Sonata Software –announces growth in international services revenue YoY of 18%, and growth of 16% consolidated profits YoY

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said:

“The continued growth in revenues and profits have been the result of our focus of being a digital transformation partner through our unique proprietary Platformation methodology and  our strategy of IP led differentiation , focus on verticals like Retail, Distribution, CPG, ISVS and new technologies .    

The acquisitions we made last quarter, Sopris and Scalable are showing promise and we believe will strengthen our alliance story.”

Performance Highlights for the quarter:                                                                                                                            

Consolidated:

  • Revenues at Rs. 874.6 Crores : growth of 5% QoQ;

  • EBIDTA at Rs. 106.4 Crores : growth of 10% QoQ;

  • PAT at Rs. 67.1 Crores : growth of 3% QoQ;

  • Cash and equivalents of approximately Rs. 398 Crores (net of borrowings).

International IT Services:

  • Revenues at Rs. 304.5 crores;

  • EBIDTA at Rs. 84.4 Crores : growth of 11% QoQ;

  • PATat Rs. 53.4 Crores : growth of 2% QoQ;

  • Addition of 7 new customers.

Domestic Products & Services :

  • Revenues at Rs. 574.1 crores : growth of 7% QoQ;

  • EBIDTA at Rs. 22.4 Crores : growth of 5% QoQ;

  • PAT at Rs. 13.7 Crores : growth of 6% QoQ;

Filed in: News

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