Sonata Software Q4 Review - Digital Platforms, Cloud To Drive Growth: Prabhudas Lilladher
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Prabhudas Lilladher Report
Sonata Software Ltd. reported strong beat in IT services revenue with growth of 6.8% QoQ U.S. dollar (our estimate: 4%) driven by digital based competencies like Managed cloud services (12.3% QoQ U.S. dollar) and digital platformation services - Microsoft (9.2% QoQ U.S.) and open source (12.3% QoQ U.S. dollar) and focused verticals like ISV (9.3% QoQ U.S. dollar), distribution and manufacturing (11.8% QoQ U.S. dollar).
Growth momentum sustained in domestic products business with up 26% YoY U.S. dollar driven by multi-year cloud-based annuity deals.
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