Acquisition of Quant Systems will strengthen Sonata offering in BFSI and Healthcare & Life science verticals which will aid the revenue growth of company, say analyst at ICICI Securities.
The company's North America arm has inked an agreement to buy 100 per cent in Texas-based Quant Systems in an all-cash deal of $65 million.
The new CEO has reiterated that he is planning to double IT services revenue in four years as he is looking to accelerate the growth from hereon
Mahindra & Mahindra Financial Services, Sonata Software Limited, and Blue Star may rise up to 10 per cent in the overbought territory of RSI.
Volumes spurt were significantly higher during strong positive closes than during negative sessions.