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Sonata Software Recommends Final Dividend of 440% for FY 25 and Delivers QoQ EBITDA Margin Growth of 1.9% for the International IT Services

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MUMBAI, India, May 7, 2025 /PRNewswire/ — Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, today reported its audited financial results for its Financial Year ended March 31, 2025.

 

in ₹ Crores

Description

    For the Quarter ended 

    For the year ended 

31-Mar-25

31-Dec-24

QoQ

31-Mar-24

YoY

31-Mar-25

31-Mar-24

YoY

Revenues

International IT Services

702.3

731.7

-4 %

679.0

3 %

2,829.7

2,679.6

6 %

Domestic- Products & Services  

1,918.2

2,111.1

-9 %

1,514.5

27 %

7,340.6

5,950.5

23 %

Consolidated

2,617.2

2,842.8

-8 %

2,191.6

19 %

10,157.2

8,613.1

18 %

EBITDA#

International IT Services

115.7

107.1

8 %

117.6

-2 %

480.5

563.3

-15 %

Domestic- Products & Services

56.5

56.4

0 %

26.5

113 %

208.6

164.6

27 %

Consolidated

172.7

163.6

6 %

144.1

20 %

689.3

727.5

-5 %

PAT before exceptional item

International IT Services

62.3

56.9

9 %

70.3

-11 %

246.6

319.8

-23 %

Domestic- Products & Services

45.2

48.1

-6 %

40.1

13 %

178.1

163.3

9 %

Consolidated

107.5

105.0

2 %

110.4

-3 %

424.7

483.2

-12 %

PAT after exceptional item

International IT Services

62.3

56.9

9 %

70.3

-11 %

246.6

145.1

70 %

Domestic- Products & Services 

45.2

48.1

-6 %

40.1

13 %

178.1

163.3

9 %

Consolidated

107.5

105.0

2 %

110.4

-3 %

424.7

308.5

38 %

#EBITDA (before Other Income & Fx)

Commenting on the quarterly results, Mr. Samir Dhir, MD & CEO of Sonata Software said, “In Q4, we delivered a QoQ 1.9% improvement in EBITDA. Over FY’25, we secured 11 large deals, including two in the fourth quarter. Our Healthcare and BFSI verticals have grown significantly, scaling from 13% to 35% of our business over the past three years—reflecting the success of our diversification strategy. We remain confident in Sonata’s long-term vision and growth trajectory, as clients increasingly embrace modernization to gain competitive advantage.”

Speaking on the results Mr. Sujit Mohanty, MD & CEO of Sonata Information Technology Limited said, “This quarter, we made steady progress by renewing several key client contracts—many at enhanced values—despite sectoral headwinds. Our continued focus on cloud-led transformation drove improved year-on-year gross contribution and helped us onboard new customers.”

Performance Highlights for FY’25 & Q4’25:

International IT Services:
Revenue for FY’25 was ₹2,829.7 crores, reflecting a YoY growth of 5.6%, Q4’25 stood at ₹702.3 crores, showing a decline of 4.0% QoQ.In USD terms, revenue for FY’25 was $335.5 million, up 3.7% YoY, Q4’25 stood at $81.3 million, showing a QoQ decline of 6.6%.EBITDA (before other income and forex) for FY’25 was ₹480.5 crores, a decline of 14.7% compared to the previous year, Q4’25 stood at ₹115.7 crores, increase by 8% QoQ.PAT after exceptional items for FY’25 was ₹246.6 crores, increase by 69.9% YoY (FY’24 ₹145.1 crores).Q4’25 PAT stood at ₹62.3 crores, increase by 9.5% QoQDSO improved to 61 days in Q4’25, compared to 64 days in Q3’25. (DSO revised based on the industry practices, using TTM revenue and the current debtor balances.)14 new customers were added during the quarter.

Domestic Products & Services: Revenue for FY’25 stood at ₹7,340.6 crores, reflecting a YoY growth of 23.4%. Q4’25 revenue stood at ₹1,918.2 crores, showing a decline of 9.1% QoQ.Gross contribution for FY’25 was ₹299.1 crores, increase by 14.8% YoY. For Q4’25, gross contribution stood at ₹78.4 crores, a decline of 4.3% QoQ.EBITDA (before other income and forex) for FY’25 was ₹208.6 crores, QoQ a YoY growth of 26.8%. Q4’25 EBITDA stood at ₹56.5 crores, showing increase by 0.1% QoQ.PAT for FY’25 stood at ₹178.1 crores, increased by 9.0% YoY, for Q4’25 stood at ₹45.2 crores, a decline of 6.0% QoQ.DSO improved to 46 days in Q4’25, compared to 51 days in Q3’25.ROCE stood at 43.2% in Q4’25, compared to 48.5% in Q3’25.RONW stood at 41.8% in Q4’25, compared to 47.7% in Q3’25.

