Aztecsoft Financial Results Q2-09 - Press Release

Aztecsoft Posts Sequential Revenue Growth At 11+% In INR Terms

Bangalore, October 20, 2008: Aztecsoft Limited (Aztecsoft) the leading provider of Global Software Engineering Services announced its financial results that were taken on record by its Board of Directors for the second quarter and half-year ended September 30, 2008. For the second quarter, Aztecsoft has posted revenues of Rs 85.51 Crores and a net profit of Rs 5.79 Crores on a consolidated basis. Revenues grew sequentially (Q-o-Q sequential growth) by 11.4% in Rupee terms and 5.4% in US Dollar terms. Improved sales mix, tight control on operations and expenses and high utilization has helped the Company to improve Gross margins from 35% in Q I-09 to 38% in QII-09 and EBITDA margins from 18% in QI-09 to 25% in QII-09.

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