Financial Daily from THE HINDU group of publications
Friday, Jan 14, 2005
Financial Daily from THE HINDU group of publications Friday, Jan 14, 2005 |
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Corporate Results
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Software Info-Tech - Financial Performance Aztec net soars Our Bureau
Bangalore , Jan. 13 SOFTWARE product engineering company Aztec Software and Technology Services reported a 2,210 per cent jump in year-on-year net profits, clocking Rs 4.65 crore during the third quarter of the fiscal over revenues of Rs 25.59 crore on a consolidated basis. On a stand-alone basis, the company's revenues were Rs 21.89 crore and net profit was Rs 5.23 crore. Sequentially, revenues grew 26 per cent, while profits grew 21 per cent over Rs 3.85 crore in the second quarter. Strong sales and marketing efforts and the Disha Technologies acquisition were responsible for the results, said Mr V. Chandrasekharan, MD and CEO, Aztec.
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