Zensar gains on bagging deals worth $25 million

Zensar is currently trading at Rs. 121.75, up by 0.70 points or 0.58% from its previous closing of Rs. 121.05 on the BSE.

The scrip opened at Rs. 118.70 and has touched a high and low of Rs. 128.00 and Rs. 118.70 respectively. So far 7404 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 193.30 on 21-Apr-2011 and a 52 week low of Rs. 116.00 on 11-Oct-2011.

Last one week high and low of the scrip stood at Rs. 129.95 and Rs. 117.00 respectively. The current market cap of the company is Rs. 525.30 crore.

The promoters holding in the company stood at 47.82% while Institutions and Non-Institutions held 10.50% and 41.68% respectively. 

Zensar Technologies’ Enterprise Application business encompassing Oracle and SAP Solutions has bagged deals worth $25 million with significant new wins in key geographies. These deals have firmly embedded Zensar as a leading system integrator for Oracle Fusion Middleware (FMW), E Business Suite and Business Intelligence solutions delivering business value and enabling enterprises to create and run agile, intelligent business applications while maximizing IT efficiency through full utilization of modern hardware and software architecture.

In the US, Zensar has just bagged a multi-million dollar contract with the world’s leading provider of Conflict Management and Dispute Resolution Services, to develop and integrate its Case Management System and related business process to various end systems using FMW technology.  The company has also bagged the FMW implementation and support contract from the leading global interactive entertainment software company in the US that develops, publishes, and distributes interactive software worldwide for video game systems.

In the UK, the Company has implemented a FMW and Business Intelligence Enterprise Edition at a leading High Street and On-Line Fashion Retailer. The solution deployed is one of the first few implementations globally involving Retail Data Model. Zensar has also reported on a number of new wins in the Oracle Retail Practice in the UAE and Saudi Arabia.

Zensar continues to do well in Process and Discrete Manufacturing winning new deals Oracle Implementations in the US and Middle East. Zensar's manufacturing vertical offers repository of business solutions which allows for readily available frameworks to be adapted to a dynamic environment. In the domestic market, Zensar recently bagged the Maharashtra State Electricity Distribution Company to implement SAP's enterprise resource and planning software as part of over Rs 50-crore deal. The deployment will cut across all activities of the corporation such as finance, metering, human resources.   

These wins reinforce Zensar’s capability in its focus verticals of Manufacturing, Retail, Insurance, Healthcare and Media and the company expects Enterprise Applications as well as Infrastructure Management, to be the drivers of growth in each of these verticals.