Sonata Software Consolidated Q1 FY11 Net Profit at Rs. 18.23 Cr

Mumbai, July 20, 2010 - Leading Indian software solutions company,
Sonata Software Ltd. today reported its audited financial results for
the quarter and the financial quarter ended 30th June, 2010.

Highlights:
Sonata Software Ltd. – Stand Alone
o Revenue for the quarter at US$ 13.62 Mn ( US$ 11.82 Mn ) up 15% YoY
o Revenue for the quarter at Rs. 63.00 Cr ( Rs. 56.86 Cr ) up 11% YoY
o EBIDTA for the quarter at Rs. 18.17 Cr ( Rs. 16.18 Cr ) up 12% YoY
o Net profit for the quarter at Rs. 14.86 Cr ( Rs. 13.39 Cr ) up 11% YoY
o Earnings per share for the quarter at Rs. 5.65 ( Rs. 5.09 ) up 11% YoY
o RONW and ROCE for the quarter at 20% ( 23% )
o Cash from operations for the quarter Rs. 19.26 Cr ( Rs. 18.49 Cr )
o Cash Reserves : Rs. 57.87 Cr ( Rs.30.53 Cr )
Sonata Software Ltd. – Consolidated
o Net profit for the quarter at Rs. 18.23 Cr ( Rs. 17.76 Cr ) up 3% YoY
o Earnings per share for the quarter at Rs. 6.92 ( Rs. 6.76 ) up 3% YoY
o RONW & ROCE for the quarter at 20% ( RONW 25% & ROCE 27%)
o Consolidated Cash Reserves : Rs. 107.09 Cr ( Rs.96.35 Cr )
* Figures shown in brackets pertains to Q1 09-10

Management Comments:

Commenting on the results, Mr. B. Ramaswamy, President and Managing
Director, Sonata Software Limited
said, “Growth from top 10 customers and building up of a strong
pipeline have been the hall marks of this quarter.
Inspite of the challenges on account of Europe and currency, we have
witnessed growth which is very positive”.

Significant Projects:

Sonata is helping a leading supplier of taxi management services in
the UK streamline their operations by using stateof-
the-art software and hosting solutions. Sonata’s immense expertise in
Travel and Hospitality industry is enabling
the customer to operate efficiently and gain a competitive edge by
providing new and improved customer service. The
engagement is also helping the customer to expand into new business
areas through B2B channels.

For a leading provider of water and waste management services in the
UK, Sonata is implementing an integrated and
scalable Enterprise Resource Planning (ERP) solution to help them
address their need for a flexible IT environment.
The implementation of Oracle Release 12 (R12) E-Business Suite
adopting a Service-Oriented Architecture (SOA) will
help the customer overcome their operational challenges, reduce costs,
and deliver better customer service.

A large supply chain and logistics ISV had earlier engaged Sonata to
integrate their Transportation Optimization

Planning System with SAP Order Processing and Execution System. As
part of their larger program they have now
retained Sonata to integrate their Workforce Management System as
well. This will result in seamless and reliable
operations for the customer, and will support process-centric
collaboration between SAP and non-SAP components.

For a leading public sector bank, Sonata has developed a Knowledge
Management solution to facilitate seamless
content and information access for its call centre agents. Based on
IBM Web Sphere Portal Server, the portal will
serve as a ready reference to all bank products and help the call
centre agents to respond to the customer queries
efficiently.

A leading provider of web-based software solutions, managing large
numbers of geographically dispersed operating
sites, assets, and real estate properties in the US has engaged Sonata
to help them in their product enhancement,
customization and product testing activities.

For a globally diversified investment institution, Sonata is
developing a collaborative platform using Microsoft
SharePoint 2010. The portal solution will aid in effective
communication, collaboration and knowledge sharing across
the organisation thereby enhancing team productivity and business agility.

Sonata Software Ltd Financial results - Consolidated ( In Rs. Cr. )
Revenues Quarter 1 10-11 Quarter 1 09-10 Year 09-10
International 197.19 2 17.76 879.76
Domestic - Sonata Information Technology Ltd.* 134.97 1 60.26 500.68
Consolidated 333.31 3 78.02 1,380.44
EBIDTA Quarter 1 10-11 Quarter 1 09-10 Year 09-10
International 32.15 3 5.26 156.93
Domestic - Sonata Information Technology Ltd.* 5.49 3 .06 14.15
Consolidated 37.63 3 8.32 171.09
PAT Quarter 1 10-11 Quarter 1 09-10 Year 09-10
International 14.80 1 6.12 71.33
Domestic - Sonata Information Technology Ltd.* 3.43 1 .64 8.54
Consolidated 18.23 1 7.76 79.87
Notes :
1) Consolidated Revenue, EBIDTA and PAT are after elimination of inter
company transactions
2) Sonata Software Limited Consolidated includes Sonata Software
Limited, Sonata Information Technology
Limited, TUI InfoTec, Sonata Software Noth America Inc. ( Formerly
known as Offshore Digital Services Inc.),
Sonata Software GmbH, Sonata Europe Limited and Sonata Software FZ LLC.
3) International comprises of Sonata Software Limited, Sonata Software
Noth America Inc. ( Formerly known
as Offshore Digital Services Inc.), Sonata Software GmbH, TUI Infotec,
Sonata Europe Limited and Sonata
Software FZ LLC.
4) *Domestic - Sonata Information Technology Ltd. Is after elimination
of inter company transactions
5) Consolidated PAT is after minority interest
6) Other Income in Sonata Software Ltd. Includes gains on account of
foreign exchange variations of Rs. 4.22 crores
and 2.28 crores in the Consolidated financials.

About Sonata Software Limited

Sonata Software, headquartered in Bangalore, India, is a leading IT
consulting and services company. Sonata's
customers are located across the US, Europe, Middle East and the
Asia-Pacific region. Its portfolio of services
includes IT Consulting, Product Engineering Services, Travel
Solutions, Application Development, Application
Management, Managed Testing, Business Intelligence, Infrastructure
Management and Packaged Applications. As
per the industry rankings released by NASSCOM for FY08-09, Sonata
Software figured among the Top 20 IT
Software and Service Exporters in India. Sonata Software has also been
ranked global #2 in the 2008 Top Ten ESO:
Outsourced Software Development in The Black Book of Outsourcing.

Sonata’s subsidiaries include (1) TUI InfoTec – Sonata’s Joint Venture
with TUI, Europe’s largest tourism group, (2)
Sonata Software North America Inc – Sonata’s arm in the US, which
provides development and consulting services to
clients, using an onsite-offshore delivery model, (3) Sonata Software
FZ LLC – Sonata’s fully-owned subsidiary that
provides value-based IT solutions to customers in the Middle East and
(4) Sonata Information Technology Limited
which is premier software services and product distribution company
with India-focused business operations.

For further information, please contact:

Swati Sengupta
Sonata Software Limited
A.P.S. Trust Building,
Bull Temple Road, N.R. Colony
Basavanagudi,
Bangalore 560019, India
Tel : +91 80 30971999
swati.sengupta@sonata-software.com
www.sonata-software.com