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Sonata Software's Q2 profit rises 81%

Source BUSINESS LINE
Last Updated: Tue, Oct 14, 2008 18:12 hrs

Mumbai: Sonata Software Ltd said its second-quarter profit rose 81 per cent. Net income rose to Rs 21.63 crore ($4.5 million) in the three months ended September 30 from Rs 11.93 crore a year earlier, the Bangalore-based company said on Tuesday in a statement to the Bombay Stock Exchange.

Sales rose 25 per cent to Rs 419 crore.

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The shares of the company rose as much as 19 per cent to end at Rs 21.40 on the BSE.

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