23-11-2023 11:56 AM | Source: Accord Fintech
Cambridge Technology trades jubilantly on entering into strategic partnership with OutSystems

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Cambridge Technology is currently trading at Rs. 74.00, up by 6.66 points or 9.89% from its previous closing of Rs. 67.34 on the BSE.

The scrip opened at Rs. 70.50 and has touched a high and low of Rs. 74.85 and Rs. 68.68 respectively. So far 41035 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 78.60 on 01-Nov-2023 and a 52 week low of Rs. 46.00 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 75.45 and Rs. 65.55 respectively. The current market cap of the company is Rs. 146.45 crore.

The promoters holding in the company stood at 46.91%, while Non-Institutions held 53.09% in the company.  

Cambridge Technology Enterprises has entered into strategic partnership with OutSystems. This partnership will strengthen and foster Cambridge’s services teams to leverage OutSystems, a global leader in high-performance application development, to enable the success of its current and future clients by integrating OutSystems into the enterprise digital stack.

With Cambridge’s vast experience and expertise in crafting exceptional solutions across Pharmaceutical, Life Sciences & Allied Industries, Manufacturing, BFSI and Telecom verticals, it aims to triage AI, Data and OutSystems High-performance Low-Code application development platform, into its services to the marketplace.

Cambridge aims to augment the adoption of accelerated low code development practices in the above verticals, vastly improving client’s ability to enhance workflows across the value chain for their key stakeholders. Cambridge’s products and services address all the transformational IT needs of an organization - from strategic workshops and ready-to-deploy solutions, to implementation of transformative business solutions through its service offerings.  

Cambridge Technology Enterprises (CTEL) 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.