Sonata Software surges 5% on securing multi-year AI deal from Fortune 500 company

Out of seven brokerages covering the stock, five have issued a ‘buy’ rating, with two recommending a ‘hold.’

Sonata Software’s stock surged 5 percent to Rs 613 on October 23 after the company secured a significant multi-year managed services contract from a Fortune 500 manufacturing giant. The partnership will focus on deploying an AI-driven, scalable operational framework to accelerate the client's global expansion and digital transformation.

Through this long-term agreement, Sonata Software will assist the manufacturing leader in modernising its operations and delivering a seamless, unified user experience at scale. The collaboration leverages AI-powered solutions and industry best practices to enhance operational efficiency, ensuring both productivity gains and a strong return on investment.

The Fortune 500 client, known for developing innovative packaging solutions aligned with the principles of the circular economy, has also expanded its footprint over the years through multiple acquisitions.

“We are excited to offer our comprehensive Cloud and infrastructure expertise to provide the client with a tailored full-stack ITSM solution,” said Anthony Lange, Chief Revenue Officer at Sonata Software.

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Sonata Software offers a range of IT services and software solutions to clients worldwide. Its services include cloud and data modernisation, Microsoft Dynamics modernisation, digital contact centre setup and management, managed cloud services, digital transformation, business app modernisation, platformation consulting, and data analytics.

According to analysts at Prabhudas Lilladher, Sonata’s FY25 revenue growth is projected to be in the low double digits, with key sectors like Technology, Media, and Telecom (TMT), Banking & Financial Services (BFSI), and Healthcare driving recovery. However, retail demand is expected to remain subdued for the next few quarters.

Out of seven brokerages covering the stock, five have issued a ‘buy’ rating, with two recommending a ‘hold.’

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