BANGALORE, INDIA: The board of directors in a meeting held at Mumbai, went on to record audited accounts of Sonata Software Limited for the quarter ended 30th June, 2008.
Sonata Software Limited Consolidated
|
Q1 08-09
|
Q1 07-08
|
Growth
|
|
|
|
|
Revenue
|
405.62
|
354.63
|
14%
|
EBITD
|
37.64
|
35.41
|
6%
|
PAT
|
17.81
|
14.00
|
27%
|
|
|
|
|
Sonata Software Limited Stand alone
(Rs. in Crs.)
|
Q1 08-09
|
Q1 07-08
|
Growth
|
|
|
|
|
Revenue
|
55.35
|
46.20
|
20%
|
EBITD
|
16.66
|
10.81
|
54%
|
PAT
|
13.27
|
7.74
|
72%
|
|
|
|
|
Consolidated:
· PAT for the Quarter was Rs. 17.81cr. up 27 percent Y.O.Y
· EPS (Annualised) at Rs. 6.78 as compared to Rs. 5.33 for the same quarter of last year
· RONW (Annualised) at 29.97 percent as compared to 26.08 percent for the same quarter of last year
· ROCE (Annualised) at 31.33 percent as compared to 23.75 percent same quarter of last year
· Prepayment of the balance loan of Euro 4.5 million during the quarter.
Sonata Software Limited stand alone:
· PAT at Rs. 13.27 cr. up 72 percent Y.O.Y
· RONW (Annualised) at 25.79 percent as compared to 15.95 percent for the same quarter of last year
· ROCE (Annualised) at 26.25 percent as compared to 16.19 percent for the same quarter of last year
· EBITD at 29.50 percent as compared to 23.38 percent for the same quarter of last year
Recognitions
· Sonata Software ranks among NASSCOM’s Top 20 IT Software and Service Exporters list for FY07-08
· Sonata Software achieved 2nd runner up position in the IT and ITES (excluding hardware) sector under the large exporters category for D&B – ECGC Indian Exporters’ Excellence Awards
· Microsoft Gold Certification for competency in Information Worker Solutions
· Microsoft approved partner for SharePoint Deployment Planning Services (SDPS)
· Value added distributor of the year 2008 from Oracle
B Ramaswamy, president & managing director, Sonata, stated, “Growth in this quarter is accompanied by significant improvements in key parameters like operating margins, return on capital employed and return on net worth. The balance sheet has been further strengthened by the prepayment of loan, which offers tremendous leverage for inorganic growth “.
REVENUE (Rs. in Crs.)
|
Quarter 1 08-09
|
International
|
239.17
|
Domestic
|
166.45
|
Consolidated *
|
405.62
|
|
|
International
|
|
Sonata Software Limited
|
55.35
|
ODSi
|
12.88
|
Sonata Software GmbH
|
1.88
|
Sonata Europe Limited
|
0.47
|
TUI InfoTec GmbH
|
189.15
|
Domestic
|
|
SITL
|
166.45
|
PROFIT AFTER TAX (Rs. in Crs.)
|
Quarter 1 08-09
|
International
|
14.99
|
Domestic
|
2.82
|
Consolidated *
|
17.81
|
|
|
International
|
|
Sonata Software Limited
|
13.27
|
ODSi
|
0.65
|
Sonata Software GmbH
|
0.13
|
Sonata Europe Limited
|
(1.26)
|
TUI InfoTec GmbH**
|
2.50
|
Domestic
|
|
SITL
|
2.82
|
* Consolidated revenue and profit after tax are after elimination of inter company transactions.
* Sonata’s share of 50.1 percent of the profit
Consolidated:
· Revenue for the quarter was Rs. 405.62 cr.up 14 percent Y.O.Y
· Cash generation from operations was Rs. 17.39 cr
· Cash reserves as on 30.06.08 was Rs. 66.97 cr
Sonata Software Limited stand alone:
· Revenue for the quarter was Rs 55.35 cr. up 20 percent Y.O.Y
· Revenue in US dollars up 15 percent Y.O.Y
· Cash generation from operations was Rs. 9.98 cr.
· Four new clients added during the quarter
· EPS (Annualised) at Rs. 5.05 as compared to Rs. 2.94 for the same quarter of last year