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Sonata Software – Consolidated Q1 FY16 Revenues At Rs 479 Crores And PAT At Rs 38 Crores, 19% Growth YoY

Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 1stquarter ended June30, 2015.

Sonata

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said “our sustained commitment in new digital transformation technologies and focus on improving business performance of our customers continue to help us in differentiating ourselves in our key verticals. We will continue to invest significantly in platforms as we become an ip led services company”.

Performance Highlights for the quarter:
• Consolidated:

 Revenues at Rs 479 Crores : growth of 22% QoQ and 15% YoY;
 EBIDTA at Rs 56 Crores : growth of 11% QoQ and 26% YoY;
 PAT at Rs 38 Crores : growth of 10% QoQ and 19% YoY;
 Cash and equivalents of approximately Rs 220 Crores.

• International IT Services:

 Revenues at Rs 166 crores : growth of 2% QoQ and 19% YoY;
 EBIDTA at Rs 42 Crores : growth of 8% QoQ and 19% YoY;
 PAT at Rs 30 Crores : growth of 7% QoQ and 13% YoY;
 Addition of 2 new customers.

• Domestic Products & Services :

 Revenues at Rs 319 crores : growth of 36% QoQ and 13% YoY;
 EBIDTA at Rs 14 Crores : growth of 24% QoQ and 63% YoY;
 PAT at Rs 8 Crores : growth of 19% QoQ and 47% YoY;

• Consolidated:

 Revenues at Rs 479 Crores : growth of 22% QoQ and 15% YoY;
 EBIDTA at Rs 56 Crores : growth of 11% QoQ and 26% YoY;
 PAT at Rs 38 Crores : growth of 10% QoQ and 19% YoY;
 Cash and equivalents of approximately Rs 220 Crores.

• International IT Services:

 Revenues at Rs 166 crores : growth of 2% QoQ and 19% YoY;
 EBIDTA at Rs 42 Crores : growth of 8% QoQ and 19% YoY;
 PAT at Rs 30 Crores : growth of 7% QoQ and 13% YoY;
 Addition of 2 new customers.

• Domestic Products & Services :

 Revenues at Rs 319 crores : growth of 36% QoQ and 13% YoY;
 EBIDTA at Rs 14 Crores : growth of 24% QoQ and 63% YoY;
 PAT at Rs 8 Crores : growth of 19% QoQ and 47% YoY;

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