Pune, India, November 2, 2026 / PRNewswire / -- Zensar Technologies, a leading company in experience, engineering, and interactive solutions, announced its consolidated financial results for the second quarter of the 2026-2027 fiscal year, as of September 30, 2026.
Financial Highlights:
At Q2FY27, the company's revenue was 166.2 million US dollars, which represents a quarter-on-quarter increase of 4.1% when calculated using a fixed exchange rate. When measured in Indian rupees, this performance indicates a quarter-on-quarter growth of 5.1% and a year-on-year growth of 11.5%.
At Q2FY27, the company EBITDA accounted for 15.8% of revenue, an increase of 120 basis points from the previous quarter.
In the U.S. region, revenue increased by 4.5% quarter-on-quarter and by 2.5% year-on-year at a fixed exchange rate.
In the European region, revenue increased by 1.3% month-on-month at a fixed exchange rate and by 0.3% year-on-year on a quarterly basis.
In the African region, revenue increased by 6.7% quarter-on-quarter and by 2.2% year-on-year when calculated at a fixed exchange rate.
Income from banking and financial services business increased by 7.1% quarter-on-quarter and 17.1% year-on-year at a fixed exchange rate.
Revenue from healthcare and life sciences business increased by 2.4% quarter-on-quarter at a fixed exchange rate, but decreased by 9.9% year-on-year on a quarterly basis.
Revenues from manufacturing and consumer services business increased by 2.9% quarter-on-quarter at a fixed exchange rate, and decreased by 0.1% year-on-year on a quarterly basis.
Revenues from telecommunications, media, and technology services decreased by 2.2% month-on-month and by 21.6% year-on-year on a quarterly basis, calculated at a fixed exchange rate.
Zensar Chief Executive Officer and Managing Director, Manish Tandon, stated: "Our continuous investment in strategic priorities is beginning to yield tangible results. Q2FY27 achieved a strong and broad 4.1% growth when calculated at a fixed exchange rate, which is attributed to the healthy growth in business volume in our key regions. Moreover, the improvement in EBITDA profit margins highlights our execution capability and operational discipline."
On the basis of the continuous advancement of the ZenseAI suite, we are moving from the value validation phase to large-scale adoption by multiple customers. Transactions affected by AI currently account for 36% of the Q2FY27 order book, indicating that customers' confidence in our AI driving capabilities is continuously growing. We will continue to strive for sustainable and profitable growth, creating long-term value for customers and shareholders, while also continuing to invest in the capabilities that will shape our future.
Zensar Chief Financial Officer Pulkit Bhandari stated in commenting on Q2FY27 performance: "This quarter, we saw revenue growth in all regions. The EBITDA rate was 15.8%, an increase of 120 basis points from the previous quarter. We continue to maintain a strong balance sheet, which allows us to pursue strategic investments and seize emerging technological trends."
The current demand environment is mainly supported by continuous investment in AI and digital modernization. This has led to constantly changing talent requirements, as well as an increasingly complex cybersecurity landscape. We believe that the next stage of growth will be favorable for those organizations that can successfully embrace new trends, combine AI capabilities with industry expertise, and deliver securely on a scaled-up basis.
Important winning bid for Q2FY27:
- Modernize a leading enterprise software provider's unified cloud-native customer portal with a AI native product, integrating legacy systems.
- Leveraging AI to drive procurement and supply chain transformation for a leading global mining company, deploying intelligent automation to enhance efficiency and decision-making capabilities.
- Providing a leading global wealth management company with Agentic AI workflows and operational intelligence for change and release management transformation, to accelerate decision-making.
- Deploying proprietary ZenseAI.Guidewire, automating impact analysis and CI / CD workflows, to enhance delivery efficiency for a leading insurance company.
- Developed a travel planning platform driven by the AI through a dedicated AI POD, to accelerate innovation in travel experiences for a leading tourism technology provider.
Awards and Recognition for Q2FY27:
I. Analyst Recognition
- Zensar was rated as Major Contender and Star Performer in the Everest Group 2026 Life Insurance and Annuities (L&A) Insurance IT Services PEAK Matrix ® assessment.
