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Zensar Technologies reported revenue of $157.0M for Q3FY25, marking an 8.6% year-over-year growth and a 0.5% sequential increase. The Gross Margin improved to 30.1%, up 200 basis points QoQ. The company's performance was driven by strong growth in Manufacturing and Consumer Services (15.2% YoY), as well as Healthcare and Life Sciences (24.0% YoY). Banking and Financial Services saw a 12.9% YoY growth, though it faced a slight decline of 1.4% sequentially, while Telecommunications, Media, and Technology faced a 10.2% YoY decline.
Zensar secured notable contracts, including cloud services for a British retail bank and AI solutions for fraud detection for a global insurance company. Their order book stands at $205.3M, demonstrating solid sales momentum. The company also improved operational efficiency, with a reduction in Days Sales Outstanding (DSO) to 68 days. Overall, Zensar's strategic focus on AI and cloud solutions indicates a positive outlook as they aim to enhance profitability and deliver value to stakeholders.