RPG group IT firm Zensar Technologies reported a near 6 percent drop in net profit for the quarter ended June 30. Sandeep Kishore, MD and CEO of the company, spoke about the financial results.
“We have delivered a pretty good set of number in our Q1. It is about 19 percent or so in constant currency. We are executing quite well to our strategy. We have always maintained that our big focus is built around digital, the entire living digital platform and the enterprise digital capabilities that we are enabling for our customers has turned out to be quite well. All regions have delivered pretty consistent growth,” he said.
In terms of deal wins, he added, “I think we will do better. Our pipeline right now is north of a billion dollar. Last twelve months, we did about USD 700 million of deal wins. Pipeline is looking quite good particularly in the technology and in the financial services sector. Those are two sectors, which are doing well. Retail is a bit soft, there is some seasonality in it, some project closures which are there. Overall the pipeline on both cloud infrastructure services as well as digital and application services is quite healthy right now.”
When asked if this year as well the company can clock the same number as last year in terms of deal wins, he replied, “We hope so. As management we are very committed. There are several large deals. We don’t give any guidance but we feel from where I see today, the economic conditions are quite good in our customer segment.”
In terms of revenue growth, Kishore said, “If you look at the trajectory of growth that we have been delivering over the last several quarters now, we have been in the top quartiles of the revenue growth. We feel quite confident that we should be in the same range.”
“We have delivered a pretty good set of number in our Q1. It is about 19 percent or so in constant currency. We are executing quite well to our strategy. We have always maintained that our big focus is built around digital, the entire living digital platform and the enterprise digital capabilities that we are enabling for our customers has turned out to be quite well. All regions have delivered pretty consistent growth,” he said.
In terms of deal wins, he added, “I think we will do better. Our pipeline right now is north of a billion dollar. Last twelve months, we did about USD 700 million of deal wins. Pipeline is looking quite good particularly in the technology and in the financial services sector. Those are two sectors, which are doing well. Retail is a bit soft, there is some seasonality in it, some project closures which are there. Overall the pipeline on both cloud infrastructure services as well as digital and application services is quite healthy right now.”
When asked if this year as well the company can clock the same number as last year in terms of deal wins, he replied, “We hope so. As management we are very committed. There are several large deals. We don’t give any guidance but we feel from where I see today, the economic conditions are quite good in our customer segment.”
In terms of revenue growth, Kishore said, “If you look at the trajectory of growth that we have been delivering over the last several quarters now, we have been in the top quartiles of the revenue growth. We feel quite confident that we should be in the same range.”
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