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Rediff News  All News  » Business » Zensar Tech net rises 31%

Zensar Tech net rises 31%

October 18, 2008 03:31 IST

Pune-based IT services and BPO firm Zensar Technologies posted a net profit of Rs 18.56 crore during the quarter ended September 30, 2008 – a growth of 31.16 per cent over its net profit figure of Rs 14.15 crore reported during the corresponding quarter of the last financial year.

This is Zensar's lowest profit growth for the July-September quarter in the last three years, a reflection of the effects of the US financial turmoil.

The company posted revenues of Rs 232.82 crore (Rs 191.84 crore) in the quarter. Earnings per share (EPS) also increased to Rs 7.74 (Rs 5.91).

Zensar Technologies Managing Director Ganesh Natarajan said, "Zensar's focus on innovation continues to give us desired results. The new businesses of infrastructure management and software testing are showing great promise and we are looking at these businesses grow to $100 million by year 2010-11."