NIFTY 50

COVID-19 will impact profits in next 2 quarters by around 40%, says Sonata Software

Updated : May 12, 2020 08:17 PM IST

Sonata Software posted a weak set of Q4 earnings. The revenue is down 25 percent and margins also appear to have contracted. CNBC-TV18 spoke to Jagannathan Chakravarthi, CFO of Sonata Software and discussed the Q4 numbers and the outlook for the company going forward.

Chakravarthi said that COVID-19 will impact profits by around 40 percent in the next two quarters. However, he added that they have optimised the costs to manage the impact. Chakravarthi expects the company to bounce back from the second half of the year.

Watch the video for more.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV