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

Sonata Software announced its plan to set up a delivery centre in Krak�w, Poland. The nearshore centre will support the growing demands for business transformation, modernisation and cost optimisation initiatives, from global clients in Europe. The move is part of its strategic expansion plans in key markets. Poland, with its rich tech talent pool, favorable economic environment, and best-in-class IT infrastructure, emerges as an ideal location for international companies seeking reliable and highly specialized software houses. Sonata Software plans to make significant investment in the delivery centre in Poland with an aim to advance its regional capabilities, to offer enhanced value to its clients by enabling close-to-client service delivery, and to penetrate the European market effectivelyPowered by Capital Market - Live News

Net loss of Sonata Software reported to Rs 46.16 crore in the quarter ended December 2023 as against net profit of Rs 117.66 crore during the previous quarter ended December 2022. Sales rose 10.29% to Rs 2493.35 crore in the quarter ended December 2023 as against Rs 2260.78 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2493.352260.78 10 OPM %8.336.91 - PBDT205.28168.96 21 PBT171.56155.34 10 NP-46.16117.66 PL Powered by Capital Market - Live News