Zensar Technologies Reports Q1FY27 Revenue of $159.5 Million

The company’s performance was defined by a sharp divide between its primary growth engine and other segments. Banking and Financial Services surged, recording 8.3% sequential growth, while areas such as Telecommunication, Media and Technology saw a 9.1% decline. Profit after tax settled at 12.2% of revenue, representing a 220-basis-point drop compared to the previous quarter. CFO Pulkit Bhandari attributed this compression to the costs associated with transitioning and executing large-scale deals.

CEO Manish Tandon highlighted that the firm is prioritizing AI-native solutions to navigate current market headwinds. This strategy is reflected in recent contract wins, which include cloud-native grants modernization for a major US insurer and AI-powered audit platforms for supply chain providers. With $317.5 million in net cash and cash equivalents, Zensar intends to maintain its balance sheet strength while focusing on large-deal competitiveness. The company also saw external validation during the quarter, securing a leadership position in the Everest Group Guidewire Services PEAK Matrix and ranking first in the IT services category of India's 'Best Companies to Work For 2026'.