Cambridge Technologv Enterprises Limited (NSE: CTE; BSE: 532801), a leading global technology company focused on Artificial Intelligence as a Service (AlaaS) to transform organizations into AI-first leaders, today announced that it has been awarded ISO/IEC 20000-1:2011 certification in recognition of its IT service management excellence for Hyderabad and Bangalore locations in India.
Over the last three years, the company has achieved tremendous success in building its foundation with 2.5x growth in employee strength, certified workforce, strong partnerships and working with marquee clients who are leaders in their verticals. The consolidated revenues of the company has grown by more than 3 times from INR 32 cr in FY15 to INR 99 cr in FY18.
Attainment of this ISO/IEC 20000-12011 certification validates that Cambridge Technology (CT) meets internationals standards for IT Service Management Systems. Through this certification, CT has demonstrated it has the controls and procedures in place to consistently deliver cost effective, quality IT service to its customers. This certification is a step forward for the company to drive best-in-class operational efficiency and its commitment to service excellence.
The certification demonstrates a clear commitment to exceptional quality IT professional services to CT's customers. The practices have been validated through third party certification of its commitment to continuous improvement.
ISO/IEC 20000-122011 is a service management system (SMS) standard. It specifies requirements for the service provider to plan, establish, implement, operate, monitor, review, maintain and improve an SMS. The requirements include the design, transition, delivery and improvement of services to fulfil agreed service requirements.
"Cambridge Technology is focused on delivering the highest standards of IT services to its customers and the lSO/IEC 20000-12011 certification substantiates our ability to deliver the highest level of service management to customers using efficient processes," said Aashish Kalra, Chairman at Cambridge Technology.
Shares of CAMBRIDGE TECHNOLOGY ENTERPRISES LTD. was last trading in BSE at Rs.47.75 as compared to the previous close of Rs. 50.85. The total number of shares traded during the day was 16017 in over 197 trades.
The stock hit an intraday high of Rs. 54 and intraday low of 47.3. The net turnover during the day was Rs. 828672.