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Aztec Software and Technology Services


Dataquest

Friday, August 17, 2001

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At #5 is Bangalore-based Aztec Software and Technology Services, a new entrant and listed in fiscal 2000. The company came out with a public issue in November 2000, offering the Rs 3 face value share at a premium of Rs 77 per share. Aztec is engaged in providing e-engineering solutions and works as a product development partner for major US companies. It provides solutions to ASPs and B2B and Internet start-ups. Aztec is one of the high-profile companies promoted by KB Chandrasekhar, founder of US-based Exodus. Consequent to the dot-com bust, the company witnessed heavy selling in the market and is currently quoted at below offer price. Nonetheless, its performance was excellent, with revenues growing by a whopping 429% to Rs 80.63 crore in the year ended March 2001. Its net profit jumped by 465% to Rs 18.53 crore. Gross block too jumped by 144% to Rs 13.35 crore. Aztec was ranked at #2 in sales growth, #3 in profit growth and #5 in gross block growth.





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