Synopsis
Zensar’s margin is expected to remain stable in coming quarters and its net profit is expected to zoom due to increasing revenues. Despite its improving revenue growth profile and deal wins, the company is on a growth path and a favourite of analysts.
Zensar Technologies beat street expectations with a 12% q-o-q revenue growth during the second quarter. However, it was impacted by high industry wide attrition and its attrition during the last 12 months increased to 23.2%. To stem attrition and reduce its impact, Zensar did wage hikes in July and went for aggressive hiring. It has increased its head count by 863 employees, up by 9% q-o-q, in the second quarter. Zensar’s margin came under
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
₹399/month
Monthly
PLAN
Billed Amount ₹399
₹208/month
(Save 49%)
Yearly
PLAN
Billed Amount ₹2,499
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year
PLAN
Billed Amount ₹3,599
15
Days Trial
+Includes DocuBay and TimesPrime Membership.
Already a Member? Sign In now
Get Offer
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
