SME Times is powered by   
Search News
Just in:   • Sensex closes 479 points up  • Packaging industry sees e-commerce driving next growth phase  • RINL, APMDC to explore, mine magnetite in Andhra  • Rs.20,000 crore road projects announced for northeast  • Odisha targets Rs.32,000 crore revenue this fiscal 
Last updated: 27 Sep, 2014  

Sonata.9.Thmb.jpg Sonata net zooms 1303 pc in third quarter

Sonata.9.jpg
   Top Stories
» 'Defence exports have risen in past 6 to 8 months'
» PM calls for fast-tracking infrastructure projects
» "Inflation to range at 3.7 percent in 2015-16"
» Priority status for solar power will aid SMEs
» Net neutrality: Cellular operators body gets support of 4 mn Indians
SME Times News Bureau | 13 Feb, 2013
IT consulting firm Sonata Software Ltd reported net profit of Rs.8 crore for third quarter of 2012-13 from a loss of Rs.7.2 million in same quarter last fiscal, registering a whopping 1,303 percent year-on-year (YoY) growth and six percent sequentially from Rs.8.2 crore in second quarter.

In a regulatory filing Tuesday, the Bangalore-based firm said consolidated revenue, however, declined four percent to Rs.395 crore in Q3 from Rs.411 crore in same period an year ago though up 5 percent sequentially from Rs.378 crore in second quarter.

Similarly, Ebidta (earnings before interest, depreciation, tax and amortisation) zoomed 256 percent YoY to Rs.17.5 crore from Rs.4.91 crore in Q2 year ago and 16 percent sequentially from Rs.15.1 crore.

Cash reserves stood at Rs.172 crore at the end of quarter.

Net profit from the company's overseas IT services zoomed 96 percent YoY to Rs.6.11 crore from Rs.3.12 crore year ago and revenue grew 21 percent YoY to Rs.84 crore. In dollar terms, revenue up 14 percent YoY to $16 million.

"Our continued efforts in offering a differentiated value proposition and offerings to our clients are beginning to show results. We continue to invest in new technologies and markets," Sonata chief executive Srikar Reddy said in a statement here.

The company is developing a range of solutions based on Kinect sensor technologies and sentiment analysis tools, which will have potential for its clients in retail and travel vertical.

Sonata also partnered with TIBCO Software, a provider of infrastructure software, to distribute its licenses in India, along with its integration services.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
62.95
61.95
UK Pound
99.15
96.95
Euro
71.45
69.70
Japanese Yen 53.04 51.85
As on 04 May, 2015
  Daily Poll
Do you agree that India is in a much better place after one year of Modi rule?
 Yes
 No
 Can't say
  Commented Stories
» MAT row: Lack of policy clarity proves fatal(10)
» Starting an import export business: Basic guide for beginners(7)
» Govt. approves subsidy for 2,221 cold storages(5)
» MSME schemes - Do you know all of them?(5)
» How to build and protect your brand image?(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter