A prominent technology company has secured a significant business transformation contract, signalling its growing influence in the Asia-Pacific market. The deal represents a major milestone for the organisation as it moves to integrate and standardise operations across multiple countries in the region.
This transformative agreement will see the company leverage its expertise to modernise the client’s business processes, ensuring seamless operations and real-time collaboration with a diverse network of partners.
Share Price Movement
The share price of Sonata Software Limited went up by 1.03 percent to Rs. 634.65 per share on Thursday, an increase from its previous close of Rs. 628.20 per share. The market capitalisation now stands at approximately Rs. 17,797 crore as of November 28, 2024.
What Happened
Sonata Software, a leading technology company in the APAC region, has secured a multi-million dollar modernisation deal with a global leader in access solutions. This happened in Australia to support digital transformation across 13 countries in the APAC region. This transformative deal will integrate and standardise the client’s APAC business processes, ensuring seamless operations and real-time engagement with customers, suppliers, distributors, and partners.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, Sonata Software’s consolidated revenue from operations has increased by 13.43 percent YOY from Rs. 1,913 crore in Q2 FY24 to Rs. 2,170 crore in Q2 FY25 and decreased by 14.12 percent QoQ from Rs. 2,527 crore in Q4 FY24.
The company’s consolidated net profit declined by 14.51 percent, from Rs. 124 crore in Q2 FY24 to Rs. 106 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has remained the same QoQ at 106 crore.
Market Outlook
The Indian IT industry is experiencing significant growth, with revenue reaching US$ 227 billion in FY22 and expected to touch US$ 245 billion in FY23. The sector is poised for further expansion, with IT spending in India projected to grow by 11.1% in 2024, reaching US$ 138.6 billion.
The software product industry is expected to reach US$ 100 billion by 2025, and Indian companies are focusing on international expansion and enhancing their global delivery centers. The data annotation market in India is also expected to see rapid growth, reaching US$ 7 billion by 2030 due to increased domestic demand for AI.
Also read….
Shareholding Pattern
As of the November 2024 shareholding pattern, Sonata Software Limited is primarily held by the promoters at 28.17 percent, foreign institutional investors hold 12.13 percent, and the public with 36.85 percent.
About Company
Sonata Software Limited, headquartered in Bangalore, India, is a prominent IT services company. Founded in 1986, the company has grown into a key player in digital transformation and modernisation services. With a market capitalisation of approximately Rs. 17,797 crore, Sonata has established itself as a global leader.
Over the years, Sonata has expanded its services, offering solutions in cloud services, application development, data analytics, ERP, and CRM. The company specialises in digital transformation, leveraging cutting-edge technologies to drive business improvement for its clients. Sonata’s employees, numbering over 6,500, serve clients across the US, UK, Europe, and Asia-Pacific regions.
Through its platformation model, Sonata integrates industry expertise with advanced platform technology to deliver tailored solutions. As the company continues to innovate and expand, it strengthens its position as a trusted partner for Fortune 500 clients. Sonata’s leadership, headed by Chairman Pradip Shah, remains committed to delivering sustained value in an ever-evolving digital landscape.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
