Expect retail to be a fast growing vertical for co: Zensar

Zensar Technologies has signed a multi-million dollar deal with a leading UK-based high street retailer. The new engagement involves a managed services portfolio consolidation.

This is part of our overall theme of transforming the core business.

Ganesh Natrajan

Vice CMD

Zensar Tech

Software solutions firm Zensar Technologies  has signed a multi-million dollar deal with a leading UK-based high street retailer. Zensar has been managing multiple systems for the retailer for 7 years and the new engagement involves a managed services portfolio consolidation.

In an interview to CNBC-TV18, Ganesh Natarajan, Vice-Chairman & MD, Zensar Technologies, discusses the details of the deal and the company's plans ahead.

Below is the transcript of Ganesh Natarajan's interview with Nigel D'Souza and Reema Tendulkar on CNBC-TV18.

Nigel: I believe that you already had collaboration going so what exactly is this incremental inflow that is coming in?

A: What is happening today is that we are trying to make many of our manufacturing and retail customers work with us on the long-term which we call managed services, managing a whole bunch of applications, doing offshore work for them and also taking them into the digital space; digital transformation, e-commerce, etc. I think this is one big contract in that area and apart from this we have many more that we are chasing for the new acquisition we have done which will get us firmly into the retail. So, this is part of that overall theme of transforming to core business.

Zensar Tech stock price

On October 09, 2014, at 14:30 hrs Zensar Technologies was quoting at Rs 634.00, up Rs 9.15, or 1.46 percent. The 52-week high of the share was Rs 685.00 and the 52-week low was Rs 243.00.

The company's trailing 12-month (TTM) EPS was at Rs 40.24 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 15.76. The latest book value of the company is Rs 139.55 per share. At current value, the price-to-book value of the company is 4.54.

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