Dhir says modernization-driven solutions enabled three large deals
Bangalore’s Sonata Software has reported a US$160 million deal and strong growth from digital based competencies like Managed Cloud Services and Digital PlatformationTM Services (Microsoft & Open source) and focused verticals like TMT, Healthcare & Life Sciences, Manufacturing, Retail, CPG, TTH, BFSI and Emerging.
“Our modernization-driven solutions enabled three large deal wins, including our largest-ever deal win of US$160 million,” Samir Dhir, MD & CEO of the Company, said on 15 May 2023.
He elaborated, “International revenue in dollars grew by 8.6% QoQ, and Domestic Gross Contribution grew by 2.9% during the same quarter ended 31 Mar 2023.”
Bayer choses Sonata as top System Integrator (SI) partner for its new Agri-Food Cloud solution. Sonata is now global partner for technology-driven Sinequa.
“Our pipeline continues to be healthy and strong through multiple new digital wins from existing and new customers,” said Dhir.
“In addition, we completed the acquisition of Quant Systems in the quarter to strengthen our recently announced incubating BFSI and Healthcare verticals.”
Rupee Revenue for Q4 FY’23 grew by 9% QoQ (8.6% in USD terms).
Full-year rupee Revenue grew by 29%. (18.1 % in USD terms).
Consolidated PAT for FY’23 grew by 20% YoY.
“We are seeing the positive results of our focus on multi-year annuity enterprise sales and will continue to prioritize enterprise clients to drive further growth,” added Sujit Mohanty, MD & CEO of Sonata Information Technology Limited.
“Our domestic products and services division had an outstanding year of financial performance. Our Gross Contribution grew by 2.9% QoQ and 29% YoY on full year basis. Our FY’23 PAT grew by 39% YoY.”
Overall strategy of delivering outcome-based Modernization services using our Domain-Led and technology-based Modernization anchored by GTMs executed through PlatformationTM. fiinews.com
