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2 min read | Updated on May 02, 2025, 12:22 IST
SUMMARY
Sonata Software shares rose over 6% after securing a $73 million deal, the second-largest in its history, from a major US TMT firm. The deal includes setting up an AI-enabled modernisation engineering centre in India focused on cloud, cybersecurity, and automation.
Stock list
Sonata Software secured the second-largest deal in the company’s history, worth $73 million
The stock saw traded volume of over 3.16 crore shares worth ₹1,414 crore. Meanwhile, its total market cap stood at ₹12,785 crore. Sonata Software shares rose over 21% in April month, while year-to-date the stock is down 23%.
Sonata Software stock is in the spotlight after the company secured the second-largest deal in the company’s history. This new deal, worth $73 million, comes from a major US-based company operating in the technology, media, and telecom (TMT) sector.
As part of this new deal, Sonata will establish a dedicated AI-enabled modernisation engineering centre in India. The program will cover critical areas, including platform engineering, cloud transformation (Amazon Cloud), enterprise systems (Salesforce, Workday), cybersecurity, data services, and modern application development—all built on a foundation of automation and scalable engineering practices.
Earlier this month, Sonata Software informed that it expects Q4FY25 revenue to be lower than anticipated from its largest client. As a result, international business revenue could fall during the March quarter compared to previous estimates. The company is yet to announce its March quarter results.
In December quarter, the company reported 14% You rise in consolidated revenue to ₹2,843 crore, while its net profit stood at ₹105 crore compared to net loss of 46 crore in the same quarter of FY24.
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