Sonata Software posted mixed set in Q3. Revenues have jumped 80 percent but margins have fallen to 8.5 percent, impacted by the domestic products segment.
Everyone is talking about digital transformation of the businesses, said Prasanna Oke, CFO of Sonata Software.
In an interview to CNBC-TV18, Prasanna Oke, CFO of Sonata Software spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Prasanna Oke, CFO of Sonata Software spoke about the results and his outlook for the company.
A robust pipeline as well recent acquisition of US IT solutions company IBIS will aid growth in FY17, says Prasanna Oke, CFO of Sonata Software.
Sonata Software in October, 2015 acquired US based supply chain software and service provider IBIS for USD 14 million.
Sonata Software posted a 14.8 percent rise in its third quarter consolidated net profit at Rs 35.7 crore against Rs 31.1 crore on a sequential basis.
N Venkatraman, chief financial officer, Sonata Software says the company is aiming to maintain its IT business margins at 20 percent.