Bangalore, August 10, 2019: 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;
Corporate Comm India(CCI Newswire)
