 "Cambridge Technology Q2 profit up by 32% at Rs 3.7 crore")
Hyderabad-headquartered IT services company Cambridge Technology Enterprises has registered 32.3% increase in net profit at Rs 3.7 core in the quarter (Q2) ended September 30, 2016 as compared with Rs 2.8 crore in the same quarter previous year.
Cambridge's revenues grew 64% at Rs 25.32 crore the quarter under review compared to 15.45 crore during the corresponding quarter last year.
"We will launch Cambridge DataScience (CD) in Q3 of FY17 to assist CxOs make decisions by drawing substantial strengths in insights and data analytics. This will be our focus for the next six months. Hence, we will target an increase of 25-50% in revenue every quarter compared to corresponding quarter previous year with a focus on improving our profitability," the company's chairman Aashish Kalra said.
