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Anand Rathi Report
Sonata Software Ltd.'s travel vertical bounced up sharply (167% QoQ, but YoY down 68%) after a Q1 slump.
It is likely to continue its growth trajectory, given the low base and despite renewed travel concerns.
Its Q2 Information technology services 39 million dollar revenue (up 5% QoQ, but YoY down 19% adjusted) is likely to regain pace on the strong outsourced product development /ISV pipeline and retail.
Its domestic revenue growth (up 23% YoY to 71 million dollar) is also likely to persist.
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