Zensar Technologies rose 3.75% to Rs 384.95 at 10:26 IST on BSE after consolidated net profit surged 41.3% to Rs 55.25 crore on 18.6% growth in revenue to Rs 602.54 crore in Q4 March 2014 over Q4 March 2013.
The Q4 result was announced after market hours on Tuesday, 22 April 2014.
Meanwhile, the S&P BSE Sensex was up 106.82 points or 0.47% at 22,865.19.
On BSE, so far 12,000 shares were traded in the counter as against average daily volume of 7,536 shares in the past two weeks.
The stock hit a high of Rs 387.90 and a low of Rs 376.95 so far during the day.
Zensar Technologies' consolidated net profit surged 36.1% to Rs 237.53 crore on 9.5% growth in revenue to Rs 2315.60 crore in the year ended 31 March 2014 (FY 2014) over the year ended 31 March 2013 (FY 2013).
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Announcing the results Dr. Ganesh Natarajan, Vice Chairman and CEO, Zensar Technologies said, "We are delighted with the smart uptick in our applications business in Western markets, with sequential growth of 10.3% this quarter in constant currency. We are seeing increasing customer demand for all our services, which now cover the full span, from digital transformation through IM, ERP, Applications Management to Business Process Management".
Zensar said that it has been focusing on new client acquisition and strategic deals in core markets with significant traction in large Fortune 1000 companies. The company recently announced Rs 100 crore of new business in core markets, it added.
Nitin Parab, Chief Executive and Head, Enterprise Transformation Business, Zensar said, "Our strategies for new client acquisition, and for supersizing deals in the US region have shown significant traction helping provide the necessary boost to sales. The client acquisition in the US has shown optimistic trends in core verticals that we are focusing on. The order book for the year ahead looks strong and we hope to close some significant deals in the pipeline in the coming months".
Zensar Technologies' board of directors at its meeting held on Tuesday, 22 April 2014, recommended final dividend of Rs 6 per share for FY 2014, subject to the approval of shareholders.
Zensar Technologies is a global information technology services and business process outsourcer headquartered in Pune, India.
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