Sonata Software Ltd’s Q4FY23 Results

This is a brief analysis of fourth quarter results of Sonata Software Limited.

The company posted strong growth figures in the quarter. Revenues increased quite significantly, with y-o-y growth of 30.7% in rupee terms. The international business grew at 28.9% y-o-y and domestic at 31.6%. There was a sequential decline due to the seasonality in contracting and billing cycles of the domestic business. International business grew 8.6% q-o-q in $ terms; within that organic grew 4.5% and balance was contributed by the newly acquired Quant systems.

For Q3 results you may click here: Sonata Software Ltd reported 22% y-o-y growth in Q3 revenues