Sonata Software Flags Expected Revenue From Key Client

Sonata Software on Thursday said revenue from its largest client is likely to fall short of expectations due to the ongoing trade war triggered by recently imposed US tariffs.

Consequently, the company now anticipates lower revenue from its international business compared to the projections shared during its investor call on February 6, it said in an exchange filing. 

As per a report by Outlook Business, In the quarter ending December, Sonata Software reported that its international business accounted for approximately 26% of its total revenue.The company’s management had also referred to a ‘large hi-tech client’ during its October-December earnings call, the report added.