Sonata Software Ltd. — Interim / Quarterly Report 2019

Feb 8, 2019

8th February, 2019

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Mumbai Kind Attn: Manager, Listing Department Email Id: neaps@nse.co.in Stock Code - SONATSOFTW

BSE Limited P.J. Towers, Dalal Street Mumbai Kind Attn: Manager, Listing Department Email Id: listing.centre@bseindia.com Stock Code - 532221

Dear Sir/Madam,

Sub: Outcome of Board Meeting

Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

With reference to the captioned subject, we would like to inform that the Board of Directors of the Company inter-alia considered and approved the following:

a) Financial Results for the quarter and nine-months ended 31st December, 2018

The Unaudited Financial Results of the Company (standalone and consolidated) for quarter and nine months ended 31st December, 2018 were considered and adopted by the Board in the meeting held today i.e. 8th February, 2019.

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose a copy of the Unaudited Financial Results (Standalone and Consolidated) for quarter and nine months ended 31st December, 2018 together with Limited Review Report from our Statutory Auditors. A copy of the press release is enclosed for your reference.

b) Approval to conduct Postal Ballot

As provided under Regulation 17(1A) of the aforesaid Regulations, Board accorded its approval to conduct the postal ballot pursuant to the provisions of Section 110 of the Companies Act, 2013 read with Companies (Management and Administration) Rules, 2014, for seeking approval of members of the Company for continuation of directorship of Mr. B K Syngal (DIN: 00002395), Independent Director and Mr. Suresh Talwar, (DIN: 00001456), Independent Director who have attained the age of 75 years.

c) Approval for Merger of Subsidiary Companies

The Board of Directors of the Company in the meeting held today i.e. 8th February, 2019 has accorded the in principle approval for merger of subsidiaries of Sonata Software North America, Inc. viz. Rezopia Inc., Halosys Technologies Inc., Interactive Business Information System Inc., with Sonata Software North America, Inc., wholly owned subsidiary of the Company.

The meeting of the Board of Directors of the Company commenced at 12.45 p.m. and concluded at 3. 00 p.m.

Also note that the aforesaid information will be available on our website www.sonata-software.com

Kindly take the same on record.

Thanking you,

Yours faithfully For Sonata Software Limited

Kundan K. Lal Company Secretary and Compliance Officer

Encl:. as above

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India

Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SONATA SOFTWARE LIMITED

1. We have reviewed the accompanying Statement of Standalone Unaudited Financial Results of SONATA SOFTWARE LIMITED ("the Company"), for the Quarter and Nine months period ended December 31, 2018 ("the Statement"), being submitted by the Company pursuant to the requirement of Requiation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.

This Statement which is the responsibility of the Company's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018)

for of

Gurvinder Singh Partner (Membership No. 110128)

BENGALURU, February 8, 2019

SONATA SOFTWARE LIMITED

Registered Office: 208, T.V. Industrial Estate, S.K. Ahire Marg, Worli, Mumbai - 400 030

Corporate Office: 1/4, A.P.5 Trust Building, Bull Temple Road, N.R. Colony, Bangalore - 560 019

CIN-172200MH1994PLC082110

www.sonata-software.com, Tel: +91-080-67781999 Fax: +91-080-26601387, investor@sonata-software.com

