Sonata Software Q4 Review - Digital Platforms, Cloud To Drive Growth: Prabhudas Lilladher
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Sonata Software Q4 Review - Digital Platforms, Cloud To Drive Growth: Prabhudas Lilladher

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.

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.

Click on the attachment to read the full report:

Prabhudas Lilladher Sonata Software Q4FY21 Result Update.pdf

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