IT company Sonata Software on August 28 said it has bagged a major multi-million dollar strategic IT outsourcing deal from US-based US-based premier Healthcare and Wellness company.
The total deal amount has not been disclosed by the mid-cap company yet.
Sonata Software, which has a market capitalisation of Rs 17,554.59 crore, offers IT services to travel, retail, agri & commodities, manufacturing, and software vendors.
The Bengaluru-headquartered company, in an exchange filing, said it will support the client to optimise IT budgets and cost efficiencies through systemic improvements and engineering levers and modernizing their technology landscape by leveraging Enterprise data, Artificial Intelligence, and hyper-automation across patient-facing systems, and back-office operations.
"The company's primary focus is delivering personalized, high-quality care that addresses the unique needs of vulnerable patients and underserved populations in challenging clinical environments and other behavioral health settings," it said.
"This significant deal win underscores our commitment to leveraging deep engineering expertise to solve complex business problems for our Healthcare and Lifesciences clients," said Samir Dhir, Managing Director and Chief Executive Officer at Sonata Software.
On August 28, shares of the company ended flat at Rs 626.60 per share on the NSE, down marginally by 0.50 percent.
The company recorded a 4.3 percent quarter-on-quarter dip in consolidated net profit at Rs 105.60 crore. On a year-on-year basis, the profit fell 12 percent.
Shares have gained 136.24 percent in the last two years, delivering multibagger returns to the shareholders.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
