financetom
Economy
financetom
/
Economy
/
Zensar Tech is confident of beating Nasscom growth guidance for FY19
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Zensar Tech is confident of beating Nasscom growth guidance for FY19
Aug 20, 2018 5:27 AM

Pune-based IT service provider Zensar Technology is confident of beating Nasscom growth guidance for FY19, said Sandeep Kishore, MD and CEO.

The company is very much focused on deep digital technology and execute it well with 43 percent of the business being digital. Digital has grown 40 percent year on year, said Kishore.

"We had articulated a strategy that we are a return on digital platform plus services company rather than a pure play services company and we have won over half million worth new deals in the last 12-15 months and in the phase of execution now," he said.

The margins on digital business are similar to other and are not at scale yet, but once they scale up, the margins will be better than the services business, added Kishore.

He said the company is happy with the growth and execution of the core organic business. “Organic growth was at 14.1 percent year on year in constant currency,” he said.

On the acquisition front he said, the company has completed four acquisitions in the last 21-22 months and are still looking.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
India clears 110 requests for grant of import licenses for laptops, computers: Sources
India clears 110 requests for grant of import licenses for laptops, computers: Sources
Nov 1, 2023
The new license regime is applicable to laptops, personal computers (including tablet computers), microcomputers, large or mainframe computers, and certain data processing machines to ensure India's trusted supply chain.
Apple’s production in India set to increase fivefold to $40 billion over the next five years
Apple’s production in India set to increase fivefold to $40 billion over the next five years
Sep 24, 2023
Apple manufacturers iPhones in India and has plans to start manufacturing Airpods from next year. The officer said that Apple has no immediate plans to make iPads or its laptops in India.
India offers bigger digital growth opportunity, says Mastercard's CEO
India offers bigger digital growth opportunity, says Mastercard's CEO
Aug 26, 2023
India's digital transformation journey, as discussed at the B20 Summit 2023, is a testament to the nation's dedication to innovation and its potential to shape the global digital landscape. The collaborative efforts of the public and private sectors, coupled with the empowerment of women entrepreneurs, make India a dynamic force in the digital world. Companies like Mastercard continue to play a vital role in driving this transformation, ensuring that India's digital journey remains an inspiring success story for the world to emulate.
Digital Competition Law panel's term extended till October 31: Regulator
Digital Competition Law panel's term extended till October 31: Regulator
Oct 10, 2023
Competition Commission of India (CCI) Chairperson Ravneet Kaur also said the watchdog is keeping a close eye on Big Tech, global players, and gatekeeper platforms; and that changes in deal value thresholds are coming soon.
Copyright 2023-2026 - www.financetom.com All Rights Reserved