Ace Software Exports Limited
Regd. Office : 801, Everest, Opp. Shastri Maidan, Rajkot - 360 001
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2007
(Rs.In Lacs)
Sr. Particulars Quarter  Quarter  Half Year Half Year Year Ended c
No.   Ended Ended Ended Ended   Ended
    30-09-2007 30-09-2006 30.09.2007 30.09.2006 31.03.2007 30-06-2006
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Unaudited)
1 Income From Operations 57.30 173.38 143.36 274.55 452.70 101.17
2 Other Income 22.58 11.59 29.26 27.20 82.48 15.61
3 TOTAL INCOME  79.88 184.97 172.62 301.75 535.18  
4 Expenditure            
     a.    (Increase)/Decrease in Stock (28.30) 65.04 (33.50) 35.81 42.45 (29.23)
     b.    Software Charges 73.56 65.40 122.82 139.14 260.15 73.74
     c.    Staff Cost 5.05 8.26 14.82 17.02 32.07 8.76
     d.    Depreciation 8.20 8.22 16.36 16.41 31.76  
     e.    Other Expenditure 27.42 30.78 57.05 59.95 120.15 29.17
  TOTAL EXPENDITURE 85.93 177.70 177.55 268.33 486.58  
5 Interest 0.00 0.00 0.00 0.00 0.00 0.00
6 Profit From Ordinary Activities before Tax           (6.05)            7.27           (4.93)          33.42             48.60 #REF!
7 Provision For Taxation 0.15 0.17 0.25 0.17               5.93  
8 Net Profit From Ordinary Activities after Tax           (6.20)            7.10           (5.18)          33.25             42.67 #REF!
9 Extra Ordinary Items               -                 -                 -                 -                    -    
10 Net Profit For the period           (6.20)            7.10           (5.18)          33.25             42.67  
11 Paid up Equity Share Capital 472.95 512.17 472.95 512.17 512.17 512.17
  (Face Value of  Share Rs. 10 each ) 10.00 10.00 10.00 10.00 10.00 10.00
12 Reserves Excluding Revaluation            
  Reserves          644.11  
13 Earning per Share ( EPS )           #REF!
  Diluted EPS for the Period         644.11 0.00
  ( a ) Basic & Diluted EPS before extraordinary items   (0.13) 0.14 (0.11) 0.65 0.83 1169.72
  ( b ) Basic & Diluted EPS after extraordinary items   (0.13) 0.14 (0.11) 0.65 0.83  
14 Public Shareholding            
  (a) No. of Shares 2046901 2438101 2046901 2438101 2433901 2438001
  (b) Percentage of shareholding 43.28% 47.60% 43.28% 47.60% 47.52% 47.60%
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 October 30, 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 01/07/2007 & 2 complaints were received during the 
      Quarter ended 30th September,2007 which were 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 September, 2007
(6) The company during the quarter ended Sept 07 has disposed its 51% stake (51,000 shares) held in its
subsidiary company "Apex Knowledge Solutions Pvt. Ltd. - Chennai (AKS)". 
(7) The company during the quarter ended Sept 07 has completed successfully its buy-back of 4,41,726 equity shares.
Place : Rajkot For and on behalf of the Board,
Date   : 30-10-2007
Vikram B. Sanghani
Jt.Managing Director