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Q1 Results Release from Bangalore based Sonata Software

Sonata Software – Consolidated Q1 FY15Revenues at `417 Crores and PAT of `32Crores. Grows 36% YoY in International services revenues and 121% in YoY Consolidated PAT.

sonata softwareBangalore, Aug 11, 2014              

Sonata Software, an IT consulting and software services provider, today reported its unaudited financial results for its 1stquarter ended June 30, 2014.

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said “We are happy to report another quarter of significant financial growth. More importantly, it reflects the fundamental strength of our strategy in terms of technologies, verticals and marketing which offer a differentiated value proposition for our customers. We are continuing to invest on all important aspects of our business and believe that they will lead to continued future growth.”





Highlights for the quarter:            

•             Consolidated results:

             Revenues at `417 Crores -growth of 22% QoQ and 1% YoY;

             EBITDA at `44 Crores – growth of 26%QoQand 86% YoY;

             PAT is at `32 Crores- growth of 36%QoQ and 121% YoY;

             Cash reserves (net of borrowings) is`247Crores.


•             International IT Services:

             Highest ever Revenues & PAT

             Revenue at `140 Crores – growth of 4%QoQ and 36% YoY;

             EBITDA of `35Crores- growth of 31%QoQ and 190% YoY;

             PAT of `26 Crores- growth of 43%QoQ and 219% YoY;

             7 new customers added.


•             Domestic Products& Services :

             Revenue of `284 Crores – growth of 37% QoQ;

             EBITDAof `9 Crores- growth of 9% QoQ;

             PATof `6Crores- growth of 13%QoQ.

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