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

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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)