Statement of unaudited standalone financial results for the quarter and nine months ended December 31, 2018Quarter endedNine months endedYear endedParticularsSINo.December 31,September 30,December 31,December 31,December 31,March 31,201820182017201820172018(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Unaudited)(Audited)Revenue from operations121,19920,58318,02861,02750,88868,851Other income$\overline{2}$(259)1,2876961,4803,0984,1963Total Revenue (1+2)20,94021,87018,72462,50753,98673,0474Expenses(a) Purchases of Stock-in-Trade1,1041,0731,5043,4893,6374,494(b) Employee benefits expense10,34510,4059,30529,95527,18936,412(c) Finance costs$\overline{2}$5$\mathbf{1}$81517(d) Depreciation and amortization expense160156129452359500(e) Other expenses3.8473,7192,79310,8718,66211,848Total expenses15,33015,48613,73244,77539,86253,271Profit before exceptional items and tax (3 - 4)56,3845,6104,99217,73214,12419,7766Exceptional item- Interest income on income tax refund4949×÷49Profit before tax $(5 + 6)$75,6106,3844.99217,78114,17319,8258Tax expense(1) Current tax1,7491,8191,1105,2593,4124,959(2) Deferred tax(39)(4)17(240)(15)(262)9Profit for the period (7 - 8)3,8654,6043,86512,76210,77615,128Other comprehensive income101 (a) Items that will not be reclassified to profit/ (loss)(306)7643(88)(65)(70)(b) Income tax relating to items that will not be reclassified to profit /(loss)(21)93(11)3617162 Items that will be reclassified to profit/(loss)(a) Exchange differences in translating the financial statements offoreign operations(228)198(58)(134)105238(b) Exchange differences on forward cover3,128(1, 578)(150)1,018(344)(635)(c) Income tax relating to items that will be reclassified toprofit/(loss)(888)38851(337)5997Total(937)(125)1,799(229)495(353)Total Comprehensive Income for the period (9 + 10)115,6643,6673,74013,25710,54714,775Paid-up equity share capital (Face Value ₹ 1/-)121,0391,0381,0371,0391,0371,03813Other equity48,10548,10545,77948,10545,77948,105Earnings per equity share (of ₹ 1/- each) :14(a) Basic3.724.433.7312.2910.3814.57(b) Diluted3.724.433.7212.2810.3814.56See accompanying notes to the financial results	Part I					₹ in lakhs, except per share data

Notes to unaudited standalone financial results for the quarter and nine months ended December 31, 2018:

These quarterly and nine months ended unaudited standalone financial results are prepared in accordance with Indian Accounting Standards applicable as per Sec 133 of the Companies Act, 2013 have been reviewed ä, by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 8, 2019.

ö The Company publishes unaudited standalone financial results along with unaudited consolidated financial results. In accordance with Ind AS 108 Operating Segments, the Company has disclosed the segment information in the unaudited consolidated financial results.

On December 21, 2018, Sonata Software Limited acquired 100% of voting interests in Scalable Data Systems Pty Ltd, a Australian -based Microsoft Dynamics 365 Value Added Reseller (VAR) and Independent Software Vendor (ISV) focused on Microsoft Dynamics AX (EPR) for a total consideration of upto AUD 4.63 million (approximately ₹ 2,293 lakhs), comprising of cash consideration of AUD 2.63 million (approximately ₹ 1,309 lakhs), contingent consideration of upto AUD 2 million (approximately ₹ 984 lakhs). The payment of contingent consideration is dependent upon the achievement of certain financial targets by Scalable Data Systems Pty Ltd. As of February 8, 2019 (i.e., the date of adoption of financial statements by the Board of Directors), the Company is in the process of finalizing the allocation of purchase consideration to identifiable assets an liabilities.

EPS for quarterly periods is not annualised. à

ALF OF THE BOARD OF DIRECTORS ON BE REDD

MANAGING DIRECTOR K CHIEF EXECUTIVE OFFICER

Chartered Accountants Prestige Trade Tower, Level 19 46, Palace Road, High Grounds Bengaluru - 560 001 Karnataka, India

Tel: +91 80 6188 6000 Fax: +91 80 6188 6011

INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS

TO THE BOARD OF DIRECTORS OF SONATA SOFTWARE LIMITED

1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of SONATA SOFTWARE LIMITED ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the Quarter and Nine months period ended December 31, 2018 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016.

This Statement, which is the responsibility of the Parent's Management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on the Statement based on our review.

• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiries of Parent's personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and, accordingly, we do not express an audit opinion.
• 1. The Statement includes the results of the Parent and subsidiaries as given in Annexure to this report.
• 1. Based on our review conducted as stated above and based on the consideration of the review report of the other auditor referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the aforesaid Indian Accounting Standards and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016 dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. We did not review the interim financial results of a subsidiary included in the unaudited consolidated financial results, whose interim financial results reflect total revenues of Rs.191 Lakhs and Rs.591 Lakhs for the Quarter and Nine months ended December 31, 2018, total profit after tax of Rs.17 Lakhs and Rs.53 Lakhs and total comprehensive income of Rs.10 Lakhs and Rs.56 Lakhs for the Quarter and Nine months ended December 31, 2018 respectively, as considered in the unaudited consolidated financial results. These interim financial results have been reviewed by other auditor whose report have been furnished to us by the Management and our report on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary is based solely on the report of the other auditor.