Consolidated: Revenue for FY’25 stood at ₹10,157.2 crores, reflecting a YoY growth of 17.9%, Q4’25 revenue stood at ₹2,617.2 crores, showing a QoQ decline of 7.9%.EBITDA for FY’25 was ₹689.3 crores, YoY decline of 5.2%, Q4’25 EBITDA stood at ₹172.5 crores, showing increase of 5.8% QoQ.PAT after exceptional items for FY’25 stood at ₹424.7 crores (FY’24 ₹308.5 crores), showing a YoY growth of 37.6%.Q4’25 PAT stood at ₹107.5 crores, increase by 2.4% QoQ.Cash and cash equivalents (net) stood at ₹ 262 Crores in Q4’25(Q3’25 ₹ 176 Crores) against Q4’24 ₹ 441.3 Crores.

About Sonata Software

In today’s market, there is a unique duality in technology adoption. On one side, extreme focus on cost containment by clients, and on the other, deep motivation to modernize their Digital storefronts to attract more consumers and B2B customers.

Sonata Software, with $1 billion revenue, is the leading Modernization company. Our unique Modernization approach through Platformation.AI helps create efficient and agile digital businesses to drive intelligent ecosystems of the future. Our bouquet of Modernization Engineering services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernization platforms.

Our unique and innovative Responsible-first AI offering Sonata Harmoni.AI is a comprehensive platform powered by GenAI and encompasses a variety of industry solutions, service delivery platforms, and accelerators. It is distinguished by its embedded ethics, privacy, security, and compliance. We enable our clients to leverage AI in three different ways: i) driving efficiencies, ii) driving higher consumer experience/modern sales, and iii) driving innovative business models.

Headquartered in Bengaluru, India, Sonata Software has a strong global presence, including key regions North America, UK, Europe, APAC, and ANZ. We are one of the fastest growing IT Services companies and a trusted partner of Fortune 500 companies in Banking, Financial Services and Insurance (BFSI); Healthcare and Lifesciences (HLS); Telecom, Media, and Technology (TMT); and Retail, Manufacturing and Distribution (RMD) space. 

Sonata Software boasts of a very strong partnership with Microsoft, AWS and many others. We are proud member of Microsoft AI Partner Council and have also achieved AWS Generative AI Competency. Also, we are member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric.

About Sonata Information Technology Limited

Sonata Information Technology Limited, our Domestic Business, partners with Indian enterprise customers in their digital transformation journeys. As a digital transformation partner, it helps enterprises adopt and scale cloud solutions, fostering innovation and growth. It also helps customers in managing & maintaining their Hybrid Cloud Platforms and related enterprise IT security environments.

For more information, please visit https://www.sonata-software.com/

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Addepar Raises $230 Million at $3.25 Billion Valuation in Series G Investment Round

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Vitruvian Partners and WestCap Co-Lead Round with Support from 8VC, Valor Equity Partners and EDBI

NEW YORK, May 13, 2025 /PRNewswire/ — Addepar, a leading global technology and data platform that investment professionals rely on to make the most informed, data-driven investment decisions, announced today the closing of its $230 million Series G investment round. The round was co-led by Vitruvian Partners, headquartered in London, and returning investor, New York-based WestCap, with additional participation from longtime partners 8VC and Valor Equity Partners. Global investor EDBI, operating under SG Growth Capital—the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore—also joined this round as a new investor.

Addepar’s clients use its platform to manage and advise on more than $7 trillion in client assets, up from $5 trillion just a year ago. The company adds more than $25 billion in new assets on average each week, and serves more than 1,200 client firms across more than 50 countries. Addepar is the platform of choice for single-family offices, RIAs, large banks, institutional asset owners and alternative fund managers. With hundreds of thousands of users worldwide, Addepar has become a leader in wealth and investment management technology and data, and delivers outsized value specifically in times of market volatility.

“This investment round reflects the deep trust our investors have in our mission, and the exceptional value we consistently deliver to our clients,” said Eric Poirier, Chief Executive Officer at Addepar. “Since day one, our focus has been on building a unified platform that equips investment professionals with advanced technology, precise data, and actionable insights—essential tools for achieving extraordinary outcomes in today’s rapidly evolving financial landscape. This funding aims to reward everyone who has contributed to our mission during our first 15 years, and reinforces our commitment to empowering the world’s leading firms with deep and lasting innovation. It ensures that our clients are empowered with the right technology, data and tools to navigate the full range of market conditions with confidence.”

