Sonata Software Consolidated Q1 net at Rs.14 Crs, UP 46% Y.O.Y

Mumbai, July 16, 2007 The Board of Directors at its Meeting held here today, took on record the audited accounts of Sonata Software Limited for the quarter ended 30th June 2007.

The consolidated revenue for the quarter ended 30th June, 2007 was Rs.3518.6 mn as compared to Rs.1081.6 mn for the same quarter last year an increase of 225% ; EBITD was Rs.354.1 mn as compared to Rs.143.9 mn for the same quarter last year an increase of 146% and PAT was Rs.140 mn as compared to Rs.96.2 mn for the same quarter last year an increase of 46%.

Speaking on the occasion, Mr. B Ramaswamy, President & Managing Director, stated that, "The results of the quarter reflect our relentless drive to deliver utmost value to our customers. We believe that this differentiation will continue to drive our growth".

The stand-alone Earnings Per Share (EPS) for Q1 2007-2008 stood at Rs.0.74 compared to Rs.0.83 in the same quarter last year (2006-2007).

The stock closed the day at Rs.57.50, up by Rs.3.15 or 5.80%. The stock hit an intraday high of Rs.61 and low of Rs.54.50. The total traded quantity was 263332 compared to 2 week average of 24948.

Source : Equity Bulls

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