For DELOITTE HASKINS & SELLS LLP

Chartered Accountants (Firm's Registration No. 117366W/W-100018)

forth

Gurvinder Singh Partner (Membership No.110128)

BENGALURU, February 8, 2019

Annexure to the Auditor's Report

List of Subsidiaries:

• 1. Sonata Information Technology Limited
• 1. Sonata Software North America Inc.
• 1. Rezopia Inc.
• 1. Halosys Technologies Inc.
• 1. Interactive Business Information Systems Inc.
• 1. Sonata Software GmbH
• 1. Sonata Software FZ-LLC, Dubai
• 1. Sonata Europe Limited
• 1. Sonata (Qatar) LLC, Qatar
• 1. Scalable Data Systems Pty Ltd (acquired with effect from December 21, 2018)

$\textbf{SONATA SOFTWARE LIMITED} \label{eq:SSNATASOFTWARE LIMITED} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93\textwidth} \begin{minipage}{0.93$

	ran.रै in lakhs, except per share data
	Statement of unaudited consolidated financial results for the quarter and nine months ended December 31, 2018Quarter ended
				Nine months ended
SINO.	Particulars	December 31,2018	September 30,2018	December 31,2017	December 31,2018	December 31,2017	March 31,2018
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
$\mathbf{1}$	Revenue from operations	84,396	59,307	76,675	212,535	182,814	245,394
$\overline{2}$	Other income	(474)	1,669	652	1,980	3,357	4,545
з	Total Revenue (1 + 2)	83,922	60,976	77,327	214,515	186,171	249,939
4	Expenses
	(a) Purchases of Stock-in-Trade	53,932	30,626	51,709	126,464	111,411	148,807
	(b) Changes in inventories of Stock-in-Trade			(3)		(3)
	(c) Employee benefits expense(d) Finance costs	14,042	14,638	13,118	41,884	38,499	51,374
	(e) Depreciation and amortization expense	106295	95289	91314	268874	383943	481
	(f) Other expenses	6,442	6,643	5,345	19,472	16,163	1,24122,114
	Total expenses	74,817	52,291	70,574	188,962	167,396	224,017
5	Profit before exceptional items and tax (3 - 4)	9,105	8,685	6,753	25,553	18,775	25,922
6	Exceptional item
	- Interest income on income tax refund				186	114	115
7	Profit before tax $(5 + 6)$	9,105	8,685	6,753	25,739	18,889	26,037
8	Tax expense
	(1) Current tax	2,554	2,800	1,798	7.875	5,167	7,125
	(2) Deferred tax	158	(333)	23	(489)	(62)	(301)
9	Profit for the period (7 - 8)	6,393	6,218	4,932	18,353	13,784	19,213
10	Other comprehensive income
	1 (a) Items that will not be reclassified to profit or loss	(331)	82	18	(98)	(96)	(99)
	(b) Income tax relating to items that will not be reclassified
	to profit or loss	98	(24)	(4)	32	24	24
	2 Items that will be reclassified to profit or loss
	(a) Exchange differences in translating the financial statements
	of foreign operations and on goodwill reinstatement(b) Exchange differences on forward cover	(515)3,099	464(1,706)	(80)	(361)	49	286
	(c) income tax relating to Items that will be			(149)	756	(336)	(581)
	reclassified to profit/(loss)	(770)	360	56	(147)	70	72
	Total	1,581	(824)	(159)	182	(289)	(298)
11	Total Comprehensive Income for the period (9 + 10)	7,974	5,394	4,773	18,535	13,495	18,915
	Of the Total Comprehensive Income above, total comprehensive income
	attributable to:
	Owners of the parent	7,988	5,394	4,773	18,573	13,479	18,955
	Non - controlling interest	(14)			(38)	16	(40)
	Of the Total Comprehensive Income above, Profit for the period	7,974	5,394	4,773	18,535	13,495	18,915
	attributable to:
	Owners of the parent	6,407	6,218	4,932	18,391	13,768	19,253
	Non - controlling interest	(14)			(38)	16	(40)
	Of the Total Comprehensive Income above, Other Comprehensive Income	6,393	6,218	4,932	18,353	13,784	19,213
	for the period attributable to:
	Owners of the parent	1,581	(824)	(159)	182	(289)	(298)
	Non - controlling interest
		1,581	(824)	(159)	182	(289)	(298)
12	Paid-up equity share capital (Face Value ₹ 1/-)	1,039	1,038	1,037	1,039	1,037	1,038
13	Other equity	64,293	64,293	58,003	64,293	58,003	64,293
14	Earnings per equity share (of ₹ 1/- each) :(a) Basic	6.17
	(b) Diluted	6.16	5.995.98	4.754.75	$17-71$17.69	13.2613.26	18.5418.54
	See accompanying notes to the consolidated financial results

