Mumbai, October 20, 2008
Financial Chronicle
Global IT and BPO services provider, Zensar Technologies, is confident of attaining its revenue target of Rs 900-crore and profit after tax (PAT) of Rs 85-crore, a top company executive said.
"We have a guidance of Rs 85-crore PAT and Rs 900- crore revenue for this fiscal and will comfortably exceed it," Zensar Global CEO Ganesh Natarajan said.
Zensar, a RPG group company, has no need to change its growth plans despite the global economic slowdown, he said.
"We do not see any slowdown in our business.
Presently, there is no negative impact and all our growth plans are intact," Natarajan said.
The company was mulling acquisitions in Germany and Switzerland but was not in any hurry to seal any deals.
"We will wait for the right opportunity before closing in (on an acquisition),” Natarajan said.
"We are looking at acquisition of companies in Germany or Switzerland this fiscal but do not want to rush into any acquisition. We will wait till the fourth quarter as valuations (of potential target companies) are dropping," he said.
Zensar is also looking at acquisitions in the areas of SAP and infrastructure management in the near future, he said.
"We would look for some significant acquisitions in FY 10-11 in Europe or the US...The acquisitions would be in the SAP and infrastructure management spaces," the Zensar chief said.
Upbeat on the opportunities afforded by the infrastructure management segment, Zensar plans to triple its revenue from this segment over the next two years, Natarajan said.
The company's core segments, which comprise of manufacturing, media, retail, pharma and insurance were performing well, he said.
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