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 and are trading at ₹516.75 , down-from-52-week-high.
Sonata Software follows other major Information Technology sector earnings this month
Sonata Software's report follows an earnings beat by Tata Consultancy on October 10, 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 October 13 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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