Sonata Software today reported its unaudited financial results for its 2nd quarter and six months ended 30thSeptember, 2020.
Speaking on the results Srikar Reddy, Managing Director & CEO of the Company said: “These last two quarters have been unprecedented in the speed of evolution of events and the impact it has had on businesses globally. We as an organization have acted with great resilience and have strengthened systems and processes to operate effectively across all our business functions. As mentioned, our overall strategy of creating digital enterprises by creating platform through our unique Platformation methodology is more relevant in the current context with more digitization and automation. The results this quarter reflect a successful response and execution of strategy aimed to grow with existing clients and add new clients. With a clear visibility in the immediate future, we are now focused on investing for long term growth in talent, IP and competency development.”
Performance Highlights for the quarter:
- Consolidated:
- Revenues at Rs.803.8 Crores
- EBITDA at Rs. 89.7 Crores : growth of 10% QoQ
- PAT at Rs. 57.2 Crores : growth of 15% QoQ
- Cash and cash equivalents (net of borrowings)Rs. 508 Crores
- International IT Services:
- Revenues at Rs. 288.1 Crores; growth of 4% QoQ
- EBITDA at Rs.70.4 Crores : growth of 9% QoQ
- PAT at Rs. 43.6 Crores : growth of 14% QoQ
- Addition of 10 new customers
- Domestic Products & Services :
- Revenues at Rs. 523.5 Crores
- EBITDA at Rs. 19.6 Crores; growth of 16% QoQ
- PAT at Rs. 13.6 Crores : growth of 17% QoQ
