Mumbai, August 5, 2015
Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 1stquarter ended June30, 2015.
(in Rs Crores)
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:
- 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;
About Sonata Software
Sonata Software is a global IT services firm focused on catalysing transformational IT initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers innovative new solutions for Travel, Retail & Consumer Goods and Software Product Companies by integrating technologies such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP, to drive enhanced customer engagement, operations efficiency and return on IT investments. 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 who want to make an impact on their businesses, with IT.
For further information, please contact:
Anuj Kumar Saxena
Sonata Software Limited
A.P.S. Trust Building,
Bull Temple Road, N.R. Colony
Bangalore 560019, India
Tel: +91 80 67781999