In rupee terms, revenue rose 3% to Rs 1602 crore. However, operating margins contracted 87 basis points sequentially and net income fell 1.3% to Rs 232.6 crore.
The company's total revenue rose to $3.45 billion in the third quarter ended Sept. 30 from $3.19 billion a year earlier.
In a filing with the US SEC, Cognizant said its investigation had identified a total of about $5.0 million in payments that may have been improper.
At the end of second quarter, digital contributed to about 28% of Zensar's revenue and the company had even then expected to exceed targets.
Companies like Infosys and Wipro have been declaring the number of people who have been redeployed to other projects as their current jobs have been automated.
Stockmann said that 33 of its current employees are expected to transfer to Tech Mahindra on 1 January 2017 under a business transfer agreement.
The acquisition of Foolproof will add to the company’s earnings per share, Zensar said in a presentation filed with the Bombay Stock Exchange.
"The emerging business at Minacs was about a third of the total business. We plan to triple this in the next three years," Caldwell said.
In October, the senior advisor to the American Chamber of Commerce in the Philippines told media that several trade missions and BPO investment plans in the country had been cancelled.
Minacs had $400 mn in revenue when Concentrix acquired the company, implying $130 mn was brought in by the higher value analytics piece.
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