Zensar reports 1.8% FY services revenue growth

Zensar, a global technology company, has reported a 1.8% year-on-year growth in services revenue for the fiscal year. In a recent interview with CNBC Africa, Manish Tandon, the CEO of Zensar, highlighted the company's achievements and growth strategy for the future. Tandon emphasized the importance of customer focus and innovation in driving the company's success. He mentioned that over the past year, Zensar has seen significant improvements in profitability, with EBITDA margins increasing to 17.2%. The stock price has also more than doubled, reflecting the market's recognition of the company's potential. Tandon credited the growth to enhanced customer and employee satisfaction. Zensar has operations in the US, Europe, and South Africa, with South Africa showing strong growth despite currency depreciation. The company's focus in South Africa has been on banking and financial services, with a 12.8% year-on-year growth in that segment. Tandon also highlighted the expansion into healthcare and life sciences as a new vertical for the company. Zensar is focusing on leveraging the latest technologies, including generative AI, to transform the industry and provide superior customer experiences. Tandon expressed his ambition to ensure that Zensar's clients receive the best technology solutions available. Overall, Zensar's growth and focus on innovation are positioning the company for continued success in the digital transformation of banking and financial services. As the company looks ahead to the future, Tandon remains optimistic about the opportunities for further growth and industry transformation.