Three of the company's highest revenue generating business dragged during the September quarter, thereby hurting earnings.
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Zensar's revenue in US Dollar terms declined 0.6 percent compared to the June quarter, while net profit declined by a quarter. Constant Currency revenue growth of 1.6 percent was also lower than peers.
The management said that the company witnessed softness in the Hi-Tech, Manufacturing, and Consumer Services business due to a sluggish macroeconomic environment. The three businesses together contribute nearly 70 percent of the overall revenue.
On the positive, the company's deal wins increased nearly 14 percent from the June quarter to $141.8 million.
Shares of Zensar Technologies are down 1.5 percent at Rs 218.50. Shares are down nearly 60 percent this year.