Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th JUNE 2007
								(Rs.In Lacs)
Sr.	Particulars	Quarter	Quarter	Quarter	Nine Months	Half year	Nine Months	Year Ended
No.		Ended	Ended	Ended	Ended	Ended	Ended
		30-06-2007	30-06-2006					31-03-2007
		(Unaudited)	(Unaudited)					(Audited)
1	Income From Operations	86.06	101.17	131.38	418.97	266.69	423.15	452.70
2	Other Income	6.68	15.61	3.20	20.00	13.30	7.55	82.48
3	Total Expenditure
	(A) (Increase)/Decrease in Stock	(5.20)	(29.23)	(16.30)	62.60	33.02	35.44	42.45
	(B) Software Charges	49.26	73.74	26.38	57.80	39.70	95.32	260.15
	(C) Staff Cost	9.77	8.76	11.49	25.71	17.72	25.32	32.07
	(D) Other Expenditure	29.63	29.17	26.80	67.69	44.72	61.01	120.15
4	Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00
5	Depreciation & other w/off	8.16	8.19	12.04	37.53	24.22	35.47	31.76
6	Profit Before Tax	1.12	26.15	48.66	79.13	48.77	123.46	48.60
7	Provision For Taxation*			0.00	0.00	0.00	0.00
	- Current	0.00	0.00	-	-	-	-	0.00
	- Deferred	0.00	0.00	-	-	-	-	4.36
	- Fringe Benefit Tax	0.10	0.00					1.57
8	Profit After Tax	1.02	26.15	48.66	79.13	48.77	123.46	42.67
9	Paid up Equity Share Capital	495.30	512.17	500.00	500.00	500.00	500.00	512.17
	(Face Value per Share in Rs.)	10.00	10.00	10.00	10.00	10.00	10.00	10.00
10	Reserves Excluding Revaluation
	Reserves							644.11
11	Basic EPS for the Period	0.02	0.51	0.97	1.58	0.98	2.47	0.83
	Diluted EPS for the Period		0.00					#REF!
12	Segment Capital Employed	1140.43	1169.72					1156.28
13	Aggregate of non-promoter
	share holding
	(a) No. of Shares	2270356	2438001	2,968,075	2,968,075	2,968,075	2,968,075	2433901
	(b) Percentage of shareholding	45.84%	47.60%					47.52%
Notes :
(1)   The above results were reviewed by the Audit Committee and thereafter the same were approved and
taken on record at the meeting of the Board of  Directors held on July 31, 2007
(2)   The above figures have been regrouped, rearranged wherever necessary.
(3)   The Company's operations fall under single segment namely " Computer Software and Services Exports".
(4)   There were no investor complaints pending on 01/04/2007 & 1 complaint was received during the
quarter ended 30th June, 2007 which was duly attended to.
(5)   The statutory Auditors of the company have carried out a Limited Review of the  Accounts for the Quarter
ended on 30th June, 2007
(6)	The company in accordance with the provision of Sections 77A, 77AA, 77B and all other applicable
	provisions, if any of the Companies Act, 1956 and the Securities and Exchange Board of India
	(Buyback of Securities) Regulations, 1998 as amended from time to time has commenced buy-back of
	equity shares  w.e.f. 30th April 2007. The Buyback Size consists of 4,42,346 equity shares of the face
	value of Rs 10 each i.e. 8.64% of the aggregate of the Company's paid-up Equity Share Capital as on
	March 31, 2007. As at quarter-ended 30th June 2007, the company has bought back 1,68,745 equity
	shares, thereby paid-up equity share capital of the company is reduced from 51,21,726 equity shares
	to 49,52,981 equity shares.
*     Provision for Current and Deferred Tax,if any,shall be made at the year end.
			For and on behalf of the Board
Place : Rajkot			Vikram B.Sanghani
Date   : 31-07-2007			Jt. Managing Director