Zensar Technologies PAT up 120 per cent for Q2 FY'14

RPG group company Zensar Technologies posted revenues of Rs 589.77 cr for the quarter ended 30th September 2013, up 9.8% from Rs 537.31 cr for the corresponding quarter last year. Profit after tax increased by 120% at RS 70.63 cr as against Rs 32.17 cr last year. Dr Ganesh Natarajan, Vice Chairman and CEO, said, "With industry leading sequential growth of 5.8% in constant currency terms in our key markets of USA, Europe and Africa, our services business continues to be robust".

S. Balasubramaniam, Chief Financial Officer, said, "With our balanced portfolio of services in mature and emerging technologies, we are rightly positioned to capitalize on the current upswing in the economy, in our key markets".

The company said that it had landed 12 major deals during the quarter, including a five-year total infrastructure outsourcing deal with a world leading direct selling company. It also entered into an agreement with the Kapela Fund 1 and The Tomorrow Trust to set up a new broad based black economic empowered company in South Africa.

Zensar is among the leading global technology and business process companies in India, ranked among the top 15 software service providers in India.