Latest news with #SonataSoftware
Time of India
09-07-2025
- Business
- Time of India
Sonata Software shares surge over 11% in 3 days: What charts indicate and how to navigate this rally?
Live Events For short-term traders looking to ride the momentum, Patel highlighted key technical levels to monitor: Support: Rs 420 Immediate Resistance: Rs 453 Target: Rs 475 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sonata Software have staged an impressive momentum over the past three trading sessions, climbing 11.48% and drawing significant attention from the market the stock witnessed some profit booking in Wednesday's stock seems to be near the resistance of its consolidation, witnessed for the last 2 months. It is now trading near the Rs 440 to Jigar S Patel, Senior Manager – Technical Research Analyst at Anand Rathi Shares and Stock Brokers, the recent up move follows a textbook breakout from a high-probability setup.'Sonata Software exhibited an inside value relationship between June and July Camarilla monthly pivots—a classic setup that often precedes explosive moves.'He further added, 'As anticipated, the stock broke out in the previous trading session and is now hovering near the Rs 440 mark. Given the breakout confirmation, we expect further upside towards Rs 475.'He also advised, 'Momentum traders may consider tracking the stock for follow-through buying opportunities.'Meanwhile, Shitij Gandhi, Sr. Research Analyst (Technicals) at SMC Global Securities , placed the stock's movement within a longer-term context.'Over the past five years, Sonata Software has delivered substantial returns to investors. However, 2025 saw a notable correction, with the stock declining sharply and slipping below the 300 level.'He pointed out that a technical rebound has been underway in recent months.'In recent months, a technical rebound has emerged, driving a gradual recovery toward the 420 level. The stock has also managed to climb back above its 100-day Exponential Moving Average ( EMA ) on the daily charts, signaling a potential shift in near-term momentum.'Despite the recent gains, Gandhi emphasized that broader trend indicators remain cautious.'From a technical perspective, the stock continues to trade below its 200-day EMA on both daily and weekly timeframes, indicating that the broader trend remains cautious.'Looking ahead, Gandhi identified Rs 475–Rs 480 as a critical resistance area and noted, 'A decisive breakout above this range would be necessary to confirm a sustained bullish reversal.'On the downside, he advised investors to track the Rs 400–Rs 380 support zone in case of any pullback.'Investors should monitor price action around these key levels for further directional cues,' Gandhi 12:10 pm today, the shares of Sonata Software were trading 1.9% lower at Rs 431.85 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
03-07-2025
- Business
- Mint
Sonata Software stares at revenue dent as Microsoft eyes direct licence sales
A global technology giant's attempts to sell its software licences directly to clients might lead to an unexpected casualty in Sonata Software Ltd, which counts that tech company as one of its five largest customers. Sonata Software, which entered Indian IT's $1-billion annual revenue club last year, is expected to get less business selling Microsoft licences, according to at least three people with knowledge of the matter. According to experts, the IT services company gets more than $500 million from selling Microsoft product licences, making it one of the only large IT outsourcers to sell such licences. This translates to almost half of its $1.2 billion revenue in FY25. 'Microsoft has talked about, or they're considering at least, going directly to a few large customers," said Samir Dhir, managing director and chief executive of Sonata Software, in an interview with Mint on 26 June. He said that the Bengaluru-based company considers this possible move as a threat. 'Is that a threat we see? The answer is, yes. Is that giving us sleepless nights? Perhaps not. It's something that we're watching cautiously. It might have a one or two quarter bump here and there," said Dhir. Analysts said Microsoft's move is aimed at cutting costs. 'Microsoft is saying that for large clients who require more than 10,000-plus licences, they will go for direct billing because it is one way of cutting costs and they probably do not want the IT outsourcers to keep the extra cut that comes from selling these licences," said Amit Chandra, IT analyst at HDFC Securities. 'This will be a gradual decision but Sonata is also de-risking it and focusing on selling more licences of other partners," said Chandra. Microsoft did not respond to Mint's queries. This move by Microsoft comes on the back of the tech company giving fewer tech services work to Indian outsourcers, including LTIMindtree Ltd, because of its own AI capabilities, according to Mint's report on 4 May. In a rare instance, Dhir called out lower revenue from one of its top clients, in a 16 April stock exchange, which Mint's report revealed to be Microsoft. He added that this is not the first time that Microsoft is trying to deal with clients directly. 