Sonata Software Q3 Review - Strong Revenue Growth On The Back Of Deal Wins With Enterprise Clients: KRChoksey

"BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .KRChoksey Research Report.Sonata Software Ltd. reported a consolidated revenue of Rs 22,608 million, registering a growth of 51% on a sequential basis for Q3 FY23. Reported Ebitda stood at Rs 1728 million with a QoQ growth of 4% and consolidated net profit grew by 4% QoQ to Rs 1176 million. Ebitda margin and profit after tax margin declined 340 bps and 230 bps on a QoQ basis respectively. It reported an industry leading QoQ revenue growth of 6.3% in Indian rupee terms (4.8% in U.S. dollar terms) at Rs 4896 million in the international business. Domestic products and services division posted a strong quarter with a significant growth of 70.5% in revenue on a sequential basis, supported by growth in higher annuity revenue. Annuity revenue accounted for 76% of the domestic revenue for Q3 FY23. Growth was mainly driven on the back of Top 20 clients and 20 new clients were added during Q3 FY23. Management has indicated that pipeline continues to be healthy and strong through multiple new digital wins from existing and new customers..Click on the attachment to read the full report:.LTIMindtree Q3 Results Review — Result Miss; Synergy Benefits May Take Longer Than Expected: Dolat Captial.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Sonata Software Q3 Review - Strong Revenue Growth On The Back Of Deal Wins With Enterprise Clients: KRChoksey

Growth was mainly driven on the back of Top 20 clients and 20 new clients were added during Q3 FY23.

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Sonata Software Q3 Review - Strong Revenue Growth On The Back Of Deal Wins With Enterprise Clients: KRChoksey

Growth was mainly driven on the back of Top 20 clients and 20 new clients were added during Q3 FY23.

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