Zensar Technologies Limited — Updates, 22-01-2025: Press Release

Zensar Technologies reported an impressive 8.6% year-over-year revenue growth for Q3FY25, reaching $157.0 million, with a modest sequential increase of 0.5%. The company's gross margin improved by 200 basis points to 30.1%. While the Manufacturing and Consumer Services segment led with 15.2% growth year-over-year, Healthcare and Life Sciences showed remarkable growth at 24.0%. However, the Telecommunication, Media, and Technology sector faced challenges, experiencing a 10.2% decline.

CEO Manish Tandon noted the team's resilience during a typically challenging quarter, emphasizing a strategic focus on execution and innovation. CFO Pulkit Bhandari highlighted a healthy order book of $205.3 million and improved collections, as demonstrated by a decrease in Days Sales Outstanding to 68 days. Significant new projects, including cloud services for a British bank and AI-driven solutions for fraud detection in insurance, were also announced.

The company's sustainability efforts were recognized with multiple awards, reflecting its commitment to environmental responsibility and community development, positioning Zensar for positive future growth.