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Aztec 2QFY02: Cutting costs

(Oct 9, 2001)

While Aztec for 2QFY02 has posted a 23% sequential (QoQ) decline in revenues, the highlight of the performance is that the company has managed to post a growth of 2.3% in the bottomline. Aztec has managed this feat by controlling its costs. Consequently, the company’s operating margins have jumped from 26% in 1QFY02 to 31% in 2QFY02. However, the bad news is that the company’s topline has dropped quite steeply. In 1QFY02 the company had managed to post a sequential growth in topline. However, th

Aztec: Lacklustre performance

(Jul 18, 2001)

The highlight of Aztech's 1QFY02 performance is that it has managed to show a sequential growth in topline and bottomline. The revenues grew by 1.7% QoQ and the net profit figure rose by a marginal 50 basis points. On a YoY basis the company has posted a 80% rise in revenues and a 34% growth in profits. Aztec's net profits have shown a sequential growth due to a significant other income in the first quarter. The figure for this one quarter at Rs 14 m was more than that for the whole of FY01, whi

Aztec: Expensive growth

(Apr 10, 2001)

Aztech has posted a whopping 476% growth in topline for FY01 compared to FY00. The rise in net profits is 390%. The astronomical figures are due to the low revenue base of the company. The growth has been at the sacrifice of almost 1000 basis points in the operating margins. The company has incurred additional costs of sales commissions and onsite consultancy charges for FY01 which were not there in FY00.

Aztec: Other income drives rise in net

(Jan 22, 2001)

Aztec has posted a 23% growth in revenues for 3QFY01 compared to 2QFY01. The growth in net profit is 36% this is due to a whopping 3654% jump in other income. The company's break up of expenditure is very different from other software companies. The employee costs are just 17% of revenues, which is quite low compared to its peers. Apart from staff costs, major expenses are onsite consultancy services (14%) and sales commission (14%). Other than revenue growth the performance was lacklusture. Whi

Aztec's outstanding 3Q performance

(Jan 5, 2001)

Aztec Software, a leading e-solution provider in the Internet infrastructure space has reported a YOY spectacular profit growth (330%) for the quarter ended December 2000. The company's revenues increased by 23% in 3QFY01 compared to 2QFY01 and profits by 36%.


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