ICICI Direct: Sonata Software - Improved Q2 Revenues In IT Service Segment

ICICI Direct: Sonata Software - Improved Q2 Revenues In IT Service Segment

IT service Ebitda margin improved 98 basis points QoQ to 24.4%. IT service profit after tax increased 14% QoQ to Rs 43.6 crore. Domestic revenues declined 23% QoQ while profit after tax increased 17% QoQ mainly due to higher operating margins.