Summary
Zensar’s margins are expected to remain stable in the coming quarters and its net profit is expected to increase on the back of rising revenues. Despite improving revenue growth profile and winning deals, the company is on a growth trajectory and remains a favorite of analysts.
Zensar Technologies beat expectations down the road with 12% qoq revenue growth during the second quarter. However, it was hit by high industry-wide attrition and its attrition increased to 23.2% during the past 12 months. To quit the job and mitigate its impact, Jenser took a pay hike in July and went in for aggressive recruiting. It has increased its workforce by 9% qoq in the second quarter to 863. Zensar’s Margin Comes Down
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