Investing.com - Sonata Software reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sonata Software announced earnings per share of ₹8.13 on revenue of ₹14.96. Analysts polled by Investing.com anticipated EPS of ₹8.35 on revenue of ₹12.16B.
Sonata Software shares are down 21.33% from the beginning of the year , still down 32.77% from its 52 week high of ₹768.67 set on Wednesday, October 20, 2021.
Sonata Software follows other major Information Technology sector earnings this month
Sonata Software's report follows an earnings beat by Tata Consultancy on Monday, October 10, 2022, who reported EPS of ₹28.5 on revenue of ₹553.09B, compared to forecasts EPS of ₹28.46 on revenue of ₹550.82B.
Infosys had beat expectations on Thursday, October 13, 2022 with second quarter EPS of ₹14.34 on revenue of ₹365.4B, compared to forecast for EPS of ₹14.2 on revenue of ₹365.67B.
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