Press release from Business Wire India
Source: Cambridge Technology Enterprises Ltd
Monday, May 31, 2010 11:51 AM IST (06:21 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 (CTEL) FY 2010 Revenues at Rs. 70.33 Crore
Hyderabad, Andhra Pradesh, India, Monday, May 31, 2010 -- (Business Wire India) -- Cambridge Technology Enterprises Limited (CTE), a global IT services provider, announced its financial results for the year ended 31st March, 2010.
Consolidated Results for FY 2010
CTEL has achieved a turnover of Rs. 70.33 Crore for the year ended 31st March, 2010, as against a turnover of Rs. 178.32 Crore in the previous year. The Company posted a loss at EBIDTA level of Rs. 3.81 Crore for the year ended 31st March, 2010 versus a profit of Rs. 23.27 Crore recorded in the year ending 31st March, 2009. Net Loss for the year ended 31st March, 2010 is Rs. 20.42 Crore, and the same was a Profit of Rs. 5.65 Crore, for the year ended 31st March, 2009.
Standalone Results for FY 2010
CTEL has achieved a turnover of Rs. 32.78 Crore for the year ended 31st March, 2010, as against a turnover of Rs. 48.05 Crore in the previous year. The Company posted an EBIDTA of Rs. 12.73 Crore for the year ended 31st March, 2010 versus Rs. 11.16 Crore recorded in the year ending 31st March, 2009. Net Profit for the year ended 31st March, 2010 is Rs. 9.63 Lakh, and the same was Rs. 4.61 Crore, for the year ended 31st March, 2009.
Others Highlights
Consolidated financials do not include financials of Smartshift Gmbh, and Vox Holdings Inc., for pending legal formalities. Smartshift Gmbh has generated revenue of Euro 1,031,780 and made a Net Profit of Euro 119,647 during the period 11th November, 2009 to 31st March, 2010.
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 Audited Standalone Financial Results and Audited Consolidated Financial Results, click the links below:
Audited Standalone Financial Results
Audited Consolidated Financial Results
For picture(s)/data to illustrate this release click below:
http://www.BusinessWireIndia.com/attachments/CTEL-2010-Standalone.pdf
CTEL-2010-Standalone.pdf
http://www.BusinessWireIndia.com/attachments/CTEL-2010-Consolidated.pdf
CTEL-2010-Consolidated.pdf
CONTACT DETAILS
Ramana Reddy, 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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