Sonata Software Limited has informed the Exchange regarding a press release dated April 28, 2025, titled "Sonata Software (Sonata) has signed a large contract with a Total Contract Value of USD 73 Million for 5 years, with a leading US TMT Company".
SONATSOFTW · price
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Awaiting price reaction for this filing.
Sonata Software has won a large multi-year contract with a leading US-based Technology, Media and Telecom (TMT) company. The total contract value is USD 73 million spread over 5 years, implying roughly USD 14-15 million in revenue per year. The deal adds a marquee US client to Sonata's portfolio and strengthens its presence in the TMT vertical. USD 73 million is roughly 8% of Sonata's FY24 annual revenue, making this a sizeable order win. The contract is denominated in US dollars, providing hard-currency revenue visibility for the next five years.
Positive for the stock — a meaningful new order win from a large US TMT client boosts revenue visibility and signals strong demand for Sonata's IT services. The hard-currency, multi-year nature of the deal should support margins and provide some insulation from rupee volatility.