'They have tried this model in the past as well. Okay, it hasn't worked. So they're trying again. It might work this time, it might not go this time," said Dhir. Sonata Software gets about 30% of its business managing back-end IT infrastructure for international businesses and the remaining 70% from selling software product licences to companies. Microsoft's licence reselling business makes up most of that business followed by Google, Oracle and other such licences. Sonata has about 7,000 employees, according to the company's management. This translates to each employee fetching around $171,428 for the company, which is the highest amongst the country's largest IT outsourcers. If indeed there is a hit in Microsoft's licensing business, it will likely dent Sonata's revenue per employee as three-fourths of the company's business comes from selling software licences that need fewer people. A second analyst attributed Microsoft's move to client sensitivity. 'Microsoft is dealing with large clients directly because these are sensitive customers and Microsoft wants to keep its own dedicated sales and support staff for such accounts," said a Mumbai-based analyst on the condition of anonymity. For now, Sonata is not perturbed and is looking to widen its client base. 'We have anticipated this. We have been working on de-risking the business in multiple ways," said Dhir. 'So we're not the top 10 Indian companies' reseller. We are a top, I would say, probably about 400 to 500 companies' reseller in India. And also, we have broadened the pyramid where we were selling (licences)," said Dhir. He added that the company is also selling software licences of other companies including AWS, Oracle and Google. Sonata has counted Microsoft as its client for more than 30 years and is among the top 1% of Microsoft's partners, according to its FY24 annual report. Microsoft, which follows a July-June financial year, ended its previous financial year with $245 billion in revenue. In other words, Microsoft is almost four times the size of Accenture Plc., the world's largest IT services company, by revenue. Lower business from Microsoft serves as a wake-up call for Sonata, which is now expected to lose business from its IT outsourcing unit to the licence reselling unit. Homegrown IT services companies work with Microsoft in two ways. One, as system integrators for Microsoft's software products. If a burger chain wants to use Microsoft's software to manage its sales and billing infrastructure, it can purchase the software from IT outsourcers like Sonata Software. Sonata will not just give the burger chain access to Microsoft's software, but will also fit the software in its computers and earn extra money. Secondly, IT service providers send engineers to Microsoft to manage its software products. These engineers ensure the functioning and backend requirements of Microsoft's software sold to companies such as the ice cream chain. For Sonata, both businesses from Microsoft are now under pressure.
Business Standard
11-06-2025
- Business
- Business Standard
Sonata Software Collaborates with IISc's Foundation of Science Innovation and Development
PRNewswire Bengaluru (Karnataka) [India], June 11: Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, has announced its strategic partnership with IISc's Foundation of Science Innovation and Development (FSID). The three-year collaboration aims to create an ecosystem that leverages Artificial Intelligence (AI) and its emerging areas to reimagine enterprises of the future backed by advanced research in Computer Science. Collaboration to Power AI-Driven Scientific Research and Champion Adoption of Responsible-first AI Approach. As the world faces rapid and disruptive technological advancements, the necessity for a collaborative ecosystem - comprising students, government bodies, academia, and corporations - to proactively remain proficient in cutting-edge skills has never been more critical. Aligned to Sonata Software's 'Responsible-first' philosophy, this partnership recognizes the importance of responsible AI innovations. By equipping individuals and organizations with necessary skills, partnerships and frameworks, this initiative aims to unlock next-generation opportunities presented by AI-led advancements, while ensuring unwavering commitment to ethics, trust, privacy, security, and compliance. This approach enhances their potential to create value through cutting-edge innovations, interconnected ecosystems, and widespread efficiencies. This initiative will specifically support the Department of Computer Science and Automation (CSA) at IISc, enabling key stakeholders to engage in research activities that address contemporary challenges and opportunities in AI and emerging technologies. The initiative will focus on four key objectives: - Promoting Outreach and Education Programs: Engaging students and communities to enhance awareness and skills in technology. - Supporting Scientific Research Activities: Facilitating cutting-edge research in Software Engineering and Responsible AI. - Enhancing Research and Education Infrastructure: Upgrading facilities to enable Advanced Research and Learning Experiences. - Incubating Startups in AI: Providing a platform for entrepreneurial ventures that contribute to the AI landscape. "We are happy to partner with Sonata Software in this