SONATSOFTW

Sonata Software shares fell sharply today, slipping nearly 10% in early trade as part of a broader IT sector sell-off, while the company also announced that it is withholding FY27 guidance due to client uncertainty. Additionally, Rajsekhar Datta Roy officially took charge as the new CEO effective May 9, 2026 Market Performance (12 May 2026) Sonata Software stock: Down up to 9.84% in early deals. Sector impact: Nifty IT index fell 1,071 points to 28,255; BSE IT index dropped 984 points to 27,549. Reason: Fears of AI-led disruption, rising crude oil prices (~$105/barrel), rupee weakness (₹95.58/USD), and global tech sell-off. Company Updates FY27 Guidance: Sonata Software has withheld revenue guidance due to uncertainty among large clients, especially in the technology, media, and telecom (TMT) sector. AI Pipeline: AI services now contribute 16–18% of revenues, with a record $80 million pipeline expected to drive growth. Margins: Targeting ~20% margins, supported by operational efficiencies and AI infusion. Q4 FY26 Results: Revenue: ₹2,536 crore (down 17.7% QoQ) EBITDA margin: 8.22% (up from 5.21%) PAT: ₹130.5 crore (up 25% QoQ) Leadership Change New CEO: Rajsekhar Datta Roy appointed CEO effective May 9, 2026, succeeding Samir Dhir. Background: Over 30 years of experience in global delivery and technology practices. Focus: Expanding Microsoft and Dynamics practices, advancing Responsible-first AI, and leading Sonata’s AI-first transformation. Transition: Samir Dhir will remain Advisor to the Board until December 31, 2026