Sonata Software – Consolidated Q3 FY15 Revenues At Rs 522 Crores And PAT Of Rs 40 Crores, YoY Growth Of 12% And 13% Respectively
Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its3rdquarter and Nine months ended December 31, 2015.
The above results for the period ended December 31, 2015 includes results of the recently acquired company:
IBIS Inc., a Georgia Company, USA from the date of acquisition – November 18, 2015.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said last quarter was significant with our acquisition of Ibis Inc.,Atlanta based Microsoft Dynamics Ax partner with industry leading IP – for distributors. This is aligned to our strategy of becoming a digital transformation partner for our clients in the retail, travel, distribution and ISV space, through unique domain led products and platforms and combined with digital services in mobility, cloud, analytics and omni channel commerce.
Highlight for Q3
Revenues at Rs 522 Crores – growth of 12% YoY;
EBIDTA at Rs 63 Crores – growth of 21% YoY;
PAT is at Rs 40 Crores – growth of 13% YoY;
Cash reserves (net of borrowings) is Rs 258 Crores.
International IT Services:
Revenue at Rs 181 Crores – growth of 16% YoY;
EBITDA of Rs 49 Crores – growth of 19% YoY;
PAT of Rs 32 Crores – growth of 9% YoY;
Addition of 6 new customers during the quarter.
Domestic Products & Services:
Revenue of Rs 344 Crores – growth of 9% YoY;
EBITDA of Rs 15 Crores – growth of 30% YoY;
PAT of Rs 9 Crores – growth of 26% YoY.