Aztecsoft Q2 revenues grow sequentially by 14.2%, net Profits by 23.6%

Aztecsoft Ltd (Aztecsoft) announced its financial results for the second quarter and half year ended September 30, 2006. The financial results were taken on record by the Board of Directors at its meeting held on October 11, 2006. For the quarter ended September 30, 2006, Aztecsoft has posted its highest ever quarter revenues of Rs.67.92 Crores and net profit of Rs.11.46 Crores on consolidated basis.

The company reported a sequential (Q-o-Q) growth of 14.2% in revenues and 23.6% in profits. There was an aggressive ramp up in resource count with the addition of more than 525 resources in this quarter, including 325 campus hires and trainees for future business.

Dendrite International, Inc., one of Aztecsoft's customers to transfer its ODC to itself.

Riding on the robust growth of the Outsourced Product Development (OPD) outsourcing, Aztecsoft added 13 clients in this quarter with a balanced composition of mature and emerging customers. Aztecsoft's strong pipeline of prospects expected to help it sustain the business growth.

Source : Equity Bulls

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