Aztecsoft Financial Results Q1-09 Press Release

Aztecsoft Posts Double Digit Sequential Revenue Growth

Bangalore, July 24, 2008: Aztecsoft Limited (Aztecsoft) the leading provider of Global Software Engineering Services reported its financial results taken on record by the Board of Directors for the first quarter ended June 30, 2008. Revenues grew sequentially (Q-o-Q) by 11.7% in INR terms and 5.8% in US$ terms. Revenues grew by 30% (Y-o-Y) in INR terms. For the first quarter ended June 30, 2008, Aztecsoft has posted revenues of Rs. 76.77 Crores and a net loss of Rs. (9.29) Crores on a consolidated basis.

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