This Large-cap Multibagger Sonata Software Secures USD 73 Million, 5-Year Contract with Leading US Client in TMT Sector
In the last 5 years, the stock price has given 350 per cent returns.
Sonata Software has secured a significant contract with a leading US-based company in the Technology, Media, and Telecom (TMT) sector. The contract is valued at $73 million and spans a duration of 5 years. This agreement will involve Sonata driving innovation, enhancing global scalability, and improving operational excellence for the client through AI-powered Modernisation Engineering. Following this news, the stock has gained over 5 per cent. In the last 5 years, the stock price has given 350 per cent returns.
This multi-year partnership signifies a crucial step in the client's digital strategy, aimed at enhancing global scalability, accelerating innovation, and optimising IT operations using an AI-first outsourcing model. Sonata Software was selected as the partner due to its strong engineering expertise, agile delivery model, and a proven history of delivering AI-driven business transformation. As part of the engagement, Sonata will establish a dedicated AI-enabled Modernisation Engineering Centre in India.
The program will encompass several important areas, including platform engineering, cloud transformation (Amazon Cloud), enterprise systems (Salesforce, Workday), cybersecurity, data services, and modern application development. All of these areas will be built upon a foundation of automation and scalable engineering practices.
“This is the second-largest deal in Sonata’s history—and a proud milestone for Team Sonata,” said Samir Dhir, Managing Director and CEO of Sonata Software. “It reflects our unique positioning as a right-sized partner for enterprises seeking deep modernisation capabilities and AI-first transformation. We are excited to help our client unlock new speed, agility, and digital resilience levels.’
Sonata Software is a leading modernisation company with USD 1 billion in revenue. They focus on helping clients modernise their digital presence to attract more consumers and B2B customers. Sonata's core offering is Modernisation Engineering Services, utilising Platformation and AI to create efficient and agile digital businesses. These services span across Data, Cloud, Dynamics, Automation, Cyber Security, and emerging technologies like Generative AI and Microsoft Fabric.
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Disclaimer: The article is for informational purposes only and not investment advice.