Cambridge Technology announces its 9MFY20 and Q3FY20 results

 In 2020, Press Releases

Hyderabad, February 11, 2020: Cambridge Technology Limited (NSE: CTE; BSE: 532801), a leading global technology company focused on Artificial Intelligence as a Service (AIaaS) to transform organizations into AI-first leaders, today announced its unaudited financial results for the quarter and nine months ended December 31, 2019.

Cambridge Technology (CT) is a global business & technology services company. Recognized as a thought leader & innovator of enterprise solutions, it helps its customers transform into AI-first businesses by leveraging Big Data & Cloud. Regardless of the industry, the company offers cutting-edge Artificial Intelligence (AI) services custom-made to improve the way things are done.

Each organization is different, even within the same industry, which is why CT always works to come up with a strategic plan to fit the needs and challenges of its client’s business.

The client eco system is changing at a rapid pace. The good part is all clients are looking at investing in technology to approach the future with an edge to take advantage of AI to re-invent and innovate. Over the last few years, the company was focused on building the right capacity and capability to partner with clients and deliver value to them. For instance, the company is differentiated from more than 10,000 AWS partners globally by achieving competencies in Big Data, DevOps, Oracle and Managed Services Provider.

The company is excited to enter into its next phase of growth. The company’s trained employees, deep delivery capabilities, technological expertise, client interests demonstrated by exciting new projects and opportunities shows the path it needs to take. With a strong foundation on delivery and AI, the company is in a positive light to deliver growth.

CT is confident of staying innovative amid the fastest pace of transformation with its strong focus on delivery and AI. It aims to consolidate innovation, skills and delivery for best customer value.

CAMBRIDGE TECHNOLOGY ENTERPRISES UNAUDITED CONSOLIDATED FINANCIAL RESULTS:
QUARTER ENDED 31 DEC 2019
(INR Cr)
Quarter ended Nine Months ended
31-Dec-19 30-Sep-19 31-Dec-19 31-Dec-18
Revenue 35.8 21.2 78.9 74.3
EBITDA 4.0 3.9 11.8 19.9
Net Profit 1.2 1.0 4.4 15.7

About Cambridge Technology (CT)

CT is a leading global technology company transforming organizations into “AI-first” leaders. CT gives organizations unparalleled access to cutting-edge technology by bringing together the best-in-industry using its years of expertise in building solutions for some of the world’s largest and most innovative enterprises; leveraging Big Data, Cloud & Machine Learning experience. CT’s expertise across multiple domains makes it the preferred choice for organizations seeking a partner to innovate and leapfrog the market. CT is appraised at Maturity Level 5 for CMMI v1.3 for its services with ISO 20000-1:2011, ISO 27001:2013 certifications. For more information, visit www.ctepl.com or follow us on Twitter @cam_technology or LinkedIn at https://www.linkedin.com/company/cam_technology

Forward-looking and Cautionary Statements

Certain statements in this press release may contain statements concerning our future growth prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this press release. The Company assumes no obligation to update any forward-looking information contained in this press release. Any forward-looking statements and projections made by third parties included in this press release are not adopted by the Company and the Company is not responsible for such third party statements and projections.

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