Sonata Software - Consolidated Q2 FY14 Revenues at `425 Crores with PAT of `18.05 Crores Declares Interim Dividend of Re 1 per share (100% on face value of Re 1/- per share)

Sonata Software, an IT consulting and software services provider, today reported its unaudited financial results for the quarter ended September 30, 2013.

Financial Highlights:
• Consolidated:

 Revenues at `425 Crores (Highest ever) - Growth of 3% on QoQ and 15% on YoY basis;
 EBIDTA at `26.07 Crores - Growth of 10% on QoQ and 73% on YoY basis;
 PAT is at `18.05 Crores - Growth of 24% on QoQ and 121% on YoY basis;
 Cash reserves is `134.19 Crores.

• International IT Services:

 Revenue at `119.53 Crores - Growth of 17% on QoQ and 48% on YoY basis;
 EBITDA of `19.63 Crores - Growth of 60% on QoQ and 75% on YoY basis;
 PAT of `14.25 Crores - Growth of 73% on QoQ and 182% on YoY basis;
 Added 8 new customers during the quarter across technology areas.

• Domestic Products& Services :

 EBITDA (before exceptional income) of ` 7 Crores – Growth of 36% on QoQ and 23% on YoY basis;
 PAT (before exceptional income) of `3.81 Crores – Growth of 115% on QoQ and 22% on YoY basis;

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said “We are pleased that our new strategy to deliver value to our clients’ businesses through technology led solutions is reflecting in our financial performance.  As announced in many forums we continue to invest in strengthening value delivery through deep technology capability and commitment to long term sustained client relationships, new management talent and by building capability in a strategic mix of verticals and horizontal technology offerings of importance”.