IT services firm Sonata Software<\/a> reported a 29% drop in net profit<\/a> for the quarter ended December 2020 at Rs 53.8 crore. Revenues for the quarter were up 13% at Rs 1,396.2 crore. The company made a provision for income tax settlement the Vivad se Vishwas Scheme for RS 15.6 crore for international IT Services and Rs 6.2 crore for domestic products & services. Consequently, contingent liability (based on the original demand as per order) has been reduced by Rs 33.7Crores for International IT Services and Rs15.3 crores for Domestic Products & Services, it said in a statement. 公司为所得税结算条款Vivad se Vishwas国际IT服务和方案15.6卢比6.2卢比对国内产品和服务。 IT服务公司奏鸣曲软件下降了29%净利润截至2020年12月的季度53.8卢比。本季度收入增长13%至1396。2卢比。公司为所得税结算条款Vivad se Vishwas国际IT服务和方案15.6卢比6.2卢比对国内产品和服务。因此,或有负债按顺序)(基于最初的需求已经减少了Rs 33.7卢比国际IT服务和Rs15.3卢比对国内产品和服务,它在一份声明中说。
“The results for the quarter reflect all round growth across different segments of the business, growth especially in the digital business resulting in highly profitable growth. This is a clear indication that our overall strategy of building digital enterprises<\/a> by creating platforms through our unique ‘Platformation’ methodology is more relevant in the current context with greater reliance and investments by enterprises in digitization and automation,” said Srikar Reddy, Managing Director & CEO, Sonata Software.
The company added eight new clients during the quarter and reported strong growth from digital based competencies like managed cloud services and digital platformation services (Microsoft & Open source) and focused verticals like ISV, Retail (Essential) and Commodity Business & Service Industry.
Domestic business revenues were up 110% sequentially at Rs 1,099 crores. The company said that this was driven by multiyear cloud-based annuity deals. More than 60% of revenue was from cloud-based deals. About 82% of gross margin from customers with turnover (customer’s revenue) more than 1,000 crore and more than 60% of gross margin was earned from repetitive customers with more the 5 years of association.
“We have become a much stronger organization in the quality of clients, relationships, and internal investments, in creating world class competencies aligned to ‘Platformation’ across platform engineering, cloud transformation, data analytics and Microsoft Dynamics. Specifically, we would like to mention the GBW investment made which is focussed on delivering platform based CX(customer experience) is holding premise and differentiation to our digital offering. With clear visibility and business opportunity in the immediate future, we are focused now on investing for long term growth, in talent acquisition and transformation, IP and competency development,” said Reddy. The company announced compensation revision effective January 1st, 2021.
<\/p><\/body>","next_sibling":[{"msid":80699149,"title":"Microsoft launches new employee experience platform 'Viva'","entity_type":"ARTICLE","link":"\/news\/microsoft-launches-new-employee-experience-platform-viva\/80699149","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"80690822","title":"loss","entity_type":"IMAGES","seopath":"markets\/stocks\/earnings\/sonata-software-q3-results-net-profit-falls-29-to-rs-54-crore\/loss","category_name":"Sonata Software Q3 results: Net profit falls 29% to Rs 54 crore","synopsis":"Contingent liability (based on the original demand as per order) has been reduced by Rs 33.7Crores for International IT Services and Rs15.3 crores for Domestic Products & Services, it said in a statement. ","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-206431\/80690822.cms?width=150&height=112","link":"\/image\/markets\/stocks\/earnings\/sonata-software-q3-results-net-profit-falls-29-to-rs-54-crore\/loss\/80690822"},{"msid":"80690064","title":"REC Q3 results: Profit surges 35% to Rs 2,258 cr","entity_type":"ARTICLE","seopath":"markets\/stocks\/earnings\/rec-q3-results-profit-surges-35-to-rs-2258-cr","category_name":"Earnings","synopsis":"Total income rose to Rs 9,089.46 crore in the quarter from Rs 7,716.72 crore in the same period a year ago.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-234363\/80690064.cms?width=150&height=112","link":"\/news\/markets\/stocks\/earnings\/rec-q3-results-profit-surges-35-to-rs-2258-cr\/80690064"},{"msid":"80690107","title":"Tata Power Q3 results: Net profit rises 22%, company says repaid CGPL debt","entity_type":"ARTICLE","seopath":"markets\/stocks\/earnings\/tata-power-q3-results-net-profit-rises-22-to-rs-318-cr","category_name":"Earnings","synopsis":"Tata Power reported a consolidated revenue of Rs 7,740 crore in the December quarter, up 8% on year.