Big data and cloud services provider Cambridge Technology Enterprises Ltd’s net profit increased manifold to ₹2.80 crore in the second quarter ended September 30, compared to ₹25 lakh in the corresponding quarter of the previous year.
Revenue of the Hyderabad-based company too, increased to ₹15.44 crore from ₹7.37 crore. “We seem to be heading in the right direction. Talent is the biggest challenge to our growth. Majority of our focus right now is geared towards hiring the right talent and training them for the future.
“We are investing in setting competency centres and training our employees,” Chairman Aashish Kalra said in a release issued on Tuesday.
Its scrip fell 1.93 per cent on the Bombay Stock Exchange on Tuesday to end at ₹116.80.