Addepar continues to invest over $100 million annually in research and development and is on track to achieve profitability in 2025. The proceeds from its Series G financing will primarily be used to provide liquidity to employees and other investors through a tender offer, allowing them to realize the value of their contributions. In addition, it will further accelerate investments in innovation and client capabilities, enabling firms to differentiate themselves in an increasingly competitive market. Addepar continues to deliver exceptional client satisfaction and retention, strong revenue growth, and rapid product innovation at scale.

“Addepar has established itself as a category leader in investment technology with a strong track record of innovation and measurable global impact,” said Luuk Remmen, Partner at Vitruvian Partners. “We’re proud to bring more than capital to this partnership—offering strategic insight to help accelerate Addepar’s next phase of global growth and extend its transformative solutions to more investment professionals worldwide.”

“We’re proud to deepen our partnership with Addepar as they push the boundaries of innovation across the wealth management ecosystem, providing essential solutions for today’s investment managers,” said Jaime Hildreth, Partner at WestCap and Addepar board member. “We recognized Eric and the Addepar team’s vision from the outset and will continue to work alongside their team to build, scale, and pioneer the future of investment management.”

Born in response to the 2008 global financial crisis, Addepar has maintained an unwavering focus on empowering investment professionals with the best data, technology and insights. In doing so, it has set a new standard for the world’s leading wealth managers and investors.

“Addepar is building the global operating system for investment professionals—connecting data, insight, and action in one powerful platform,” said Joe Lonsdale, General Partner at 8VC and Addepar’s Co-founder and Chairman of the Board. “This milestone reflects the market’s belief in that vision and the strength of the team driving it. As Addepar expands its global reach, it’s redefining how capital is managed and decisions are made across the investment ecosystem.”

Today, amid significant market turbulence and economic uncertainty, Addepar is uniquely positioned to double down on innovation—expanding its platform to help clients navigate volatility, manage risk, and deliver differentiated value to their own clients with greater speed, accuracy, and insight. As the company continues to grow, it remains deeply committed to driving meaningful, long-term impact across global markets by empowering firms to act with greater clarity and confidence.

About Addepar
Addepar is a global technology and data company that helps investment professionals provide the most informed, precise guidance for their clients. Hundreds of thousands of users have entrusted Addepar to empower smarter investment decisions and better advice over the last decade. With client presence in more than 50 countries, Addepar’s platform aggregates portfolio, market and client data for more than $7 trillion in assets. Addepar’s open platform integrates with more than 100 software, data and services partners to deliver a complete solution for a wide range of firms and use cases. Addepar embraces a global flexible workforce model with offices in Silicon Valley, New York City, Salt Lake City, Chicago, London, Edinburgh, Pune and Dubai.

About Vitruvian Partners
Vitruvian Partners is a global growth-focused investor with offices across London, Stockholm, Munich, Madrid, Luxembourg, Mumbai, Singapore, Shanghai, Miami, and San Francisco. Vitruvian focuses on dynamic situations characterized by rapid growth and change across asset-light industries. Vitruvian has over $20 billion of active funds which have backed many global winners and leaders in their sectors, including Wise, Marqeta, CFC, Global-e, Darktrace, Just Eat, and Skyscanner. Further information can be found at www.vitruvianpartners.com

About WestCap
WestCap is a strategic operating and investing firm that partners with visionary leaders to build generational businesses. Our team is comprised of seasoned industry leaders and entrepreneurs who guide companies through the most pivotal stages of growth. Some of our notable investments include Airbnb, StubHub, Ipreo, Addepar, Hopper, iCapital, SIMON, and GoodLeap. The firm has offices in New York, San Francisco and London. For more information, please visit www.westcap.com.

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Antaisolar Showcases Full-Scenario PV Mounting Solutions at Intersolar Europe 2025, Secures 120MW Distribution Contract

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MUNICH, May 13, 2025 /PRNewswire/ — May 7-9, Antaisolar participated in Intersolar Europe 2025, presenting its distinctive brand identity and comprehensive photovoltaic (PV) mounting solutions tailored for the European market. The showcase included smart tracking systems, distributed rooftop solutions, carports, and ground-mounted structures.

As a key global PV market, Europe is projected to see demand reach a hundred-gigawatt scale in 2025. Different regions exhibit diverse requirements shaped by geography, industrial structures, and energy policies—ranging from large-scale ground-mounted power plants to commercial/industrial rooftops, and emerging applications in innovative scenarios. Antaisolar has keenly identified these nuances, developing specialized solutions such as the TAI-Space multi-rotation single-axis 1P independent tracking system for utility-scale projects, the MetaRoof series for rooftop installations, four-pillar PV carports, and integrated fence/balcony systems. Antaisolar highlighted its next-generation solar roof designing platform – SolarAid, dedicated to simplifying the design and quoting process of rooftop PV projects for both end-users and distributors.