$\sim$ $\sim$

Notes:

1 These quarterly and nine months ended unaudited consolidated financial results are prepared in accordance with Indian accounting standards applicable as per Sec 133 of the Companies Act, 2013 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 8, 2019

• 2 Consolidated unaudited financial results include subsidiaries i.e, Sonata Information Technology Limited, Sonata Software North America Inc., Rezopia, Inc., Halosys Technologies Inc., Interactive Business Information Systems, Inc. (IBIS), Sonata Software GmbH, Sonata Europe Limited, Sonata Software FZ-LLC, Sonata Software (Qatar) LLC and Scalable Data Systems Pty Ltd( w.e.f December 21, 2018).
• 3 On December 21, 2018, Sonata Software Limited acquired 100% of voting interests in Scalable Data Systems Pty Ltd, a Australian -based Microsoft Dynamics 365 Value Added Reseller (VAR) and Independent Software Vendor (ISV) focused on Microsoft Dynamics AX (EPR) for a total consideration of upto AUD 4.63 million (approximately ₹ 2,293 lakhs), comprising of cash consideration of AUD 2.63 million (approximately ₹1,309 lakhs), contingent consideration of upto AUD 2 million (approximately ₹984 lakhs). The payment of contingent consideration is dependent upon the achievement of certain financial targets by Scalable Data Systems Pty Ltd. As of February 8, 2019 (i.e., the date of adoption of financial statements by the Board of Directors), the Company is in the process of finalizing the allocation of purchase consideration to identifiable assets and liabilities.
• On January 10, 2019, Sonata Software North America Inc. (a wholly owned subsidiary of Sonata Software Limited) has acquired remaining 40% of voting interests in Rezopia Inc, a California $\mathbf{A}$ Corporation for a total cash consideration of USD 0.3 million (approximately Rs 211 lakhs). Consequent to acquisition of the voting rights, Rezopia, Inc., will become a wholly-owned subsidiary of the Sonata Software North America Inc.

The consolidated segment wise revenue and results are as follows :						(₹ in lakhs)
Particulars		Quarter ended			Nine months ended
	December 31,	September 30,	December 31.	December 31,	December 31.	March 31,
	2018	2018	2017	2018	2017	2018
	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1. Segment revenue
a. India	53,875	31,260	50,546	127,679	111,941	148,943
b. Other than India	30,952	28,884	26,597	86,713	72,568	98,608
Total	84,827	60,144	77,143	214,392	184,509	247,551
Less : Inter segment revenue	(431)	(837)	(468)	(1,857)	(1,695)	(2, 157)
Revenue from operations	84,396	59,307	76,675	212,535	182,814	245,394
2. Segment results
Profit before tax and interest
a. India	1,528	895	1,359	3,359	3,741	3,978
b. Other than India	7,246	7,197	5,309	20,952	14,310	20,819
Total	8,774	8,092	6,668	24,311	18,051	24,797
Less: Finance costs	(106)	(95)	(91)	(268)	(383)	(481)
Add: Unallocable income net of unallocable expenditure	437	688	176	1,510	1,107	1,606
3. Profit before tax and exceptional item	9,105	8,685	6,753	25,553	18,775	25,922
Exceptional item
- Interest Income on income tax refund				186	114	115
4. Profit before tax	9,105	8,685	6,753	25,739	18,889	26.037

				(₹ in lakhs)
Particulars	As at	As at	As at	As at
	December 30.	September 30,	March 31,	December 31.
	2018	2018	2018	2017
5. Segment assets
la. India	58,507	41,081	46,939	46,793
b. Other than India	65,062	65,320	61,215	61,216
c. Unallocable	14,947	14,540	15.087	17,570
Total Assets	138,516	120,941	123,241	125,579
6. Segment liabilities
la. India	49,623	29,439	38,674	44,354
b. Other than India	11,161	16,525	11,865	11,106
Ic. Unallocable	8,289	7,594	7,376	9,672
Total Liabilities	69,073	53,558	57,915	65,132

