Zensar reported Q3FY26 revenue of $160.5 million, up 2.2% YoY but down 1.4% QoQ in reported currency.

The company delivered strong margin performance, with Gross Margin at 33.7% (+270 bps QoQ) and EBITDA at 17.4% (+200 bps QoQ). Banking & Financial Services saw robust 12.2% YoY growth.

Strategically, Zensar is focusing on becoming an AI-native technology services provider, with nearly 20% of its orderbook now AI-influenced.

They're making strategic investments across the entire AI stack, and AI-powered cost optimization is a key focus amidst uncertain demand.

Recent wins include developing Agentic AI solutions for a US cybersecurity firm, driving productivity with AI for a European motoring association, and providing Enterprise AI Readiness Consulting for an aviation client.

Key financial metrics show the orderbook grew 13.6% QoQ to $180.2 million.

Zensar achieved its highest-ever cash position with net cash and cash equivalents of $322.4 million and improved DSO to 71 days.

Attrition remained low at 9.5% LTM.

Management highlighted strong margin performance, a healthy order book, and financial resilience.

Despite seasonal softness and a challenging macro environment, business fundamentals remain strong, driven by the strategic shift towards AI.