By Sachin Murdeshwar
Mumbai: Sonata Software, a global ITservices and technology solutions company, today reported its unaudited financial results for its 2nd quarter and six months ended 30thSeptember, 2018.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said, “Our strategy of implementing proprietary Platformation™ methodology for digital transformation has been a primary driver for the progress we have made in the financial year. We have been able to acquire new clients and strengthen our relations with our partners and clients alike. We believe that our continued Platformation™ focus and building and deploying new technologies like RPA, AI ,ML, IOT, Block Chain, Cyber Security, Microservices and focus on our core digital platforms like Brick and Click Retail, Rezopia Travel, Modern Distribution, Halosys Mobility and Kartopia Ecommerce will help us to differentiate in the digital transformation opportunity ”.
Performance Highlights for the quarter:
Consolidated:
Revenues at Rs 593 Crores : decline of 14% QoQ;
EBITDA at Rs 91 Crores : growth of 9% QoQ;
PAT at Rs 62 Crores : growth of 8% QoQ;
Cash and cash equivalents:Rs360 Crores .
International IT Services:
Revenues at Rs 275 crores; growth of 7% QoQ;
EBITDA at Rs 74 Crores : growth of 10% QoQ;
PAT at Rs 51 Crores : growth of 9% QoQ;
Addition of 11 new customers.
Domestic Products& Services :
Revenues at Rs 326 crores : decline of 25% QoQ;
EBITDA at Rs 18 Crores : growth of 6% QoQ;
PAT at Rs 11 Crores : growth of 6% QoQ;
