Sonata declares Third Quarter Results

Sonata declares Third Quarter Results - Q3 net up 48% at Rs.42.26 Mn
Mumbai, January 11, 2005.

The Board of Directors, at its meeting held here today, took on record the Audited Accounts of Sonata Software Ltd for the Quarter & Nine Months ended 31st December 2004.

The Company's revenue was Rs. 252.84 million for the Quarter ended 31 December 2004 as compared to Rs. 163.83 million for the same Quarter last year. PAT was at Rs. 42.26 million for the Quarter ended 31 December 2004 as compared to Rs. 28.62 million for the same Quarter last year.

Speaking on the occasion, Mr. B. Ramaswamy, President & Managing Director stated, "The growth has been as a result of consolidation of customer relationships. The Company continues to invest in infrastructure and development facilities to meet its customers' expanding needs."


HIGHLIGHTS

Sonata Software Limited Q3 ending 31 Dec 2004 - Quarter on Quarter Comparison
Rs. In Millions
	Quarter ended		Growth %
	31.12.04	31.12.03
Revenue	252.84	163.83	54%
Profit Before Tax	47.30	32.14	47%
Profit After Tax	42.26	28.62	48%

Sonata Software Limited Q3 ending 31 Dec 2004 - Sequential Comparison
Rs. In Millions
	Quarter ended		Growth %
	31.12.04	30.09.04
Revenue	252.84	242.64	4%
Profit Before Tax	47.30	45.19	5%
Profit After Tax	42.26	39.65	7%

Segment Revenue-Consolidated Q3 ending 31 Dec 2004 - Quarter on Quarter Comparison
Rs. In Millions
	Quarter ended		Growth %
	31.12.04	31.12.03
Domestic (Sales & Services)	551.68	313.51	76%
International (Software Service Exports)	325.15	194.07	68%
Total	876.83	507.58	73%

Operating Highlights for the Quarter ended 31 Dec 2004

• Four new clients were added during the Quarter.
• The geographical spread was USA 49% & Europe 51%.
• Cash generation from operations for the Quarter ended is Rs.60.61 million.
• The Company has 1225 employees as on 31st December 2004.
• Receivables as number of day's sales have reduced from 89 to 81 days.