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Sonata Consolidated Q2 FY11 Net Profit at Rs. 25.04 Cr Up by 17% YoY - Leading Indian software solutions company, Sonata Software Ltd today reported its audited financial results for the quarter and the half year ended 30th September 2010
Sonata Consolidated Q2 FY11 Net Profit at Rs. 25.04 Cr Up by 17% YoY

 

PRZOOM - /newswire/ - Bangalore, Karnataka, India, 2010/11/10 - Leading Indian software solutions company, Sonata Software Ltd today reported its audited financial results for the quarter and the half year ended 30th September 2010.

   
 
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Highlights:
Sonata Software Ltd – Consolidated
- Revenue for the quarter at Rs. 391.14 Cr ( Rs.347.33 Cr ) up 13% YoY
- Net profit for the quarter at Rs.25.04 Cr ( Rs. 21.35 Cr ) up 17% YoY
- Earnings per share (Annualized) for the quarter at Rs. 9.53 ( Rs. 8.12 ) up 17% YoY
- RONW (Annualised) for the quarter at 26%
- ROCE (Annualised) for the quarter at 25%
- Consolidated Cash Reserves : Rs.156.04 Cr ( Rs.72.47 Cr )

Sonata Software Ltd – Stand Alone
- Revenue for the quarter at US$14.25 Mn ( US$12.51 Mn ) up 14% YoY
- Revenue for the quarter at Rs.65.08 Cr ( Rs.59.95 Cr ) up 9% YoY
- EBIDTA for the quarter at Rs.18.60 Cr ( Rs.17.54 Cr ) up 6% YoY
- Net profit for the quarter at Rs. 15.20 Cr ( Rs.14.67 Cr ) up 4% YoY
- Earnings per share (Annualised) for the quarter at Rs.5.78 ( Rs.5.58 ) up 4% YoY
- RONW and ROCE ( Annaulised)for the quarter at 20%
- Cash from operations for the quarter Rs.13.44 Cr
- Cash Reserves : Rs. 67.15 Cr ( Rs.37.38 Cr )

* Figures shown in brackets pertains to Q2 09-10

Management Comments:
Commenting on the results, Mr. B. Ramaswamy, President and Managing Director, Sonata Software Limited said,
“This has been a strong quarter showing improvement in key operational metrics. Focus continues to be on building specialization and demonstrating continued value for our customers”.

Significant Projects:

A pharmaceutical major has engaged Sonata to establish a centralized IT services Delivery Team which will help them to meet the IT needs of various divisions and optimize cost of operations in a highly regulated environment. As a part of this engagement, Sonata will provide Managed Testing Services which will help them to achieve significant improvement in their service quality to the end customer. Sonata will also provide Remote Infrastructure Support and Application Maintenance Services to the customer enabling them to enhance their productivity, improve response times and achieve significant cost reduction.

As a part of implementing web strategy for general insurance company, Sonata has developed a comprehensive e-commerce platform and product management system for the customer. The new e-commerce platform will enable help them to develop new products for their customers, manage marketing campaigns and Affinity Partners with minimal IT involvement. This solution will also help them to cross-sell insurance products to customers visiting the Partner Websites.

A defence establishment has engaged Sonata for the implementation of Active Directory, System Centre Configuration Manager (SCCM), Office Communications Server (OCS) and related support services for a period of 2 years. The establishment has 100 units spread over 30 kilometers and connected through Optical Fibre Communication (OFC). Each unit has its own Domain. Sonata is helping the customer to effectively consolidate the Domains into one Unified Domain. This will lead to smooth flow of information across departments, centralized management of Domains, reduced downtime of servers, improved efficiency of mailing solution and increased availability of critical systems.

Sonata is assisting a leading provider of Workforce Management Solution Software to undergo a technology modernization through re-engineering. The modernization process will enable them to upgrade the product to an enterprise class solution that is scalable. This will help them to offer the product globally and expand their customer base.

Sonata is working with the IT wing of a leading provider of Travel and Transportation services in the Middle East to develop a Travel Management System which will include a full suite of Front Office (POS), Mid Office (Pricing) and Back-Office (Revenue Accounting) solutions. Developed for their Travel Services business, the application will provide the Travel Agents with the functionality of flight reservations along with booking of Hotels, Cars and Transfers which will be integrated seamlessly within the transaction life-cycle so as to have an error-free and efficient handling of various business transactions.

 
 
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Sonata Consolidated Q2 FY11 Net Profit at Rs. 25.04 Cr Up by 17% YoY

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Contact: Swati Sengupta - Sonata-Software.com 
+91 80 30971999 swati.sengupta[.]sonata-software.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Sonata Software Ltd securities in any jurisdiction including any other companies listed or named in this release.

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