28-11-2024 10:12 AM | Source: Accord Fintech
Sonata Software gains on securing modernization deal from global leader in access solutions

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Sonata Software is currently trading at Rs. 633.35, up by 5.25 points or 0.84% from its previous closing of Rs. 628.10 on the BSE.

The scrip opened at Rs. 640.70 and has touched a high and low of Rs. 649.60 and Rs. 632.70 respectively. So far 19789 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 867.10 on 27-Feb-2024 and a 52 week low of Rs. 469.05 on 04-Jun-2024.

Last one week high and low of the scrip stood at Rs. 649.60 and Rs. 532.00 respectively. The current market cap of the company is Rs. 17613.48 crore.

The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 35.51% and 36.33% respectively.

Sonata Software has secured a multi-million dollar Modernization deal with a global leader in access solutions. This transformation deal will integrate and standardize the client’s APAC business processes across 13 countries, ensuring seamless operations and real-time engagement with customers, suppliers, distributors, and partners.

As part of this digital transformation journey, Sonata Software will partner with the client to modernize their Dynamics AX 2012 R3 to state-of-the-art D365 Finance and Supply Chain Management. This modernization will encompass migrating data from legacy systems, implementing a data platform that includes over 260 Power BI reports, optimizing advanced warehousing and planning processes, and conducting pilot programs in Australia, New Zealand, and China. Additionally, an intelligence layer will be built into their systems using Microsoft Fabric, which will accelerate their data-to-decision journey seamlessly.

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment.