Sonata Q4 net up 2%

Bangalore-headquartered IT services firm Sonata Software has posted a marginal 1.89 per cent increase in its net profit to Rs 17.22 crore in the quarter ended 31st March, 2009, when compared with the same period previous fiscal.

The consolidated revenue of the company for the quarter at Rs 370.69 crore saw of drop of 4.5 per cent on year on year basis. This was mainly due to a dip in the volume of business both for its Indian and international operations in the wake of the global financial meltdown in the fourth quarter.