Sonata Software earnings calls.

Sonata Software delivered a mixed Q3 FY26 with 21.4% YoY PAT growthCurrent reported value: 21.4% YoY PAT growth. No comparable prior figure is available in the source record. and 220bps EBITDA margin expansionCurrent reported value: 220bps EBITDA margin expansion. No comparable prior figure is available in the source record. to 19.5%, reflecting successful execution of operational efficiency levers including AI-driven productivity and offshore mix improvement. However, revenue growth remained muted at 8.4% YoYCurrent reported value: 8.4% YoY. No comparable prior figure is available in the source record. (consolidated), with three top-10 clients creating headwinds—a BFSI client undergoing organization changes, a TMT client with budget pressures, and an unexpected retail client ramp-down. The company secured two BFSI deals (Fortune 500 payment tech and mortgage provider) and noted AI order bookings rising to 14% of total order bookCurrent 14% of total order book. Reported change: +400bps vs Q2.. North America now constitutes 70% of revenueCurrent 70% of revenue. Reported change: +1600bps in 3 years. (up from 54% three years ago), while HLS+BFSI contribute 31% of revenueCurrent 31% of revenue. Reported change: +1800bps in 3 years.. Management guided EBITDA to remain in the 18-21% range and expects domestic business to return to YoY growth by Q2 FY27. The primary risk remains client concentration with uncertain recovery timelines for the large accounts.