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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

DSQ :1QFY02 Net down 22%

May 3, 2001

For 1QFY02 DSQ software has recorded a rise of 0.4% QoQ (compared to quarter ended December 2000 -DQFY01) in revenues and the net profit figure has dipped by 22%. The company's operating margins have taken a severe hit and have come down by 920 basis points.

Melstar: Margins under pressure

May 3, 2001

Melstar for the 4QFY01 has posted a small 1% QoQ (compared to 3QFY01) growth in revenues. The growth in net profits is a mere 6.3%.

Global Tele FY01 net up by 90%

Apr 11, 2001

Global Tele has registered a topline growth of 26% compared to FY00. This net profit figure for FY01 includes an extraordinary income of Rs 1,976 m. The net profit figure for FY00 included an extraordinary income of Rs 1,192 m. Excluding the extraordinary items the growth in net profit is 116%.

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.

Melstar : Needs better operations

Jan 22, 2001

Melstar has shown a positive 22% growth in revenues for the 3QFY01. But its operating margins have come down from 15.5% in 2QFY01 to 14% in 3QFY01. This, according to the company, is due to increased personnel costs on account of increased projects in the US and Europe.

Soffia: Spectacular performance

Jan 22, 2001

Soffia has recorded a YoY growth in net proftis of 290% and the growth in topline is 286%. One of the factors that is responsible for the higher growth rates is its small base. The company has shown superlative operating margins of about 40% for both the quarters this year. The sequential growth figures are also very strong.

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

Sonata : Quality conscious.

Jan 22, 2001

Sonata recorded a marginal drop in sales for 3QFY01 of 2% on a QoQ basis. The company claims it has sacrificed growth rates to get quality projects. The operating margin has significantly jumped from about 20% to 29%. This is on account of about 13% drop in expenditure compared to the last quarter.

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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