortune 500 customers, new customer access through organic and inorganic expansion and tight management of utilisation across centres in Pune, Hyderabad and overseas have been successful.
''With the integration of all our acquisitions approaching completion, we are confident of weathering the economic slowdown and accelerating the growth and profits of the company in all geographies,'' he added.
The Company added 23 clients during the fourth quarter. It had 4,483 employees as on 31st March, 2008. The utilisation level has reached an all time high of over 85 per cent.
A 500 seat multi-year BPO contract had been signed with a significant North American firm. Zensar had won over five million USD of new deals in Middle East and South Africa in the first three months of 2008 and was now targeting over ten per cent of its total revenues from this fast growing segment of the market. The emerging markets have been maturing as outsourcing destinations in addition to the mainstay territories of US and UK.
UNI VK SR AG1647
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