Financial Daily from THE HINDU group of publications
Friday, Jul 18, 2003

News
Features
Stocks
Port Info
Archives

Group Sites

Corporate Results - Software
Info-Tech - Financial Performance


Sonata Q1 PAT down 20 pc

Our Bureau

Bangalore , July 17

SONATA Software has declared a lower profit after tax of Rs 2.54 crore for the first quarter, down from Rs 3.19 crore during the corresponding previous period, a decline of 20 per cent.

Revenues fell five per cent to Rs 18.72 crore against Rs.19.72 crore earlier. In a sequential comparison, the net is down 38 per cent over the last quarter of the previous year (Rs 4.12 crore), while revenues fell by 12 per cent (Rs 21.35 crore).

The EBIDTA during the period stood at Rs 3.21 crore, down 22 per cent from Rs 4.14 crore earlier. The PAT fell 36 per cent while revenues fell 19 per cent over the corresponding previous period.

According to a release, it added four new clients and derived about 59 per cent of its revenues from Europe and 40 per cent from the US.

The offshore-onsite mix stood at 60:40.

Total cash generated during the quarter was Rs 2.5 crore, the release added.

The impact of the clearing of uncertainty caused by the Iraq war and the SARS crisis will be felt in the coming quarters, the company said.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Coromandel Fert turnover down in first quarter


Marico PAT up 14% on higher sales
Aftek Infosys net rises 25 per cent
Geometric Software net up 15.8 pc in Q1
Software services lift NIIT net to Rs 3.4 cr
Sonata Q1 PAT down 20 pc
Gujarat NRE raises turnover target to Rs 180 crore


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line