• The consolidated revenues for the second quarter were Rs. 51.58 Crores (USD 10.99 Million).Compared to revenues of corresponding period last year of Rs 13.29 Crores (USD 2.83 Million), the growth translates to over 288% Year-on-Year on annualized basis.
  
• Profit after Tax was Rs 6.35 Crores (USD 1.35 Million) for the Q2 FY 2008-2009 quarter compared to Rs. 2.12 Crores (USD 0.45 Million) of profit after tax for the corresponding quarter in the previous year (Q2 FY 2007-2008) growth translates to approximately 200% Year-on-Year on annualized basis.
  
• Basic and Diluted Earnings per share for the period are Rs.4.01 and Rs.3.11 respectively.


Others

• During this quarter, CTE signed definitive agreement to acquire Protégé Software Services, Inc. a Woburn, Massachusetts based company. This strategic acquisition would reinforce CTE’s Oracle ERP and Oracle Fusion middleware capabilities, augment CTE’s positioning of being a ‘one-stop-shop’ for all IT service needs to mid-market enterprises, strengthen CTE’s presence in the New England region in the US and provide cross-selling opportunities with more than 50 customers of Protégé.
  
• During the quarter, CTE was rated at “SME1”, the highest ranking for SME’s by CRISIL.
  

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About Cambridge Technology Enterprises

Cambridge Technology Enterprises (CTE) is a global services provider dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries. Recognized as a thought leader and innovator of comprehensive Service Oriented Architecture (SOA)-based enterprise transformation and integration solutions and services, CTE provides solutions for all business challenges. CTE offers the same level of expertise to IT as it does to product development, business process outsourcing, and innovation consulting. CTE leverages its dedicated pool of talented professionals and its deep partner network and acts as a general contractor to help midsize enterprises meet today’s increased challenges and makes them future ready. CTE is a one-stop-shop for all global service needs. With offices throughout the US and the world, Cambridge Technology Enterprises focuses on local collaboration and global execution.

For more information, please visit www.ctepl.com, or e-mail us at info@ctepl.com.