effort, which is a significant step toward enriching the academic experience for our students and faculty," stated Prof B Gurumoorthy, Director of FSID, Indian Institute of Science. "By aligning education with industry needs, particularly in the rapidly evolving field of AI, we are not only enhancing our students' skill sets but also driving forward the crucial goal of responsible innovation in technology." "At Sonata Software, we believe that fostering AI education and research is key to unlocking innovative solutions for a sustainable future," said Rajshekar Datta Roy, Chief Technology Officer at Sonata Software. "Partnering with IISc-- a globally acknowledged premier institute for advanced scientific and technological research and education --enables us to nurture talent and drive transformative advancements in AI. Together, we aim to create a platform that not only prepares the ecosystem for future challenges but also champions Responsible-first practices to ensure ethical advancements in technology." 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 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 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 the Indian Institute of Science (IISc) The Indian Institute of Science (IISc) was established in 1909 by a visionary partnership between the industrialist Jamsetji Nusserwanji Tata, the Mysore royal family and the Government of India. Over the last 114 years, IISc has become India's premier institute for advanced scientific and technological research and education. Its mandate is "to provide for advanced instruction and to conduct original investigations in all branches of knowledge as are likely to promote the material and industrial welfare of India." In 2018, IISc was selected as an Institution of Eminence (IoE) by the Government of India, and it consistently figures among the top Indian institutions in world university rankings.
Yahoo
10-06-2025
- Business
- Yahoo
Sonata Software Collaborates with IISc's Foundation of Science Innovation and Development to Power AI-Driven Scientific Research and Champion Adoption of Responsible-first AI Approach
BENGALURU, India, June 10, 2025 /PRNewswire/ -- Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernization Engineering, has announced its strategic partnership with IISc's Foundation of Science Innovation and Development (FSID). The three-year collaboration aims to create an ecosystem that leverages Artificial Intelligence (AI) and its emerging areas to reimagine enterprises of the future backed by advanced research in Computer Science. As the world faces rapid and disruptive technological advancements, the necessity for a collaborative ecosystem – comprising students, government bodies, academia, and corporations – to proactively remain proficient in cutting-edge skills has never been more critical. Aligned to Sonata Software's 'Responsible-first' philosophy, this partnership recognizes the importance of responsible AI innovations. By equipping individuals and organizations with necessary skills, partnerships and frameworks, this initiative aims to unlock next-generation opportunities presented by AI-led advancements, while ensuring unwavering commitment to ethics, trust, privacy, security, and compliance. This approach enhances their potential to create value through cutting-edge innovations, interconnected ecosystems, and widespread efficiencies. This initiative will specifically support the Department of Computer Science and Automation (CSA) at IISc, enabling key stakeholders to engage in research activities that address contemporary challenges and opportunities in AI and emerging technologies. The initiative will focus on four key objectives: Promoting Outreach and Education Programs: Engaging students and communities to enhance awareness and skills in technology. Supporting Scientific Research Activities: Facilitating cutting-edge research in Software Engineering and Responsible AI. Enhancing Research and Education Infrastructure: Upgrading facilities to enable Advanced Research and Learning Experiences. Incubating Startups in AI: Providing a platform for entrepreneurial ventures that contribute to the AI landscape. "We are happy to partner with Sonata Software in this effort, which is a significant step toward enriching the academic experience for our students and faculty," stated Prof B Gurumoorthy, Director of FSID, Indian Institute of Science. "By aligning education with industry needs, particularly in the rapidly evolving field of AI, we are not only enhancing our students' skill sets but also driving forward the crucial goal of responsible innovation in technology." "At Sonata Software, we believe that fostering AI education and research is key to unlocking innovative solutions for a sustainable future," said Rajshekar Datta Roy, Chief Technology Officer at Sonata Software. "Partnering with IISc— a globally acknowledged premier institute for advanced scientific and technological research and education —enables us to nurture talent and drive transformative advancements in AI. Together, we aim to create a platform that not only prepares the ecosystem for future challenges but also champions Responsible-first practices to ensure ethical advancements in technology." 