Zensar Technologies Q2 Review - Executing Well On Refreshed Strategy: Prabhudas Lilladher

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Prabhudas Lilladher Report.Zensar Technologies Ltd. posted strong revenue growth of up 11.6% QoQ U.S. dollar, 12.3% QoQ constant currency much higher than our and consensus estimates (our estimate: 9.1%, consensus: 8.2%). Revenue beat was led by higher than expected growth of 5.4% QoQ U.S. dollar (our estimate: 3.5%) in organic business.M3bi also showed strong performance contributing $7.9 million (our estimate: $7.15 million) versus quarterly run-rate of $6.68 million in CY20.Growth was broad-based and strong revenue growth momentum is expected to continue in H2, however there will be element of furlough in Q3. Zensar Tech reported strong deal total contract value of $187.5 million, up 94% QoQ, 7% YoY (versus average deal TCV of $156 million per quarter in FY21). .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Zensar Technologies Q2 Review - Executing Well On Refreshed Strategy: Prabhudas Lilladher

Zensar Technologies Q2 Review - Executing Well On Refreshed Strategy: Prabhudas Lilladher

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