Sonata software reported rupee revenue of INR 22,608 Mn with a 51% QoQ growth for Q3FY23. It reported an industry leading QoQ revenue growth of 6.3% in INR terms (4.8% in USD terms) at INR 4896 Mn in the international business. Among the business verticals, ISV accounted for 36% of the revenue, followed by distribution and manufacturing which accounted for 22%. TMT, manufacturing, retail/TTH are the industry verticals which witnessed a strong growth during the quarter.