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News >> Technology >>
Aztec's net profit dips in Q2
By siliconindia
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Monday, 13 October 2003, 19:30 IST
NEW DELHI: Aztec Software and Technology Services has posted a decline in net profit for the second quarter ended September 2003, at Rs 0.65 crore against Rs 1.69 crore in the corresponding period previous year.
During the period in reference, Aztec's revenues also dipped to Rs 9.81 crore against Rs 13.25 crore in the year-ago period.
However, compared sequentially, both net profit and revenues in the second quarter were higher than the first quarter ended June 2003, according to a company statement here.
Commenting on the results, S Parthasarathy, chairman and CEO of Aztec said "we are glad to announce a second consecutive quarter of profits and this has been possible due to our undeterred focus on new business development and customer satisfaction".
"Going forward our strategy will be continued focus on software engineering services and an enhanced focus on sales and marketing", he said.