Cambridge Technology zooms on entering into partnerships with two leading Indian companies

04 Aug 2015

Cambridge Technology Enterprises is currently trading at Rs 61.05, up by 2.75 points or 4.72% from its previous closing of Rs. 58.30 on the BSE.

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 61.15 and Rs. 55.65 respectively. So far 30663 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 61.15 on 03-Aug-2015 and a 52 week low of Rs. 5.27 on 04-Aug-2014.

Last one week high and low of the scrip stood at Rs. 61.15 and Rs. 48.45 respectively. The current market cap of the company is Rs. 116.80 crore.

The promoters holding in the company stood at 46.91% while Institutions and Non-Institutions held 0.29% and 52.79% respectively.

Cambridge Technology Enterprises (CTE), an IT services leader focused on the convergence of big data and cloud, has entered into partnerships with two Indian companies leading the textile machinery and shipping industries. The company has laid out Enterprise Resource Planning (ERP) applications development and enhancement contracts with the textiles company. As a Platinum Member in the oracle partner Network (OPN), company will leverage Oracle solutions to provide the customer with custom ERP solutions, enhancing their applications and transforming them 2-tier to web tier.

The company is one of the preferred vendors for Oracle in the U.S. and offers the most comprehensive suite of Oracle based services, especially in the mid west region of the US.  Company’s multi-year engagement with the Indian shipping leader entails Database & Middleware Support and Maintenance on Oracle Platforms. Such engagements assist companies in reducing their operational costs and the company can focus itself on its core expertise rather than technology.

Cambridge Technology is a global technology services and outsourcing company dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries.

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