Sonata Software consolidated year growth of 23%

31st May 2013 | By Mouseworld Now Correspondent |

New Delhi, India, May 31, 2013: Sonata Software, an IT consulting and software services provider, today reported its audited financial results for the year ended March 31, 2013.

Highlights for the Year and quarter for continuing operations: 

  • Annual Revenues at ` 1,311 Crores showing a YoY growth of 23% for the year and 27% for the quarter.
  • EBIDTA at `59.49 Crores showing a YoY growth of 71% for the year.
  • PAT before exceptional items is at `30 Crores a YoY growth of 183% for the year.
  • Cash reserves (net of borrowings) of `140 Crores.

International IT Services:

  • Revenue growth YoY of 21% for the year and 32% for the quarter.
  • EBITDA of ` 43.20 crores showing a YoY growth of 15% for the year.
  • PAT of ` 20.56. On a YoY basis growth was flat at 1%.

The Company delivered on its focus for the year – “Stability and Growth”. Efforts during the year largely revolved around investments in existing customers and building on the Company’s existing verticals and strengths. Further, even while executing the turnaround to ensure future growth, the Company invested in areas of new technology such as Mobility, Analytics, Cloud and Social media. Existing partnerships and alliance with large technology majors like Microsoft, Oracle and SAP were strengthened and new alliances made with leaders like TIBCO (for enterprise social media), hybris (e-commerce), etc.

Srikar Reddy, Managing Director & CEO of Sonata Software, said “We are pleased with the progress we have made in the last financial year. This has been the result of a committed team focused on delivering excellence. We will continue to stay razor sharp focused on this aspect and by investing in verticals of choice and technologies like, Social, Cloud, Big Data and Analytics, and Mobile.

 

© Mouseworld Now News Service

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