Sonata Software, a global technology solutions company, today reported its unaudited financial results for its 1st quarter ended June 30, 2018.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said: “Keeping up the momentum that the strategy of implementing our proprietary Platformation™ methodology for digital transformation has brought about in terms of growth we are pleased with the progress that we have made in the first quarter of this year. As we continue with sustained efforts on our journey of digital transformation, we have been able of acquire new customers and strengthen our relations with our partners and clients alike. We believe that our continued Platformation focus and Building of new technology capabilities like RPA, AI ,ML, IOT, Block Chain, Cyber Security and our core digital platforms like Brick and Click Retail, Rezopia Travel, Modern Distribution, Halosys Mobility and Kartopia Ecommerce coupled with the Design Thinking approach, will continue to differentiate us in the market.”
Performance Highlights for the quarter: 1.Consolidated:
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Revenues at 688 Crores : growth of 10% QoQ;
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EBIDTA at Rs. 83 Crores : growth of 10% QoQ;
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PAT at Rs. 58 Crores : growth of 5% QoQ;
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Cash and equivalents of approximately Rs. 522 Crores (net of borrowings).
2.International IT Services:
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Revenues at Rs. 257 crores : growth of 6% QoQ;
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EBIDTA at Rs. 67 Crores : growth of 12% QoQ;
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PAT at Rs. 47 Crores : growth of 5% QoQ;
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Addition of 8 new customers.
3.Domestic Products & Services :
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Revenues at Rs. 437 crores : growth of 12% QoQ;
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EBIDTA at 17 Crores : growth of 6% QoQ;
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PAT at Rs. 10 Crores : growth of 7% QoQ;