- Zensar was rated Major Contender in the PEAK Matrix ® assessment of quality engineering ( QE ) services for AI applications and systems in 2026 by Everest Group.
- Zensar was rated as Major Contender in the Everest Group 2026 Cybersecurity Services PEAK Matrix ® assessment.
- Zensar was rated as Aspirant in the Everest Group 2026 pharmaceutical R&D IT services PEAK Matrix ® assessment.
- Zensar was rated as Aspirant in the Everest Group 2026 Retail Digital Services PEAK Matrix ® assessment.
II. Industry Awards
- Zensar won the “AI Annual Award for Digital Transformation Service Companies” at GCC Leadership Conclave 2026.
- The company won the "Best Learning Strategy" category award in Brandon Hall Excellence Award thanks to its AI-First transformation project aimed at leaders of BFSI.
- Zensar was selected as one of the most inclusive workplaces in India in the 2026 Workplace Excellence Study published by Avtar and Seramount. The specific categories include: Best Female Employers in India for 2026 ( BCWI ) and Inclusive Champions for 2026 under the Most Inclusive Companies Index ( MICI ).
Regarding Zensar ( www.zensar.com )
The company conceives, builds, and manages digital products for over 180 global clients through experience design, data engineering, and advanced analytics. Its solutions leverage industry-leading platforms to help clients maintain competitiveness, agility, and the ability to innovate amidst rapid changes. Headquartered in Pune, India, Zensar employs more than 12,000 people across over 30 locations, including San Jose, Seattle, Princeton, Cape Town, London, Columbia, and Mexico City.
Follow Zensar:
Twitter : https :// twitter.com / Zensar
LinkedIn : https :// www.linkedin.com / company / zensar-technologies
Facebook : https :// www.facebook.com / ZensarTech /
Visit the company's updated website: www.zensar.com
Regarding RPG Enterprises ( www.rpggroup.com )
RPG Enterprises was established in 1979 and is one of the fastest-growing business groups in India, with a turnover of 5.2 billion US dollars. The group has a diversified business scope, covering infrastructure, tires, pharmaceuticals, IT, and special services, as well as emerging innovation-driven technology businesses.
Safe Harbor Statement
Certain statements in this press release regarding the company's future prospects are forward-looking statements that involve various identified and unidentified risks and uncertainties, which may result in significant differences between actual results and expectations. This press release, as well as other written and oral statements regularly issued by the company, contain forward-looking statements that are based on management's plans and assumptions about expected outcomes. However, these statements are subject to a variety of risks and uncertainties, including but not limited to the company's ability to manage growth; fluctuations in earnings/exchange rates; fierce competition in the IT service sector, including factors affecting cost advantages; rising wages; the ability to attract and retain highly skilled professionals; overruns in time and costs under fixed-price, fixed-term, or other types of contracts; customer concentration; immigration restrictions; the company's ability to manage international operations; a decline in demand for technical services; disruptions to telecommunications networks; the company's ability to successfully complete and integrate acquisitions; liability for damages under service contracts; government measures in India and the countries of its customers; cancellation of government fiscal incentives; economic downturns in India and/or globally; political instability; legal restrictions on raising funds or acquiring companies; and unauthorized use of intellectual property and general economic conditions affecting the industry.
In addition, a global pandemic like COVID-19 may pose unforeseen, unprecedented, and难以 accurately assessable risks that continue to evolve for companies, customers, delivery models, suppliers, partners, employees, and overall global operations. It may also affect the enterprises in which the company makes strategic investments, the demand for the company's products, as well as the success of onshore-offshore-nearshore delivery models.
These assumptions, based on available internal and external information, form the basis for determining the carrying amounts of certain assets and liabilities. Since the factors that underlie these assumptions may change over time, the estimates made based on them will also change accordingly. These forward-looking statements represent only the company's current intentions, beliefs, or expectations, and are valid only as of the date they are made. The company assumes no obligation to revise or update any forward-looking statements due to new information, future events, or other reasons.
