Sonata Software – Consolidated annual FY15 Revenues at Rs 1,682 Crores, PAT of Rs 134 Crores, 72% growth. Board recommends final dividend of Rs 4.25 per share taking the total for the year to Rs 7/-.
Mumbai, May 19, 2015
Sonata Software, an IT consulting and software services provider, today reported its audited financial results for the quarter and year ended March31, 2015.
In Rs Crores
The Company has recorded all time high revenues and profits for the year on both a consolidated basis and also individually in each of two segments it operates in. Both the segments have recorded significant year-on-year [YoY] growth in all its financial parameters.
Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said “We have sustained our strong services business revenue and consolidated profit growth performance through the year. This has been driven by applying new technologies like omni channel commerce, mobility, analytics to transform our clients business across focus verticals like travel, retail and independent software vendors. This reflects the nature of value addition we have increasingly brought to customers. We have set a good foundation which we are confident of building on further, to be a committed partner of choice for enterprises and software product companies seeking to leverage IT to be ready for a future that is increasingly digitally driven”.
Performance Highlights for the quarter:
- Revenues at Rs 392 crores : YoY growth of 15%;
- EBIDTA at Rs 50 Crores : YoY growth of 44%;
- PAT at Rs 35 Crores : YoY growth of 48%;
- EPS for the year of Rs 12.71 (Previous year: Rs 7.40).
- Cash and equivalents of approximately Rs 239 Crores.
- International IT Services:
- Revenues at Rs 162 crores : YoY growth of 21%;
- EBIDTA at Rs 39 Crores : YoY growth of 45%;
- PAT at Rs 28 Crores : YoY growth of 50%;
- Addition of 8 new customers.
- Domestic Products& Services :
- Revenues at Rs 234 crores : YoY growth of 13%;
- EBIDTA at Rs 12 Crores : YoY growth of 43%;
- PAT at Rs 7 Crores : YoY growth of 40%;
The Company also announced the appointment of Mr Prasanna Oke, as Chief Financial Officer. Prasanna, has over 20 years of experience, across functions like Finance, Operations, Sales and M&A and has been associated with Companies such as ITW Signode, MBL India, Dragoco and Ness Technologies. Prior to joining Sonata, he worked with Globalshiksha.com as the Chief Operating Officer.
Mr Srikar Reddy, CEO & Managing Director stated that “having a seasoned professional like Prasanna with deep international experience in the IT services industry in both operations and finance join us will strengthen our management team and give an impetus to our aggressive growth plans”.
Said Mr Prasanna “I am excited to join Sonata at a juncture of solid growth and transformational strategies and look forward to working with the team in the growth story”.
About Sonata Software
Sonata Software is a global IT services company that focuses on enabling businesses win value with strategic IT initiatives. Sonata has deep technology expertise gained from multi-faceted relationships spanning Product Engineering, Professional Consulting Services, Early Adopter Programs, Implementation and Alliances status with leaders such as Microsoft, SAP, Oracle, IBM, HP, hybris, and TIBCO across Multi-Channel Commerce, ERP, CRM, Supply Chain Management, Analytics & Business Intelligence, Cloud, Social and Mobile technologies, enabling innovation, reliability and faster time to market in implementing the best IT solutions. Sonata leverages this expertise through a service line spanning Consulting, Application Development, Testing, Maintenance and Infrastructure Support, to deliver business critical outcomes across Customer Engagement & Growth, Enterprise Efficiency & Collaboration and strategic IT Cost Management needs for consumer facing enterprises in Travel, Retail and Consumer Goods industries. A unique delivery model built on dedicated customer specific Centers of Excellence, strong Governance and Value Co-creation, over decade plus relationships, underline the even deeper commitment Sonata seeks to bring to make a transformational impact on the clients critical business metrics. Sonata seeks to add differentiated value to leadership who want to drive strategic change with IT, for their businesses.