Broking house, P-Sec is bullish on AztecSoft and has recommended buy rating on the stock.
P-Sec report on Aztec Soft:
"Aztec's Q3 numbers have been inline with our estimates with topline growing at 5% in sequential terms The PAT for the same period has seen a de -growth of 2.7% due to contraction in OPM. Aztecsoft is into outsourced software product development space and has a presence in all phases of the PDLC. It has now moved into expert services I.e., Performance engineering, Security engineering, System and Database Architectural Services etc. The stock has corrected sharply post the Q3 FY07 numbers and is available at valuations of 12 times and 8.6 times for FY07P and FY08P earnings. The employee addition has been muted for this quarter, however on an LTM basis the additions have been confidence infusing. We recommend investors to BUY the stock."
