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 (Sonata) offers IT services (30%) and product licensing & deployment (70%).
The company provides IT services to travel, retail, agri & commodities and manufacturing and software vendors
Net debt free and healthy double digit return ratio (with RoCE of >30%)
Q2FY22 Results: Sonata reported strong numbers in IT services, which largely compensate for a weak product business performance.
IT services dollar revenues increased 11% QoQ to $49.5 million
Overall Ebitda margin improved 482 bps QoQ to 12.8%
Overall PAT increased 5% QoQ to | Rs 91.2 crore led by a strong operating performance
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