Very good set of numbers given the lukewarm industry environment. Sequential growth seen across all verticals. Only sour note is resignation of their CFO. Not sure if it’s just me, but I usually get concerned about resignation of CFOs on or around the results date.
Zensar Q4 2024 snippets
• In Q4FY24, the company reported revenue of $148.1M, sequential QoQ growth of 2.4% in reported
currency and 2.0% in constant currency.
• For the full year FY24, the company reported services revenue of $591.3M, yearly YoY growth of 1.0% in
reported currency and 1.3% in constant currency.
• In Q4FY24, EBITDA was at 16.5%, quarterly YoY increase of 200 bps and sequential QoQ decline of 70 bps
• In Q4FY24, PAT stood at 14.1%, a quarterly YoY increase of 430 bps and sequential QoQ increase of 70
bps
• The company reported net cash of $261.7M at the end of Q4FY24, QoQ growth of 5.4%
• US region reported a sequential QoQ services revenue growth of 4.3% in reported currency and 4.2% in
constant currency.
• Europe region reported a sequential QoQ services revenue decline of 1.2% in reported currency and 3.1%
in constant currency.
• South Africa reported a sequential QoQ services revenue decline of 2.3% in reported currency and 2.0%
in constant currency.
• Banking and Financial Services reported a sequential QoQ services revenue growth of 2.5% in reported
currency and 2.0% in constant currency.
• Manufacturing and Consumer Services reported a sequential QoQ service revenue growth of 3.0% in
reported currency and 2.3% in constant currency.
• Hitech reported a sequential QoQ services revenue growth of 0.8% in reported currency and 0.7% in
constant currency.
• Healthcare and Life Sciences reported a sequential QoQ services revenue growth of 3.6% in reported
currency and 3.5% in constant currency.
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