Bangalore, May 30, 2019: Sonata Software, a global IT services and technology solutions company, today reported its audited financial results for its 4thquarter and year ended 31stMarch 2019.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said:
“We have been able to post a robust YoY 21% topline and 29% PAT growth as we remain focused on our long-term goal to be digital transformation partners of choice for our customers while we deliver world-class services through our unique Platformation™ methodology. In line with our above strategy and ensuring we monetise the strong growth in the Microsoft technology-led digital transformation opportunity, we made significant investments inorganically by the acquisition of Scalable Data Systems in Australia and Sopris Systems in US. We also made a strategic investments in real time retail data platform Retail 10X that will enhance our retail and consumer goods platform story.
We continued to make significant investments in new technologies like RPA, AI, ML, and Platform Engineering for the Cloud, that are aligned to our PlatformationTM concept of digital transformation, besides making investments in new talent globally, both organically and inorganically.
Over all we believe it has been a satisfying year qualitatively and quantitatively and has created a much stronger platform for growth.”
Performance Highlights for the quarter:
- Consolidated:
- Revenues at Rs.835.5 Crores;
- EBITDA at Rs.96.8 Crores : growth of 2% QoQ;
- PAT at Rs. 65.4 Crores : growth of 2% QoQ;
- Cash and equivalents of approximately Rs. 321 Crores (net of borrowings).
- International IT Services:
- Revenues at Rs. 304.1 crores;
- EBITDA at Rs. 75.8 Crores ;
- PAT at Rs. 52.5 Crores;
- Addition of 3 new customers.
- Domestic Products & Services :
- Revenues at 536.6 crores;
- EBITDA at Rs. 21.2 Crores : growth of 9% QoQ;
- PAT at Rs. 12.9 Crores : growth of 7% QoQ;
Corporate Comm India(CCI Newswire)
