Bangalore, February 09, 2018:Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 3rd quarter ended 31st December 2017.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said :
“Strong top line and bottom line performance continued in the quarter. Apart from the strong growth, this quarter has seen us acquire new marquee clients and strengthen our presence as a strategic digital transformation partner with our existing clients. Our theme of Platformation ™, that is Sonatas’ proprietary methodology of building digital businesses by creating digital platforms using Sonatas’ platforms has gained wider acceptance with our clients and partners.”
Performance Highlights for the quarter:
- Consolidated:
- Revenues at Rs 766 Crores : growth of 80% QoQ;EBITDA at Rs 72 Crores : growth of 8% QoQ;
- PAT at Rs 49 Crores : growth of 9% QoQ;
- Cash and equivalents of approximately Rs 394 Crores (net of borrowings).
- International IT Services:
- Revenues at Rs 241 crores; growth of 3% QoQ;
- EBITDA at Rs 57 Crores : growth of 8% QoQ;
- PAT at Rs 40 Crores : growth of 9% QoQ;
- Addition of 4 new customers.
- Domestic Products& Services :
- Revenues at Rs 530 crores : growth of 166% QoQ;
- EBITDA at Rs 15 Crores : growth of 10% QoQ;
- PAT at Rs 9 Crores : growth of 10% QoQ;
Corporate Comm India(CCI Newswire)
