Sonata Software reported revenue of INR 19,135 mn in Q4FY23 as against INR 14,636 mn in Q4FY22, registering a growth of 30.7% on a YoY basis. However, revenue declined by 15.4% on a QoQ basis mainly due to slowdown in the Hi-tech segment. The USD IITS revenue grew by 18.1% YoY and 8.7% QoQ to USD 65.8 mn.