President of India unveils Plaque in front of Raj-era Twin Cannons, Guest House for President - PM inaugurated - Lakmé Fashion Week’s Circular Changemakers announces six shortlisted start-ups, these start-ups will pitch their sustainable business models to an investor jury on Sustainable Fashion Day - Union Bank of India Announces Q1FY 20 Results ​Net Profit for April-June 2019 rose 73.1 per cent to `225 crore - Global solar EPC major Sterling and Wilson Solar’s Rs 3,125 cr IPO opens on August 6th, Price band fixed at Rs 775-Rs 780 - OYO Hotels & Homes launches Partner Privilege Program for asset owners across India - Rohit Gandhi and Rahul Khanna in association with NEXA are set to showcase at Lakmé Fashion Week Winter/Festive 2019 - Sandip Soparrkar conferred with an honorary doctorate in Fine Arts - Mahurat of Siddhant Issar debut Crime Thriller Hindi film Last Deal with cast and celebs - Union Bank of India conducts the Consultative Meet & Ideation Process of Branches & Regional Level with Branches in Mumbai - THE CURTAIN RAISER OF LAKME FASHON WEEK (LFW) 2019 - MVIRDC WTC Mumbai donates to Chief Minister Relief Fund - Over 500 challengers and 2000 supporters ran on 73rd Independence Day on August 15, 2019 to spread the message of “Run Over Cancer” & “Wellness over Illness” at 'The Mumbai Ultra - 12 Hour Run' on August 15, 2019. - Man-Made Fibre Industry contributes 2% to India’s GDP employs 18 million people directly and more than 20 million people indirectly

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

MUMBAI, August 07, 2019 (GNI): Sonata Software, a global technology solutions company, today reported its unaudited financial results for its first quarter ended June 30, 2019.

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;

About Sonata Software is a global IT solutions firm focused on catalysing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers strategic technology solutions for Travel, Retail & Distribution and Software Product companies to drive enhanced customer engagement, operations efficiency and return on IT investments. Sonata brings its own proprietary platforms, products and services in digital technology areas such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP to enable speed and reliability of IT led innovation. A trusted long-term service provider to Fortune 500 companies across both the software product development and enterprise business segments, Sonata seeks to add differentiated value to leadership to those who want to make an impact on their businesses, with IT.ends

Be the first to comment on "Sonata Software –announces growth in international services revenue YoY of 18%, and growth of 16% consolidated profits YoY"

Leave a comment

Your email address will not be published.