FOR AND ON BE THE BOARD OF DIRECTORS $ALF$ P SRINAR REDDY MANAGING DIRECTOR CHIEF EXECUTIVE OFFICER

Place: Bangalore Date: February 8, 2019

Sonata Software - Consolidated Q3 FY18 PAT at ₹ 64 Crores; 30% YoY growth. Bangalore, February 8, 2019

Sonata Software, a global IT services and technology solutions company, today reported its unaudited financial results for its 3rd quarter ended and nine months ended 31st December 2018.

								in $\bar{\epsilon}$ Crores
Description	For the Quarter ended					For the nine months ended
	$31$ -Dec-18	$30 - Sep - 18$	$31 - Dec-17$	QoQ	YoY	31-Dec-18	31-Dec-17	YoY
Revenues
International IT Services	284.0	275.3	240.8	3%	18%	816.4	686.7	19%
Domestic- Products & Services	563.2	325.9	530.3	73%	6%	1,326.3	1,158.1	15%
Consolidated	844.0	593.1	766.7	42%	10%	2,125.4	1,828.1	16%
EBITDA
International IT Services	76.0	73.5	56.8	3%	34%	216.2	159.3	36%
Domestic- Products & Services	19.5	17.7	15.4	10%	26%	53.9	44.6	21%
Consolidated	95.1	90.7	71.6	5%	33%	268.8	202.2	33%
PAT
International IT Services	52.1	51.2	40.1	2%	30%	150.6	111.7	35%
Domestic- Products & Services	12.0	11.0	9.2	9%	31%	33.4	26.1	28%
Consolidated	64.1	62.2	49.3	3%	30%	183.9	137.8	33%

Speaking on the results Mr. Srikar Reddy, Managing Director & CEO of the Company said-

We continue to execute on our strategy to be a digital transformation partner through our unique Platformation™ methodology. In line with this strategy we made two acquisitions last quarter - Scalable Data Systems and Sopris Systems - both will strengthen our position as a strong Dynamics 365 partner globally.

Our investments in our IP, Brick and Click, Modern Distribution, Halosys and Rezopia and new technologies like RPA, AI, ML, and Platform Engineering for the Cloud, continue to differentiate us in our core verticals of Retail, Travel, CPG, Distribution and ISVs.

Performance Highlights for the quarter:

LONSOlidated:

• ▶ Revenues at ₹ 844 Crores : growth of 42% QoQ;

• EBITDA at ₹95 Crores : growth of 5% QoQ;

• PAT at ₹64 Crores : growth of 3% QoQ;

• ▶ Cash and equivalents of approximately ₹ 341 Crores (net of borrowings).

• International IT Services:

• Revenues at ₹ 284 crores; growth of 3% QoQ;

• EBITDA at ₹76 Crores : growth of 3% QoQ;

• PAT at ₹ 52 Crores : growth of 2% QoQ;

• $\triangleright$ Addition of 9 new customers

Domestic Products& Services

• Revenues at ₹ 563 crores : growth of 73% QoQ;

• EBITDA at ₹20 Crores : growth of 10% QoQ;

• PAT at ₹ 12 Crores : growth of 9% QoQ;

About Sonata Software

Sonata Software is a global IT solutions firm focused on catalysing business transformation initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company delivers strategic technology solutions for Travel, Retail & Distribution and Software Product companies to drive enhanced customer engagement, operations efficiency and return on IT investments. Sonata brings its own proprietary platforms, products and services in digital technology areas such as Omni-channel commerce, Mobility, Analytics, Cloud and ERP to enable speed and reliability of IT led innovation. A trusted long-term service provider to Fortune 500 companies across both the software product development and enterprise business segments, Sonata seeks to add differentiated value to leadership to those who want to make an impact on their businesses, with IT.

For further information, please contact:

Nandita Venkatesh Sonata Software Limited CIN-L72200MH1994PLC082110 A.P.S. Trust Building, Bull Temple Road, N.R. Colony Bangalore 560019, India Tel: +91 80 67781999 nandita.v@sonata-software.com