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Sonata Q1 net at Rs 4.32 cr

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CIOL Bureau
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NEW DELHI: Sonata Software Ltd has recorded a profit after tax of Rs 4.32 crore for the quarter ended June 30, 2004 as compared to Rs 2.11 crore for the corresponding quarter last year.



The company's consolidated revenue was Rs 78.83 crore for the quarter ended June 30, 2004 as compared to Rs 48.23 crore for the corresponding quarter last year.



Speaking on the occasion, Sonata president and managing director, B Ramaswamy stated, "The growth in this quarter has been the result of a conscious strategy to build scalable relationships with customers. Spurred by the success of this strategy, we are expanding operations with a third development center in Bangalore and increasing the headcount".



Six new clients and 123 new employees were added during the quarter.

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