Press release from Business Wire India
Source: Cambridge Technology Enterprises Ltd
Saturday, January 30, 2010 03:22 PM IST (09:52 AM GMT)
Editors: General: Consumer interest, Economy; Business: Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges; Technology
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Cambridge Technology Enterprises Limited (CTE) Q3 FY 2010 Revenues at Rs. 130.73 Mn
Hyderabad, Andhra Pradesh, India, Saturday, January 30, 2010 -- (Business Wire India) -- Cambridge Technology Enterprises Limited (CTE), a global IT services provider, today announced its financial results for the quarter ended 31st December, 2009.
Q3 Consolidated Revenues decline by 15% sequentially
Highlights:
Consolidated results for the quarter ended 31st December, 2009
-- Income was Rs. 130.73 Mn for the quarter ended 31st December, 2009; QoQ decline of 15.0%; YoY decline was 68.4%
-- Operating loss was Rs.18.58 Mn for the quarter ended 31st December, 2009 versus a profit of Rs.24.26 Mn for the quarter ended 31st December, 2008; it was an Operating loss of Rs.40.0 Mn for the quarter ended 30th September, 2009
-- Net loss after tax was Rs.20.27 Mn for the quarter ended 31st December, 2009 versus a profit of Rs.9.59 Mn for the Quarter Ended 31st December, 2008; it was and a loss of Rs.46.55 Mn for the quarter ended 30th September, 2009
Q3 Standalone Revenues grew by 91% sequentially
Highlights:
Standalone results for the quarter ended 31st December, 2009
-- Income was Rs. 89.46 Mn for the quarter ended 31st December, 2009; QoQ growth was 90.6%; YoY decline was 25.5%
-- Operating profit was Rs.20.96 Mn for the quarter ended 31st December, 2009 versus Rs.6.3 Mn for the quarter ended 31st December, 2008; it was and Operating loss of Rs.17.26 Mn for the quarter ended 30th September, 2009
-- Net profit after tax was Rs.20.96 Mn for the quarter ended 31st December, 2009 versus a profit of Rs.2.17 Mn for the Quarter ended 31st December, 2008; it was and a loss of Rs.22.35 Mn for the quarter ended 30th September, 2009
Others Highlights
-- The Company entered into a letter of intent to acquire 100% of outstanding equity with Smartshift Gmbh, Germany and with Vox holdings Inc., USA on 11th November and on 1st December, 2009 respectively.
-- Consolidated financials do not include financials of Smartshift Gmbh, and Vox Holdings Inc., for pending legal formalities. Smartshift Gmbh has generated revenue of Euro 362,562 and made a Net Profit of Euro 38,894 during the period 11th November, 2009 to 31st December, 2009.
About Cambridge Technology Enterprises
CTE is a global business and technology services company. Recognized as a thought leader and innovator of enterprise modernization services, CTE solutions improve business performance and provide clients with a compelling competitive advantage. CTE services include IT Modernization, Application and Infrastructure Managed Services and Business Process Outsourcing. CTE customers are major global commercial and government organizations such Vodafone, AIG, Pfizer, State Bank of India and US government agencies. CTE leverages world-class talent, proven tools and methodologies and global development centers to provide highly innovative and competitive solutions.
For more information, please visit www.ctepl.com, or e-mail us at info@ctepl.com
To view the Financial Results, please click on the link given below:
Financial Results
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/CTEL_Q3_Results.pdf
CTEL_Q3_Results.pdf
CONTACT DETAILS
Ramana Reddy, Company Secretary, Cambridge Technology Enterprises Ltd, +91 (40) 4023 4400, vreddy@ctepl.com
KEYWORDS
CONSUMER, ECONOMY, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES, TECHNOLOGY, CTE.BO, CTE.NS
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