Sonata Software consolidated Q2, FY’11 net profit at Rs 25.04 cr up by 17 percent YoY

One of the leading Indian software
solutions company, Sonata Software reported its audited financial
results for the quarter and the half year ended September 30, 2010.

Sonata Software Ltd. —

Revenue for the quarter at Rs 391.14 cr
( Rs 347.33 cr ) up by 13 percent YoY
Net profit for the quarter at Rs 25.04
cr ( Rs 21.35 cr ) up by 17 percent YoY
Earnings per share (Annualized) for the
quarter at Rs 9.53 ( Rs 8.12 ) up by17 percent YoY
RONW (Annualised) for the quarter at 26
ROCE (Annualised) for the quarter at 25
Consolidated Cash Reserves : Rs 156.04
Cr ( Rs 72.47 Cr )

Sonata Software Ltd. — Stand Alone

Revenue for the quarter at US$14.25 mn (
US$12.51 Mn ) up 14 percent YoY
Revenue for the quarter at Rs 65.08 cr ( Rs 59.95 cr ) up 9 percent YoY
EBIDTA for the quarter at Rs 18.60 cr (
Rs 17.54 cr ) up 6 percent YoY
Net profit for the quarter at Rs 15.20
cr ( Rs 14.67 cr ) up 4 percent YoY
Earnings per share (Annualised) for the
quarter at Rs 5.78 (Rs 5.58 ) up 4 percent YoY
RONW and ROCE ( Annaulised)for the
quarter at 20 percent
Cash from operations for the quarter
Rs13.44 cr
Cash Reserves : Rs 67.15 cr ( Rs 37.38
cr )

* Figures shown in brackets pertains
to Q2 ’09-10

Commenting on the results, B Ramaswamy,
President and MD, Sonata Software said, “This has been a strong
quarter showing improvement in key operational metrics. Focus
continues to be on building specialization and demonstrating
continued value for our customers.”
Sonata has also got some significant
projects under its kitty.

  • A pharmaceutical major has engaged
    Sonata, to establish a centralized IT services delivery team, which
    will help them, to meet the IT needs of various divisions and optimize
    cost of operations in a highly regulated environment. As a part of this
    engagement, Sonata will provide managed testing services, which will
    help them to achieve significant improvement in their service quality
    to the end-customer.

  • As a part of implementing Web
    strategy for a general insurance company, Sonata has developed a
    comprehensive e-commerce platform and product management system for the
    customer. The new e-commerce platform will help them, to develop new
    products for their customers, manage marketing campaigns and affinity
    partners with minimal IT involvement.

  • A defence establishment has engaged
    Sonata for the implementation of Active Directory, System Centre
    Configuration Manager (SCCM), Office Communications Server (OCS) and
    related support services for a period of two years. The establishment
    has 100 units spread over 30 kilometers and connected through Optical
    Fibre Communication (OFC).

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