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Cambridge Technology Enterprises Ltd.

BSE: 532801 Sector: IT
NSE: CTE ISIN Code: INE627H01017
BSE 00:00 | 23 Jul 49.90 -0.90
(-1.77%)
OPEN

50.50

HIGH

51.80

LOW

49.80

NSE 00:00 | 23 Jul 50.75 0.95
(1.91%)
OPEN

50.75

HIGH

50.75

LOW

49.25

OPEN 50.50
PREVIOUS CLOSE 50.80
VOLUME 2569
52-Week high 102.90
52-Week low 49.80
P/E 28.35
Mkt Cap.(Rs cr) 98
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 50.50
CLOSE 50.80
VOLUME 2569
52-Week high 102.90
52-Week low 49.80
P/E 28.35
Mkt Cap.(Rs cr) 98
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Cambridge Technology Enterprises Ltd. (CTE) - Chairman Speech

Company chairman speech

MESSAGE TO THE SHAREHOLDERS

The world is transforming. Artificial Intelligence (AI) is a reality today because ofthe availability of high capacity computing resources and the unprecedented explosion instructured/unstructured data. AI and Machine Learning (ML) will define industries bothnew and old transforming data into a valuable knowledge asset and as a catalyst fordisruption.

As the world transforms businesses are going to end up with ‘haves and have-nots'in the AI space. There will be businesses with resources to implement AI solutions and useAI to get to decisions and there will be businesses standing still in the ‘have-not'space. CTE is focused on solving the world's complex and most interesting businesschallenges with AI transforming organizations into AI-first leaders by enabling ourclients to create AI solutions that transform their businesses.

We spent our last two years to build the foundation at CTE that allows us to be betterprepared to take advantage of the market opportunity. Today CTE is one of the feworganizations in the world with 100 percent AWS certified Cloud Operations Center. We havestrengthened our relationship with Amazon Web Services by achieving competencies in areaslike Big Data and DevOps. This speaks volumes about our team's deep expertise inimplementing providing advisory and managed services in disruptive technologies. We arealso appraised at Level 5 of the CMMI Institute's Capability Maturity Model Integration(CMMI) v1.3 for our services validating that CTE's software development processes areamong the best-in-class.

CTE's performance is on track and consistent with the growth that it has deliveredthrough the past two years. Strong performance drove record revenues with increase inprofitability in FY 2016-17. Our consolidated revenues grew by 53 percent from INR 65.8crores in FY 2015-16 to INR 100.6 crores in FY 2016-17 consolidated EBITDA grew by 93percent from INR 11.4 crores in FY 2015-16 to INR 22.1 crores in FY 2016-17 andconsolidated Net Profit grew by 86 percent from INR 9.1 crores in FY 2015-16 to INR 16.9crores in FY 2016-17.

With the foundation built in the last two years we are inspired to achieve our Vision2020 and be part of this transformation.

I thank all our stakeholders for their confidence in us especially our employees fortheir persistent efforts and commitment that has contributed largely to our success. Welook forward for continued performance going forward for achieving our next set ofmilestones

Aashish Kalra
Chairman & CEO