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Sonata Consolidated Q1 FY12 Net Profit at Rs. 8.84 Cr - Leading Indian software solutions company, Sonata Software Ltd today reported its audited financial results for the quarter ended 30th June 2011. Sonata's Consolidated Q1 FY12 Net Profit is at Rs. 8.84 Cr
Sonata Consolidated Q1 FY12 Net Profit at Rs. 8.84 Cr

 

PRZOOM - /newswire/ - Bangalore, Karnataka, India, 2011/07/14 - Leading Indian software solutions company, Sonata Software Ltd today reported its audited financial results for the quarter ended 30th June 2011. Sonata's Consolidated Q1 FY12 Net Profit is at Rs. 8.84 Cr.

   
 
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Leading Indian software solutions company, Sonata Software Ltd. today reported its audited financial results for the quarter ended 30th June 2011.

Highlights:

Sonata Software Ltd – Stand Alone
- Revenue at US$ 13.59 Mn ( US$ 13.62 Mn )
- Revenue at Rs. 61.13 Cr ( Rs. 61.85 Cr )
- EBIDTA at Rs. 17.60 Cr ( Rs.18.17 Cr )
- Net profit at Rs. 11.90 Cr ( Rs. 14.86 Cr )
- Earnings per share (Annualised) at Rs. 4.53 ( Rs.5.65 )
- Cash & cash equivalents Rs. 61.32 ( Rs. 57.87 )

Sonata Software Ltd. – Consolidated
- Revenue at Rs. 334.00 Cr ( Rs.332.15 Cr )
- Net profit at Rs. 8.84 Cr ( Rs.18.23 Cr )
- Earnings per share (Annualized) at Rs. 3.36 ( Rs. 6.94 )
- Cash & cash equivalents Rs. 162.43 ( Rs. 151.85 )

• Figures shown in brackets pertains to relevant period of Previous year

Significant Projects:

For a world-leading mobile satellite service provider, Sonata is developing a new Business Intelligence system using Microsoft SQL Server 2008 platform and Microsoft Office SharePoint Server (MOSS) 2010 for data warehousing, reporting and analytics. Sonata is designing a new and flexible data model to incorporate the business requirements of the customer. The solution will enhance the reporting system of the customer and allow them to accommodate changes and develop new projects. It will also ensure smooth and secure information delivery for the users.

A leading travel management organisation has engaged Sonata to develop an online travel management system with a self booking tool for their corporate customers. The solution will enable the organisation to successfully manage their corporate travel programs and meet the rapidly changing business requirements. It will also help them to optimize their IT investments, enhance their productivity and offer quality products and services to their end customers.

Sonata is engaged with a Global Construction equipment manufacturer to provide implementation services for their SAP initiative. The implementation will enable them to align their business processes to adopt the best practices and assist better decision making across their operations. This business initiative will address their operational excellence across processes that include Order to Cash, Procure to Pay, Financials and Manufacturing.

For a leading provider of enterprise data integration software, Sonata is re-designing their reporting system using open source technologies to help them develop new projects and accommodate changes. Sonata is moving the existing reporting system from Informatica Data Analyzer to Jasper Server. This will allow the customer to access, visualize, analyze, create and distribute highly formatted reports both internally and externally.

For a leading cellular service provider, Sonata is integrating a COTS (Commercial–of–the–Shelf) product with their network inventory system to avoid parallel mastery of IP address. The solution will optimize the work process for the client and also help them to track and manage the IP addresses.

For a retail start-up, Sonata is deploying a state-of-the-art IT infrastructure to help them respond to the needs of their customers quickly, efficiently and with the highest possible integrity. Sonata is helping the customer implement Microsoft Dynamics AX for Retail which will enable them to change and expand their business model by adding stores and distribution centers and take advantage of multichannel retail opportunities. It will also help them to enhance operational efficiency by standardizing processes across multiple sites and improve margins.

About Sonata Software Limited

Sonata Software (Sonata-Software.com), headquartered in Bangalore, India, is a leading IT consulting and services company. Sonata's customers are located across the US, Europe, Middle East and the Asia-Pacific region. Its key business segments include Product Engineering (ISV), Enterprise IT and Travel, Transportation and Logistics. As per the industry rankings released by NASSCOM for FY 2009-10, Sonata Software figured among the Top 20 IT Software Services Exporters in India for the third consecutive year. Sonata has been ranked among Top 10 R&D Services players globally by Zinnov Management Consulting Pvt. Ltd. Zinnov has rated Sonata 6th in the Software Products segment.

Sonata’s subsidiaries include (1) TUI InfoTec – Sonata’s Joint Venture with TUI, Europe’s largest tourism group, (2) Sonata North America Inc (formerly Offshore Digital Services Inc) – Sonata’s arm in the US, which provides development and consulting services to clients, using an Onsite-Offshore Delivery Model, (3) Sonata Software FZ LLC – Sonata’s fully-owned subsidiary that provides value-based IT solutions to customers in the Middle East and (4) Sonata Information Technology Limited, which is a premier software services and product distribution company with India-focused business operations.

 
 
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Sonata Consolidated Q1 FY12 Net Profit at Rs. 8.84 Cr

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Contact: Anushree Kumar - Sonata-Software.com 
+91 80 26610330 swati.sengupta[.]sonata-software.com
 
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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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