Zenith Infotech Ltd. Launches New Service According to BAC Company Report15 May 2012 • by Natalie Aster
LONDON – Recently Zenith Infotech announced launch of a new service – Technology Affiliates Network which is basically a showcase for publishers promoting their products. Technology service providers, IT vendors, hardware resellers and bloggers on technical topics from USA, Canada and Mexico are target market for this new Network.
Technology Affiliates Network offers various benefits:
- generous commissions, and ability to earn additional commission;
- technical support and account management;
- real-time tracking and reporting online;
- a wide marketing library.
This new service is planned to reach a wider global audience in future, pulling profit margins higher.
Zenith financial performance is uneven, and that obstructs any solid forecast. Thus, after a strong September 2011 closing the financial year, first quarter of FY 2012 ended up very unsatisfying: revenue of INR 467.7 M, gross profit of INR 362.5 M, operating income of INR 1.8 M, net income of INR 0.8 M. This quarter has led a weak stark for a new financial year, which is planned to fortify the success of 2011. Last year brought revenue of INR 5.5 B (up 75.4% YoY), gross profit of INR 3.8 B (up 47%), operating income of INR 515.3 M (up >500%), and net income of INR 167.9 M (up 330.5%). The results look impressive against 2010, but if compare to 2009, the picture changes. On a two-year basis revenue and gross profit increase by 145.9% and 85.5% respectively, but operating income and net income decline by 7.6% and 66.2% respectively. Zenith is still to recover from the crisis of 2008.
Founded in 1996 and headquartered in Mumbai (India), Zenith Infotech is a cloud computing services provider operating in many world countries. Subsidiary companies in Singapore, USA and Australia help Zenith widen its reach. Clientele includes such famous brands as CitiBank, Compaq, Deutsche Bank, Fujitsu, Hitachi, Motorola, Phillips, SONY, Seagate. The company is public and trades on National Stock Exchange of India under the ticker ZNI.
Other information on the company’s news, activities, financials, business possibilities and experts’ forecasts can be found in the report "Zenith Infotech Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Zenith Infotech Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Apr, 2012
More company reports featuring SWOT and financial information, industry and competitors analysis can be found in Company Reports Catalog.
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