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Our Bureau

Hyderabad, July 31

Cambridge Technology Enterprises Ltd (CTEL) registered sales income of Rs 47.48 crore with net profit of Rs 5.37 crore for the first quarter ending June 30, 2008 as against total sales of Rs. 10.08 crore and net profit of Rs.1.75 crore for the corresponding quarter last year.

The growth reflects increase in volumes and acquisitions.

Last fiscal, the company closed with revenues of Rs 27.29 crore and profit of Rs 7.78 crore.

The results have been consolidated and include the acquisition of Reilly Associates, Q Soft Systems and Cellexchange.

The company management said that the acquisition of Cellexchange had played a major role in revenue growth, contributing about 48 per cent of total revenues.

During the quarter, the company added six new customers.

The Chief Financial Officer of CTEL, Mr Ramesh Reddy, said that during the quarter, the focus was to consolidate the inorganic growth of financial year 2008.

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