Evo, našao sam upravo ono što sam tražio.
<?php
$strSheetName = 'Sheet1';
$strCellName = '';
$objXLApp = new COM( "excel.application" ) or die( "unable to start MSExcel" );
$objXLApp->Workbooks->Open( "c:\\test.xls" );
$objXLSheet = $objXLApp->ActiveWorkBook->WorkSheets( $strSheetName );
$strCellName='A1';
$objXLCell = $objXLSheet->Range($strCellName);
print "ime: " . $objXLCell->Value() ."<br>";
$strCellName = 'B1'.$row;
$objXLCell = $objXLSheet->Range($strCellName);
print "prezime: " . $objXLCell->Value() ."<br><br>";
// must do all of these to release resources correctly...
unset( $objXLCell );
unset( $objXLSheet );
$objXLApp->ActiveWorkBook->Close();
$objXLApp->Quit();
unset( $objXLApp );
?>