Net profit of Sonata Software declined 3.00% to Rs 110.36 crore in the quarter ended March 2024 as against Rs 113.77 crore during the previous quarter ended March 2023. Sales rose 14.53% to Rs 2191.61 crore in the quarter ended March 2024 as against Rs 1913.50 crore during the previous quarter ended March 2023.For the full year,net profit declined 31.73% to Rs 308.50 crore in the year ended March 2024 as against Rs 451.90 crore during the previous year ended March 2023. Sales rose 15.63% to Rs 8613.06 crore in the year ended March 2024 as against Rs 7449.12 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2191.611913.50 15 8613.067449.12 16 OPM %6.587.92 -8.458.11 - PBDT177.25169.40 5 767.97656.41 17 PBT143.58150.48 -5 636.04597.28 6 NP110.36113.77 -3 308.50451.90 -32 Powered by Capital Market - Live News

Sonata Software announced that the Board of Directors of the Company at its meeting held on 07 May 2024, has recommended a Final dividend of Rs.4.40 per share (i.e.440%), subject to the approval of the shareholders.Powered by Capital Market - Live News

Sonata Software will hold a meeting of the Board of Directors of the Company on 7 May 2024.Powered by Capital Market - Live News

Sonata Software announced that it has signed a joint Go-to-Market agreement with Zones, LLC, a global provider of end-to-end IT solutions and cloud managed services. As part of the five-year partnership, Zones and Sonata Software will support cost efficiency and data optimization through joint offerings and delivery of industry-specific solutions. This partnership will enable customers to modernize their technology footprint and realize the benefits of moving to the cloud.Sonata Software brings extensive application services experience and proven approaches to support customers with their application migration and modernization efforts. Zones provides a suite of offerings and solutions to support customers in their end-to-end digital journey. From environment assessments to hardware refresh and cloud-managed services, Zones provides an always-on approach toward customer support.Powered by Capital Market - Live News

Sonata Software in a significant step to accelerate the adoption of responsible-first AI across enterprises has announced the integration of Sonata Harmoni.AI with Microsoft Azure AI service. This integration complements Sonata`s collaboration with Microsoft Fabric and its position as a Microsoft AI Partner Council member. Listed on Azure Marketplace, Sonata Harmoni.AI is the responsible-first AI offering with a bouquet of Industry solutions, service delivery platforms, and accelerators using Generative AI. This integration of Sonata Harmoni.AI with Microsoft Azure AI empowers customers with Responsible first solutions that underscore robust data security, privacy features, and governed utilization of generative AI. Utilizing Microsoft Azure AI services, Sonata Harmoni.AI will fuel the institutionalization of Generative AI solutions and allow customers to differentiate in the marketplace, enhancing both customer experience and operational efficiency.Powered by Capital Market - Live News