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Sonata Software Q4 Results Review: IDBI Capital Maintains 'Buy' On Recent Correction, Revises Target Price
IDBI Capital retains a constructive outlook on Sonata Software and reiterate Buy rating due to recent price correction.
08 May 2025, 11:15 AM IST 
Sonata continues to win large deals and 33% of the deal pipeline are with fortune 500 clients.
(Source: Unsplash)
Sonata Software continues to win large deals (book to bill 1.25x) and 33% of the deal pipeline are with fortune 500 clients. However, in long term considering traction in AI, traction in Microsoft fabric, strong growth in Quant, large deals, client mining are expected to be key long term growth drivers. Hence the brokerage remains positive on the company from long term perspective.