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-421314\/80690107.cms?width=150&height=112","link":"\/news\/markets\/stocks\/earnings\/tata-power-q3-results-net-profit-rises-22-to-rs-318-cr\/80690107"},{"msid":"80690147","title":"Bajaj Electricals Q3 results: Net profit zooms to Rs 98 cr","entity_type":"ARTICLE","seopath":"markets\/stocks\/earnings\/bajaj-electricals-q3-results-net-profit-zooms-to-rs-98-cr","category_name":"Earnings","synopsis":"The company had posted a net profit of Rs 9.37 crore in the year-ago period, Bajaj Electricals said in a regulatory filing.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-217265\/80690147.cms?width=150&height=112","link":"\/news\/markets\/stocks\/earnings\/bajaj-electricals-q3-results-net-profit-zooms-to-rs-98-cr\/80690147"}],"msid":80699167,"entity_type":"ARTICLE","title":"Sonata Software Q3 results: Net profit falls 29% to Rs 54 crore","synopsis":"The company made a provision for income tax settlement the Vivad se Vishwas Scheme for RS 15.6 crore for international IT Services and Rs 6.2 crore for domestic products & services. ","titleseo":"telecomnews\/sonata-software-q3-results-net-profit-falls-29-to-rs-54-crore","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2021-02-05 08:26:47","lastupd":"2021-02-05 08:27:25","breadcrumbTags":["Sonata Software","net profit","loss","earnings","Enterprise Services","digital enterprises","Sonata Software Q3","Quarter Earnings"],"secinfo":{"seolocation":"telecomnews\/sonata-software-q3-results-net-profit-falls-29-to-rs-54-crore"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2021-02-05" data-index="article_1">
奏鸣曲软件结果:第三季度净利润下跌29%,至54个卢比
“四周的季度业绩反映出不同领域的业务增长,增长特别是在数字业务导致高盈利的增长。这是一个清楚地表明,我们建设的总体战略数字企业通过创建平台通过我们独特的“Platformation”方法是更相关的当前上下文中的更大的依赖和企业投资的数字化和自动化,“Srikar Reddy说,总裁兼首席执行官,索纳塔的软件。
国内业务收入环比增长110%在Rs 1099卢比。该公司表示,这是由多年云计算年金的交易。超过60%的收入来自云的交易。大约82%的毛利率从营业额(客户的收入)的顾客超过1000卢比,超过60%的毛利率从重复的客户那里获得了更多的5年的协会。
“我们已经成为了一个更强的组织客户,质量的关系,和内部投资,创建世界级的能力一致“Platformation”在平台工程、云变换,数据分析和微软动态。具体地说,我们想要提到GBW投资集中在交付平台CX(用户体验)控股的前提和分化我们的数字。明显的可见性和商业机会在不久的将来,我们现在关注长期投资增长,人才收购和转换,IP和能力发展,”Reddy说。2021年1月1日,该公司宣布补偿修正有效。
IT services firm Sonata Software<\/a> reported a 29% drop in net profit<\/a> for the quarter ended December 2020 at Rs 53.8 crore. Revenues for the quarter were up 13% at Rs 1,396.2 crore. The company made a provision for income tax settlement the Vivad se Vishwas Scheme for RS 15.6 crore for international IT Services and Rs 6.2 crore for domestic products & services. Consequently, contingent liability (based on the original demand as per order) has been reduced by Rs 33.7Crores for International IT Services and Rs15.3 crores for Domestic Products & Services, it said in a statement.
“The results for the quarter reflect all round growth across different segments of the business, growth especially in the digital business resulting in highly profitable growth. This is a clear indication that our overall strategy of building digital enterprises<\/a> by creating platforms through our unique ‘Platformation’ methodology is more relevant in the current context with greater reliance and investments by enterprises in digitization and automation,” said Srikar Reddy, Managing Director & CEO, Sonata Software.
The company added eight new clients during the quarter and reported strong growth from digital based competencies like managed cloud services and digital platformation services (Microsoft & Open source) and focused verticals like ISV, Retail (Essential) and Commodity Business & Service Industry.
Domestic business revenues were up 110% sequentially at Rs 1,099 crores. The company said that this was driven by multiyear cloud-based annuity deals. More than 60% of revenue was from cloud-based deals. About 82% of gross margin from customers with turnover (customer’s revenue) more than 1,000 crore and more than 60% of gross margin was earned from repetitive customers with more the 5 years of association.
“We have become a much stronger organization in the quality of clients, relationships, and internal investments, in creating world class competencies aligned to ‘Platformation’ across platform engineering, cloud transformation, data analytics and Microsoft Dynamics. Specifically, we would like to mention the GBW investment made which is focussed on delivering platform based CX(customer experience) is holding premise and differentiation to our digital offering. With clear visibility and business opportunity in the immediate future, we are focused now on investing for long term growth, in talent acquisition and transformation, IP and competency development,” said Reddy. The company announced compensation revision effective January 1st, 2021.
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