The Hindu Business Line : Sonata investing Rs 100 cr in new campus

Hyderabad, Sept. 12 IT services company Sonata Software Ltd has announced plans to invest Rs 100 crore in a campus near here that will have the capacity to host about 2,600 people.

The first phase of the campus slated to come up in a 7.8-acre site in a special economic zone will be ready some time next year and the company plans to scale up the headcount from the current 625 to about 3,000 in three years. The President and Managing Director, Mr B. Ramaswamy, said that this campus would be developed through internal accruals and would help the company tap the local talent pool.

Addressing a press conference here on Tuesday, Mr Ramaswamy said that the existing facility has a capacity to host about 800 people and the company expects to soon outgrow the available space.

In the Hyderabad facility, Sonata handles outsourced product development work for independent software vendors (ISVs), multi-lingual capability, apart from managing a disaster recovery centre as a back up for its three other development centres based in Bangalore.

Referring to the company’s business, Mr Ramaswamy said that last fiscal it earned revenues of Rs 914 crore and a net profit of Rs 48 crore.

The company plans to build on its existing clientele and is looking at more opportunities in Europe. The company logged revenues of Rs 350 crore in the first quarter of this fiscal and expects to continue this growth trend witnessed over the last two to three years.

Demand for outsourced product development work is set to grow and Sonata hosts such centres for many clients and expects to expand this business.

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