Sonata Software Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
February 03, 2017 at 05:02 am EST
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Sonata Software Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 1,485.951 million against INR 1,245.564 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 439.225 million against INR 334.369 million a year ago. Profit from ordinary activities before tax was INR 494.521 million against INR 397.627 million a year ago. Net profit from ordinary activities after tax was INR 371.796 million against INR 296.674 million a year ago. Earnings per share basic and diluted not annualized were INR 3.54 against INR 2.82 a year ago.
For the nine months, on standalone basis, the company reported net sales/income from operations of INR 4,414.570 million against INR 3,607.835 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 1,260.580 million against INR 852.455 million a year ago. Profit from ordinary activities before tax was INR 1,388.843 million against INR 1,016.524 million a year ago. Net profit from ordinary activities after tax was INR 1,050.669 million against INR 757.364 million a year ago. Earnings per share basic and diluted not annualized were INR 9.99 against INR 7.20 a year ago.
For the quarter, on consolidated basis, the company reported net sales/income from operations of INR 6,117.529 million against INR 5,215.599 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 546.864 million against INR 546.201 million a year ago. Profit from ordinary activities before tax was INR 575.238 million against INR 594.091 million a year ago. Net profit after taxes and minority interest was INR 386.535 million against INR 402.288 million a year ago. Earnings per share basic and diluted not annualized were INR 3.68 against INR 3.83 a year ago.
For the nine months, on consolidated basis, the company reported net sales/income from operations of INR 18,104.623 million against INR 13,980.801 million a year ago. Profit from operations before other income, finance cost and exceptional items was INR 1,529.283 million against INR 1,525.274 million a year ago. Profit from ordinary activities before tax was INR 1,651.975 million against INR 1,695.198 million a year ago. Net profit after taxes and minority interest was INR 1,132.992 million against INR 1,177.605 million a year ago. Earnings per share basic and diluted not annualized were INR 10.77 against INR 11.20 a year ago.
Sonata Software Limited is an India-based modernization engineering company. It provides modernization services using its proprietary Platformation approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, digital contact center setup and management, managed cloud services and digital transformation services. Its cloud modernization services include cloud strategy and consulting, cloud migration, cloud-native development, and cloud optimization. Its enterprise data modernization offers data strategy and planning, data migration, and data management and analytics services. It offers application and infrastructure re-platforming and re-architecting services. It offers solutions with models that combine artificial intelligence (AI), machine learning and NLP techniques to recommend actions for business outcomes. Its Lightning platform enables customers to explore generative AI for their organization through industry-specific proof-of-concept projects.