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