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Cambridge Technology Enterprises, which focuses on solutions around convergence of big data and cloud, has posted revenues of Rs 14 crore in the quarter ended June 30, 2015 as against Rs 6.69 crore in the comparable quarter last year. The firm posted a net profit of Rs 1.20 crore in the quarter against a loss of Rs 16 lakh in the same quarter last year
CTE Chairman Aashish Kalra said that there’s a shift in business strategy and re-structuring of the organisation since January. “The changes are showing results,” he said.
In the last six months, the company’s revenues went up to Rs 25.70 crore from Rs 12.66 crore in the comparable period last year. The net profit stood at Rs 2.19 crore as against a loss of Rs 53 lakh in the period.
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