New Delhi, May 22, 2018: Sonata Software, a global IT services and technology solutions company, today reported its audited financial results for its 4thquarter ended 31stMarch, 2018.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said:
“We are extremely satisfied with the progress we have made in the financial year. The results are a reflection that the strategy we are executing of being a digital transformation partner to our clients and implementing our proprietary Platformation™ model of digitising business by creating open scalable networked and intelligent digital platforms has obtained a solid endorsement from our clients and partners. We continue to build new technology capabilities in the area of RPA, AIML, IOT, Block Chain and Cyber Security and invest in our core digital platforms Brick and Click Retail, Rezopia Travel, Modern Distribution, Halosys Mobility and Kartopia Ecommerce.”
Performance Highlights for the quarter:
- Consolidated:
- Revenues at Rs 625.8Crores;
- EBITDA at Rs 75.4 Crores : growth of 5% QoQ;
- PAT at Rs 54.8 Crores : growth of 11% QoQ;
- Cash and equivalents of approximately Rs 509 Crores (net of borrowings).
- International IT Services:
- Revenues at Rs 241.8 crores;
- EBITDA at Rs 59.8 Crores : growth of 5% QoQ;
- PAT at Rs 45.1 Crores : growth of 12% QoQ;
- Addition of 12 new customers.
- Domestic Products& Services :
- Revenues at Rs 388.7 crores;
- EBITDA at Rs 15.8 Crores : growth of 2% QoQ;
- PAT at Rs 9.7 Crores : growth of 6% QoQ;
Corporate Comm India(CCI Newswire)
