Sonata Software Reports 10% QoQ PAT Growth, Declares Second Interim Dividend of ₹1.25 Per Share

Sonata Software , a leading Modernization Engineering Company, has reported positive results for the second quarter ended September 30. The company saw an increase in profitability, showcasing resilience in the market.

Key Financial Highlights

Metric	Value	Change
Consolidated PAT	₹120.20 crore	Up 10% QoQ
Revenue	₹2,119.30 crore	Down 28.5% QoQ

Dividend Announcement

Sonata Software has declared a second interim dividend of ₹1.25 per equity share (125% on par value of Re 1). The record date for the dividend is set for November 21, with payment to be made on or after December 3.

Management Commentary

The Board of Directors approved the unaudited financial results for Q2 and the half-year ended September 30. The company's performance demonstrates its ability to maintain growth and shareholder value in a competitive landscape.

Outlook

The 10% quarter-on-quarter growth in consolidated Profit After Tax (PAT) indicates Sonata Software's strong financial health and operational efficiency, despite a 28.5% QoQ decline in revenue. The declaration of a dividend further underscores the company's commitment to delivering value to its shareholders.

Investors and stakeholders may view these results positively, as they reflect the company's ability to generate profit growth even in the face of revenue challenges. The upcoming dividend payment may also attract income-focused investors.

As Sonata Software continues to navigate the dynamic IT services market, its ability to maintain profitability growth while addressing revenue fluctuations will be crucial for its long-term success and market position.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.22%	-1.62%	+3.03%	-11.07%	-42.57%	+143.73%

Sonata Software , a leading IT services and technology solutions company, has announced a significant strategic move in the artificial intelligence (AI) space. The company has formed a global partnership with Adesso, a prominent IT service provider, to deliver AI-driven modernization services to businesses worldwide.

Partnership Highlights

Collaboration Focus: AI-driven modernization services
Geographical Scope: Global
Key Players: Sonata Software and Adesso
Target Beneficiaries: Businesses worldwide

Potential Impact

This partnership is poised to bring tangible benefits to businesses across the globe. By combining Sonata Software's expertise in IT services and technology solutions with Adesso's proficiency in IT services, the collaboration aims to:

Enhance business modernization efforts through AI integration
Provide innovative solutions to meet evolving market demands
Improve operational efficiency and decision-making processes for client businesses

Strategic Implications

The formation of this global partnership underscores the growing importance of AI in business modernization. It also highlights Sonata Software's commitment to expanding its service offerings and global reach through strategic collaborations.

As businesses increasingly look to leverage AI for competitive advantage, partnerships like this one between Sonata Software and Adesso are likely to play a crucial role in shaping the future of IT services and business transformation.

While specific details about the implementation and rollout of these AI-driven modernization services are yet to be disclosed, this partnership signals a significant step forward in the integration of AI technologies into business processes on a global scale.