The company’s ability to deliver market-specific solutions stems from its robust localized support framework. Anchored by its R&D center in Spain and subsidiary in the Netherlands, Antaisolar provides localized design services, rapid delivery, and comprehensive operation/maintenance support—ensuring products align seamlessly with regional regulatory requirements, climatic conditions, and market expectations across Europe.

During Intersolar Europe 2025, Antaisolar further strengthened its European footprint by signing a 120MW distribution agreement with French distributor Sunliberty, underscoring Antaisolar’s growing influence in the region. With Europe’s energy transition accelerating, the PV market’s potential is set to expand further. Antaisolar is poised to leverage its all scenario mounting solutions and SolarAid intelligent system to offer European customers more efficient, reliable, and cost-effective choices, driving the continent’s shift toward sustainable energy.

About Antaisolar:

Antaisolar, expert in digital intelligent PV mounting system solutions, is a pioneer in renewable energy solutions specializing in structure and automation control. It ranks among the top 500 global new energy companies and is one of the top ten tracking system brands worldwide.As of 2024, the company’s cumulative global shipment has reached 41.7GW, with leading positions in markets such as Japan, Australia, and Southeast Asia.

Learn More: antaisolar.com

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Oracle and Entanglement Partner to Deliver Advanced Security to Governments and Enterprises

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AUSTIN, Texas, May 13, 2025 /PRNewswire/ — Oracle and seQure, an Entanglement company and Oracle partner, today announced that governments and enterprises can deploy Ground-Truth on Oracle Cloud Infrastructure (OCI). Ground-Truth is a cybersecurity and data observability service that helps automate the detection of threats and vulnerabilities and can reduce event alerts by 90 percent. Previously only available on-premises, Ground-Truth is now available across Oracle’s distributed cloud including public, government, sovereign, and dedicated regions.

By joining Oracle’s defense ecosystem, seQure can empower customers to deploy advanced, AI-driven threat detection while addressing data residency requirements. This helps customers maintain operational agility in complex environments, address regulatory, security, and performance requirements, and get the full benefits of the cloud and sovereign AI.

Reducing false alarms with greater speed and accuracy
Ground-Truth is a zero-trust enterprise continuous monitoring platform that can deliver higher speed, accuracy, and scalability for detecting unknown cyber threats and anomalies. It leverages quantum-inspired algorithms, AI, machine learning, and high-performance computing to deliver real-time threat detection and anomaly identification. This helps customers reduce operational costs and false positives compared to traditional rule-based methods.

“Deploying Ground-Truth on OCI enables seQure to scale and bring its advanced threat detection capabilities to even more governments and enterprises,” said Rand Waldron, vice president, Oracle. “This partnership helps our combined customers identify unknown cyber threats and anomalies faster and more accurately. In addition, it enables customers to benefit from OCI’s built-in security, leading performance, and flexibility.”

Deploying Ground-Truth on OCI enables customers to gain access to:

Automated detection of novel threats and vulnerabilities in under one second.AI-powered operations without rules, leveraging diverse models.Streamlined API-driven integration with existing security stacks spanning corporate networks, Internet of Things, supervisory control and data acquisition, and other operational technology environments.Continuous adaptation to evolving environments through unsupervised learning techniques.High-capacity data processing (up to 20TB of data per day) with speeds up to 1000x faster.Ultra-low false positive rates (<9.9 percent for corporate networks, <3 percent for IoT/SCADA/OT systems).

“Ground-Truth’s AI provides fidelity in threat detection with minimal false positives for both Network and Cyber Security applications,” said Jason Turner, chairman and CEO, Entanglement. “OCI’s high-performance infrastructure and scaling was essential for deploying this solution and enabling us to provide our customers with the benefits of automated scaling, robust security features, and predictable pricing.”

About Oracle’s Partner Program
Oracle’s partner program helps Oracle, and its partners drive joint customer success and business momentum. The newly enhanced program provides partners with choice and flexibility, offering several program pathways and a robust range of foundational benefits spanning training and enablement, go-to-market collaboration, technical accelerators, and success support. To learn more, visit https://www.oracle.com/partner/.

About Entanglement
Entanglement is a next generation computing and AI company powered by a team of world-renowned scientists, researchers, mathematicians, and engineers. By fusing quantum-inspired algorithms, combinatorial optimization, machine learning, AGI, and advanced computing platforms, the company delivers secure, high- performance solutions with unrivaled speed, accuracy, and scalability. For more information, visit www.entanglement.ai

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.  

 

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