Sonata Software expects negative impact on profits in Q1 & Q2 FY 21

On account of disruption in services due to suspension of operations of a large client

Sonata Software announced that due to the COVID-19 situation one of its large clients had to temporarily suspend their operations thus affecting a majority of the company's services to them. The company believes this will in the immediate future have a significant negative impact on its profits by up to 40%. Currently, the company expects this to affect its Q1 and Q2 performance for FY 21.

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