Sonata Software - Consolidated Q3 FY17

 Sonata Software - Consolidated Q3 FY17

International Services Revenues at Rs 206 Crores growth of 14% YoY

Mumbai,February 03, 2017    

Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 3rdquarter ended 31st December, 2016.

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said -

“Revenues continued to grow driven by growth in existing clients and acquisition of new clients. It is a reflection of our strategy forward on key vertical offerings and digital platformation strategy based on IP and differentiated services. “

 Sonata Software - Consolidated Q3 FY17

Performance Highlights for the quarter:        


•Revenues at Rs 613 Crores: growth of 17% QoQ;

•EBIDTA at Rs 62 Crores: growth of 5% QoQ;

•PAT at Rs 39 Crores : growth of 2% QoQ;
•Cash and equivalents of approximately Rs 198 Crores (net of borrowings).

•International IT Services:

•Revenues at Rs 206 crores : decline of 1% QoQ;

•EBIDTA at Rs 48 Crores: growth of 6% QoQ;

•PAT at Rs 30 Crores : growth of 3% QoQ;

•Domestic Products& Services :

•Revenues at Rs 416 crores: growth of 31% QoQ:

•EBIDTA at Rs 15 Crores: growth of 5% QoQ:

•PAT at Rs 8 Crores;

About Sonata Software

Sonata Software is a global IT solutions firm focused on catalysing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers strategic technology solutions for Travel, Retail & Distribution and Software Product companies to drive enhanced customer engagement, operations efficiency and return on IT investments. Sonata brings its own proprietary platforms, products and services in digital technology areas such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP to enable speed and reliability of IT led innovation. A trusted long-term service provider to Fortune 500 companies across both the software product development and enterprise business segments, Sonata seeks to add differentiated value to leadership to those who want to make an impact on their businesses, with IT.