Accel Frontline's turnover increases by 21 percent

Bangalore

July 27th, 2007

Accel Frontline Ltd has announced its unaudited first quarter results for the
period ending 30th June 2007, which was taken on record by the Board of
Directors on 26th July 2007.

For the quarter ended June 30, 2007, the company has posted a consolidated
net turnover of Rs.55.41crores against Rs.42.97 crores during the corresponding
quarter of the previous year, registering a growth of 29 percent. The EBIDTA
went up by 42 percent to Rs.6.92 crores against Rs.4.88 crores during the
corresponding period last year. The Profit Before Tax was up 62 percent at Rs.
4.52 crores against Rs. 2.79 crores and Profit After Tax improved by 41 percent
to Rs.3.04 crores against Rs.2.17 crores for the same period last year.

Announcing the quarterly results, N.R. Panicker the Chairman and CEO of the
Company said, "We are pleased to report a good quarterly performance on a
normally slow first quarter for the domestic IT industry. With our continued
focus on IT Infrastructure Management and Enterprise Software Services we are
confident that the growth momentum will continue in the coming quarters and will
ensure steady growth in turnover and profitability. "

During the quarter the company received several prestigious annuity contracts
for IT services. The company has launched new initiatives to move into IT
outsourcing and to expand the managed services portfolio with remote managed
services.

The company added two hundred and forty new employees in the first quarter
taking the total employees number up to 2615 professionals.