BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Sonata Software Ltd. provides IT services (30%) to travel, retail, agri and commodities, manufacturing and software vendors and offers product licensing and deployment (70%).
Key takeaways of recent quarter and conference call highlights-
IT service segment dollar revenues increased 1.5% QoQ to $44.5 million (our estimate 324 crore).
IT service core Ebitda margin (excluding other income) declined 115 basis points QoQ to 21.3%.
Domestic revenues increased 24.3% QoQ to Rs 946.2 crore but Ebitda margin declined 75 bps QoQ to 3.4%.
Hence, overall revenues increased 17.5% QoQ to Rs 1,268.5 crore and Ebitda margin declined 162 bps QoQ to 8%.
Sonata Software has hired leadership for digital tech, head of Australia and 12 sales guys onsite, which will help drive growth
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR