Sonata Software partners with Microsoft to launch Microsoft Fabric

Sonata Software partners with Microsoft to launch Microsoft Fabric

by 5paisa Research Team Last Updated: May 25, 2023 - 06:36 pm 576 Views
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Microsoft Fabric is an end-to-end unified analytics platform bringing together all the data and analytics tools that organizations need. 

Partnering with Microsoft 

Sonata Software has announced that it will be a part of the global launch of Microsoft Fabric at the Microsoft Build event in Seattle, United States. 

Microsoft Fabric is an end-to-end unified analytics platform bringing together all the data and analytics tools that organizations need. It enables enterprises to manage their data in one place with a suite of analytical experiences that work together seamlessly to help turn data into a competitive advantage today and lay the foundation for the AI innovations of tomorrow. What sets Microsoft Fabric apart is its multi-cloud data lake called OneLake, pervasive governance and security, AI-powered experiences with Copilot, and deep integration with Microsoft 365 applications. 

Sonata team has been working for over 6 months with the Microsoft Fabric team. It gave the team an opportunity to learn the new paradigm of end-to-end analytics SaaS platform, to work closely with the product engineering teams at Microsoft and to share their findings and inputs about the product that was in the making. 

Stock price movement 

On Thursday, the shares of Sonata Software closed at Rs 929.60, up by 0.86% from its previous closing of Rs. 921.70 on the BSE. The scrip opened at Rs 920.05 and touched a high and low of Rs 937.00 and Rs 916.80 respectively. The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high and low of Rs 985.00 and Rs 457.50, respectively. Last one week high and low of the scrip stood at Rs 949.90 and Rs 912.65 respectively. The current market cap of the company is Rs 12,994.89 crore. 

The promoters holding in the company stood at 28.17%, while Institutions and Non-Institutions held 26.81% and 45.02% respectively. 

Company Profile 

Sonata Software is a global IT services firm focused on catalysing transformational IT Initiatives of its clients through deep domain knowledge, technology expertise and customer commitment. The company has various customers in the United States of America, Europe, the Middle East, Australia and India. 

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