Sonata Software profit dips 1.4% QoQ on top client ramp-down

February 6, 2025

, By The Economic Times

Sonata Software profit dips 1.4% QoQ on top client ramp-down

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Mid-tier IT services company rel=”dofollow” href=”https://economictimes.indiatimes.com/sonata-software-ltd/stocks/companyid-4558.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Sonata Software has reported profit of Rs 105 crore for the third quarter ending December 2024 from a loss of Rs 46 crore in the same quarter a year ago. Profit was helped by robust domestic business and steady international services growth.However, sequentially, profit was lower by 1.4% from Rs 106.5 crore in the preceding quarter ending September 2024 impacted by a 3% margin erosion due to its top client’s deal ramp-down during the quarter.

Its margins narrowed sharply to 4.6% for the third quarter as against 6.7% for…

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Sonata Software profit dips 1.4% QoQ on top client ramp-down

February 6, 2025

, Published By The Economic Times

Sonata Software profit dips 1.4% QoQ on top client ramp-down

Mid-tier IT services company rel=”dofollow” href=”https://economictimes.indiatimes.com/sonata-software-ltd/stocks/companyid-4558.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Sonata Software has reported profit of Rs 105 crore for the third quarter ending December 2024 from a loss of Rs 46 crore in the same quarter a year ago. Profit was helped by robust domestic business and steady international services growth.However, sequentially, profit was lower by 1.4% from Rs 106.5 crore in the preceding quarter ending September 2024 impacted by a 3% margin erosion due to its top client’s deal ramp-down during the quarter.

Its margins narrowed sharply to 4.6% for the third quarter as against 6.7% for…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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