Business & Investment

Sonata Software Second Quarter Profit Up 59% Rs 91

IT company Sonata Software announced on Tuesday that consolidated profits increased 59% to Rs 91.17 in the second quarter, which ended September 30, 2021.

The company recorded a profit of Rs 57.2 a year ago at the same time.

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“Our overall strategy of building a digital enterprise by creating a platform with a unique platforming approach is driving growth and differentiating. World-class capabilities for platforming. We continue to invest in creating stronger organizations that involve investment to generate, “Srikar Reddy, Managing Director and CEO of Sonata Software, said in a statement.

Consolidated revenue from Sonata Software’s business increased by 19.83% to Rs 963.18 during the quarter reported from Rs 803.77 in the corresponding quarter of 2020-21.

“We believe the demand for digital services is very promising as existing accounts and new trading pipelines grow,” Reddy said.

The company’s international IT services revenue increased 25% year-on-year to Rs 36.08 billion and domestic products and services increased 16% to Rs 60.55 billion.

After-tax profit (PAT) from the company’s international services increased 54% year-on-year to 67.3 rupees and domestic PAT increased 76% to 23.9 rupees.

Sonata Software Second Quarter Profit Up 59% Rs 91 Sonata Software Second Quarter Profit Up 59% Rs 91

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