by Sachin Murdeshwar
Mumbai : Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 2ndquarter and six months ended 30thSeptember, 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. We continue to see increased momentum in the market with addition of new marquee clients and strong pipeline.
The acquisitions we made i.e. Sopris and Scalable are showing promise and with the commodity industry and services industry capabilities.”
Performance Highlights for the quarter:
· Consolidated:
Ø Revenues at Rs 703 Crores ;
Ø EBITDA at Rs 111 Crores : growth of 5% QoQ;
Ø PAT at Rs 72 Crores : growth of 8% QoQ;
Ø Cash and cash equivalents Rs 280 Crores .
· International IT Services:
Ø Revenues at Rs 313 Crores; growth of 3% QoQ;
Ø EBITDA at Rs 90 Crores : growth of 6% QoQ;
Ø PAT at Rs 56 Crores : growth of 5% QoQ;
Ø Addition of 7 new customers.
· Domestic Products & Services :
Ø Revenues at Rs 399 Crores;
Ø EBITDA at Rs 23 Crores;
Ø PAT at Rs 16 Crores : growth of 18% QoQ.