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 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 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 the Indian Institute of Science (IISc) The Indian Institute of Science (IISc) was established in 1909 by a visionary partnership between the industrialist Jamsetji Nusserwanji Tata, the Mysore royal family and the Government of India. Over the last 114 years, IISc has become India's premier institute for advanced scientific and technological research and education. Its mandate is "to provide for advanced instruction and to conduct original investigations in all branches of knowledge as are likely to promote the material and industrial welfare of India." In 2018, IISc was selected as an Institution of Eminence (IoE) by the Government of India, and it consistently figures among the top Indian institutions in world university rankings. For more information, please visit Logo: View original content: Effettua l'accesso per consultare il tuo portafoglio
Business Standard
28-05-2025
- Business
- Business Standard
Sonata Software and Qualtrics Partner to Transform Customer Experience for Global Brands
PRNewswire Bengaluru (Karnataka) [India]/ London [UK], May 28: Sonata Software (NSE: SONATSOFTW) (BSE: 532221), a leader in Modernisation Engineering, today announced a partnership with Qualtrics the leader and creator of the Experience Management (XM) category, aimed at delivering a comprehensive, technology-driven customer experience management solution for global enterprises. This collaboration combines Qualtrics' best-in-class XM for Customer Experience™ suite with Sonata Software's global systems integration services and extensive consulting, measurement and implementation capabilities powered by Sonata CX. The end-to-end offering is designed to help enterprises meet rising customer expectations, deliver hyper-personalised experiences and reimagine customer-brand relationships while enhancing operational efficiency and service quality. By integrating deep technological capability with human-centred insight, this partnership enables organisations to effectively listen, understand and act on customer feedback across all touchpoints. Combining the Qualtrics AI-powered experience management platform that enables organisations to collect and analyse customer feedback in the moment across multiple channels with Sonata Software's proven delivery expertise and Sonata CX's field-based measurement solutions - including mystery shopping, compliance audits, and strategic CX consulting - clients can evolve their customer experience operations and foster a culture of continuous improvement at scale, by combining best in class digital and physical evaluations. "Organisations stand to gain an estimated $1.3 trillion by using AI to better understand and improve the experiences they deliver to customers," said Sean Holcombe, Global Head of Strategic Sales, Partner Ecosystem and GTM Excellence at Qualtrics. "Combining Qualtrics innovative AI-powered CX platform with Sonata CX enables organisations to build industry leading experience management programs that ensure consistency, efficiency, and loyalty at every stage of the customer journey." "The global customer experience management market size is expected to grow significantly in the coming years, driven by a fundamental shift in customer behavior and heightened competition for delivering superior experiences across physical and digital touchpoints," said Anthony Lange, Chief Revenue Officer at Sonata Software. "Our collaboration with Qualtrics offers clients a powerful fusion of technology, insight, and execution, enabling them to not just listen to their customers but to truly understand and respond meaningfully across physical and digital customer touchpoints in real-time." With a global reach of more than 80 markets, this partnership supports cross-industry clients in their quest to deliver exceptional experiences that distinguish their brands in an increasingly competitive landscape. Both companies bring decades of experience managing complex, global programmes, by a shared commitment to innovation, scalability, and impactful outcomes. 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 modernise their Digital storefronts to attract more consumers and B2B customers. Sonata Software, with $1 Billion Revenue, is the leading Modernisation company. Its unique Modernisation approach through helps create efficient and agile digital businesses to drive intelligent ecosystems of the future. Its suite of Modernisation Engineering Services cuts across Data, Cloud, Dynamics, Automation, Cyber Security, and around newer technologies like Generative AI, Microsoft Fabric, and other modernisation platforms. The company's unique and innovative responsible-first AI offering Sonata 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, enabling 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. It is 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. The company is a proud member of Microsoft AI Partner Council, holds the AWS Generative AI Competency status, and is a member of the prestigious Inner Circle for Microsoft Business Applications and Featured and Launch Partner for Microsoft Fabric. For more information, please visit
