Sonata Software announced that it has made a strategic investment in Retail10x, a Palo Alto, California Headquartered Retail AI software-as-service platform company.

Sonata software has been focused on being a Digital Transformation Partner of choice for customers in Retail, Distribution, Manufacturing, and Travel industries with their unique Platformation™ methodology, end-to-end digital platforms. This investment is an extension of its endeavour of Digital transformation for the retail, distribution and CPG companies by providing them a real-time integrated data rich platform. As a result of the investment Sonata gets exclusive rights, worldwide, to implement and service the R10x platform and market the R10x platform under its own brands.

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Net profit of Sonata Software rose 29.91% to Rs 64.07 crore in the quarter ended December 2018 as against Rs 49.32 crore during the previous quarter ended December 2017. Sales rose 10.07% to Rs 843.96 crore in the quarter ended December 2018 as against Rs 766.75 crore during the previous quarter ended December 2017.

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Sonata Software will hold a meeting of the Board of Directors of the Company on 8 February 2019.

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Sobha Ltd, Dr Lal Pathlabs Ltd, Rajesh Exports Ltd and Vakrangee Ltd are among the other gainers in the BSE's 'A' group today, 17 January 2019.

Sonata Software Ltd surged 7.25% to Rs 329 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 59762 shares were traded on the counter so far as against the average daily volumes of 6246 shares in the past one month.

Sobha Ltd spiked 6.18% to Rs 490.5. The stock was the second biggest gainer in 'A' group. On the BSE, 15221 shares were traded on the counter so far as against the average daily volumes of 28494 shares in the past one month.

Dr Lal Pathlabs Ltd soared 5.43% to Rs 1069.4. The stock was the third biggest gainer in 'A' group. On the BSE, 8273 shares were traded on the counter so far as against the average daily volumes of 12083 shares in the past one month.

Rajesh Exports Ltd exploded 5.01% to Rs 619.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 44649 shares were traded on the counter so far as against the average daily volumes of 65571 shares in the past one month.

Vakrangee Ltd added 4.90% to Rs 48.15. The stock was the fifth biggest gainer in 'A' group. On the BSE, 11 lakh shares were traded on the counter so far as against the average daily volumes of 17.79 lakh shares in the past one month.

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