Sonata Software : Consolidated annual FY14 Revenues at Rs 1,566 Crores, PAT of Rs 78 Crores, 159% growth. Board recommends final dividend of Rs 2.75 per share taking the total for the year to Rs 3.75

The Company has recorded all time high revenues and profits on both a consolidated basis and also individually in each of two segments it operates in. Both the segments have recorded significant YoY and QoQ growth in its financial results.

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said "We are delighted with the progress we have made in the last financial year. The results are a reflection that our strategy of focusing on select verticals and delivering deep customer value through domain expertise and enhancing customer facing business process through digital transformation technologies like mobile, social, analytics, is bearing fruit. We believe the same razor sharp focus and working with our key technology partners will sustain our growth momentum".

Consolidated results:

» Revenues at an all-time high of Rs 1,566 crores : YoY growth of 19%;
» EBITDA at Rs 117 Crores : YoY growth of 97%;
» PAT at Rs 78 Crores : YoY growth of 159%;
» EPS for the year of Rs 7.40 (Previous year: Rs -2.67).
» Cash and equivalents of approximately Rs 240 Crores.

International IT Services:  

» Revenue at Rs 484 Crores : YoY growth of 44% and 29% in constant currency of USS$;
» EBITDA at Rs 85Crores:YoY growth of 96%;
» PAT at Rs 58 Crores: YoY growth of 184%;
» Addition of 21 new customers during the year.

Domestic Products & Services :

» Revenue at Rs 1085 Crores : growth of 11%YoY;
» EBITDA at Rs 35 Crores: growth of 57% YoY;
» PATat Rs 19Crores: growth of 104% YoY;

About Sonata Software Limited

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, TIBCO and Kony 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.

For further information, please contact:
Alia Abreo
Sonata Software Limited
A.P.S. Trust Building,
Bull Temple Road, N.R. Colony
Bangalore  560019, India
Tel : +91 80 6778 1999
[email protected]