Sonata Software T2 results: Sonata Software T2 results: Net profit up 59% to Rs 91 cr

PUNE: Sonata Software reported net profit of Rs 91.2 crore, up 59% and revenue of Rs 963.2 crore, up 20% for the quarter ended September 30, 2021. The business international IT services company recorded a 54% increase in profits. at Rs 67.3 crore and revenues of Rs 360.8 crore, up 25%. The domestic products and services sector reported profit of Rs 23.9 crore, up 76% and revenue of Rs 605.5 crore, up 16%.

“Our overall strategy of building digital businesses by building platforms through our unique platform methodology has continued to drive our growth and differentiate us. We continue to invest in building a stronger organization with investments, in building world-class skills aligned with the platform, ”said Srikar Reddy, Managing Director and CEO of Sonata.

The company declared an interim dividend of Rs 8 per share.

“We see the demand situation across the board for digital services very promising with growth in existing accounts and a pipeline of new transactions. Given the very high demand for talent, we are implementing a comprehensive talent management plan for digital skills, including a series of initiatives to improve employee engagement and retention, build capacity to advance and expand our delivery centers with nearby delivery centers for the United States and Europe. ,” he said.

Reddy said the Indian business continues to show robust growth with the move to cloud and digital infrastructure.


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Margie D. Carlisle