Cambridge had consolidated the profits of the four companies it acquired during the year and, therefore, the results could not be compared, said chief financial officer Ramesh Reddy. The revenues for the quarter under review stood at Rs 44.59 crore. The company registered a net profit of Rs 96 lakh and revenues of Rs 5.83 crore during the same period last year.
For the full year, revenues increased to Rs 90.27 crore from Rs 23.40 crore last year.
The company is now focussing on investing in SOA and expansion of acquired companies to attain critical mass. It completed acquisition of ComCreation, Reilly & Associates Inc, Q-Soft Systems and Solutions and CellExchange Inc - one in each quarter of 2007-08.
According to chief executive officer Bhaskar Panigrahi, "Exciting opportunities identified in commercial and the defence sector in India will be pursued in FY09,'' he said. CTE is also looking to expand its operation in the Apac region.
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"We will integrate high value and growth potential companies to consolidate our position in the mid-sized customer segment,'' he said, adding the company hoped to enhance its global delivery centre base to China and Europe to offer multi-shore 24x7 service to its customers and also enter European markets.