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Source: cision | Published on: Wednesday, 06 November 2024
MUMBAI, India, Nov. 6, 2024 -- Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, today reported its unaudited financial results for its Quarter ended September 30, 2024.
in ₹ Crores | |||||||||||||||||
Description | For the Quarter ended | For the half year ended | |||||||||||||||
30-Sep-24 | 30-Jun-24 | QoQ | 30-Sep-23 | YoY | 30-Sep-24 | 30-Sep-23 | YoY | ||||||||||
Revenues | |||||||||||||||||
International IT Services | 707.9 | 687.8 | 3 % | 670.0 | 6 % | 1,395.7 | 1,303.8 | 7 % | |||||||||
Domestic- Products & Services | 1,461.9 | 1,849.4 | -21 % | 1,244.0 | 18 % | 3,311.3 | 2,635.8 | 26 % | |||||||||
Consolidated | 2,169.8 | 2,527.4 | -14 % | 1,912.6 | 13 % | 4,697.2 | 3,928.1 | 20 % | |||||||||
EBITDA# | |||||||||||||||||
International IT Services | 128.9 | 128.8 | 0 % | 154.9 | -17 % | 257.7 | 288.3 | -11 % | |||||||||
Domestic- Products & Services | 48.4 | 47.3 | 2 % | 42.5 | 14 % | 95.7 | 87.3 | 10 % | |||||||||
Consolidated | 177.3 | 176.2 | 1 % | 197.3 | -10 % | 353.5 | 375.6 | -6 % | |||||||||
PAT | |||||||||||||||||
International IT Services | 62.2 | 65.1 | -5 % | 83.7 | -26 % | 127.3 | 163.6 | -22 % | |||||||||
Domestic- Products & Services | 44.3 | 40.5 | 10 % | 40.5 | 10 % | 84.8 | 80.7 | 5 % | |||||||||
Consolidated | 106.5 | 105.6 | 1 % | 124.2 | -14 % | 212.1 | 244.3 | -13 % | |||||||||
#EBITDA (before Other Income & Fx) | |||||||||||||||||
Speaking on the quarterly results, Mr. Samir Dhir, MD & CEO of the Company said, "In Q2'25, our International business delivered 2.3% QoQ growth. During the quarter, we won three large deals, our first multi-million-dollar deal on Microsoft Fabric, and a Gen AI modernization with a Top 50 global Pharma client leveraging our "responsible first" differentiated Harmoni.AI offering. We remain optimistic about our long-term vision and growth prospects of Sonata."
Speaking on the results, Mr. Sujit Mohanty, MD & CEO of Sonata Information Technology Limited said, "We acquired new clients across all hyperscalers and platform businesses during the quarter, driving diversified growth for our business. Our newly formed IT Security business offerings enabled wins during the quarter."
Performance Highlights for the Q2'25:
About Sonata Software
In today's market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers.
As a leading Modernization Engineering company, we aim to deliver modernization-driven hypergrowth for our clients based on the deep differentiation we have created in Modernization Engineering, powered by our Lightening suite and 16-step Platformation™ playbook. In addition, we bring agility and systems thinking to accelerate time to market for our clients.
Headquartered in Bengaluru, India, Sonata has a strong global presence, including key regions US, UK, Europe, APAC, and ANZ. We are a trusted partner of world-leading companies in BFSI (Banking, Financial Services and Insurance), HLS (Healthcare and Lifesciences), TMT (Telecom, Media, and Technology), Retail & CPG, and Manufacturing space. Our bouquet of Modernization Engineering Services cuts across Cloud, Data, Dynamics, Contact Centers, and around newer technologies like Generative AI, MS Fabric, and other modernization platforms.
For more information, please visit https://www.sonata-software.com/
Logo: https://mma.prnewswire.com/media/689012/4362526/Sonata_Software_Logo.jpg
