MUMBAI, 30 OCTOBER, 2019 (GPN):  Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 2^ndquarter and six months ended 30^thSeptember, 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.

About Sonata Software

Sonata is a global technology company, that enables successful platform based digital transformation initiatives for enterprises, to create businesses that are connected, open, intelligent and scalable. Sonata’s Platformation™ methodology brings together industry expertise, platform technology excellence, design thinking-led innovation and strategic engagement models to deliver sustained long term value to customers. A trusted partner of world leaders in the Retail, Manufacturing & Distribution, Travel and Software industries, Sonata’s solution portfolio includes its own digital platform such as Brick & Click Retail Platform©, Modern Distribution Platform©, Rezopia Digital Travel Platform©, RAPID DevOps Platform©, Kartopia E-commerce Platform© , Halosys Mobility Platform©, and Commodity CTRM Platform©, best-in-class capabilities on ISV digital technology platforms such as Microsoft Dynamics 365, Microsoft Azure, SAP Hybris, Cloud Engineering and Managed Services, as well as new digital applications like IoT, Artificial Intelligence, Machine Learning, Robotic Process Automation, Chatbots, Block Chain and Cyber Security. Sonata’s people and systems are nurtured to bring together the depth of thought leadership, customer commitment and execution excellence to make a difference to business with technology.