The Board of Directors of Sonata Software Limited has declared a special interim dividend of 100% at its meeting held today. The record date for the purpose of payment will be December 29, 2008. The Board had already declared a 50% interim dividend after the first half of this financial year. This takes the total dividend to 150% for the financial year 2008-09 as compared to 110% for the previous financial year 2007-08.
The Special Interim Dividend is in commemoration of Sonata’s 10 years of listing. In the light of this special dividend, no final dividend is intended to be recommended for the financial year 2008-09. Ever since it was first listed on January 14, 1999, Sonata has a record of uninterrupted dividends for the last 10 years.
About Sonata Software
Sonata Software, headquartered in Bangalore, India, is a leading IT consulting and services company. Sonata's customers are located across the US, Europe and the Asia-Pacific region. Its portfolio of services includes IT Consulting, Product Engineering Services, Travel Solutions, Application Development, Application Management, Managed Testing, Business Intelligence, Infrastructure Management and Packaged Applications. As per the industry rankings released by NASSCOM for FY07-08, Sonata Software ranked among the Top 20 IT Software and Service Exporters in India
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