Anand Rathi: Sonata Software - Regaining Pace Despite Renewed Concerns Regarding Travel
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Anand Rathi: Sonata Software - Regaining Pace Despite Renewed Concerns Regarding Travel

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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.

Anand Rathi Report

Sonata Software Ltd.’s travel vertical bounced up sharply (167% QoQ, but YoY down 68%) after a Q1 slump.

It is likely to continue its growth trajectory, given the low base and despite renewed travel concerns.

Its Q2 Information technology services 39 million dollar revenue (up 5% QoQ, but YoY down 19% adjusted) is likely to regain pace on the strong outsourced product development /ISV pipeline and retail.

Its domestic revenue growth (up 23% YoY to 71 million dollar) is also likely to persist.

Click on the attachment to read the full report:

Anand Rathi Sonata Software Q2FY21 Result Update.pdf

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