What is Sonata Software's outlook for FY25 and what are the factors driving it?
The industry is expected to witness a 5-6 per cent year-on-year (Y-o-Y) growth in FY25. At Sonata Software, we are confident of beating this guidance handsomely. The first two quarters (H1FY25) could witness softness as a result of macro-economic uncertainties, delay in decision-making due to cautionary spends, time to ramp up new deals in Quant Systems (the company it acquired last year), and the seasonal impact of business in Quant. We remain optimistic about our long-term growth prospects, bouncing back in H2FY25 with sturdy growth and improved margin performance.
This story is from the July 02, 2024 edition of Business Standard.
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This story is from the July 02, 2024 edition of Business Standard.
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