Cambridge Solutions gains on expansion plan

Cambridge Solutions gained 3.69% to Rs 37.90 at 13:01 IST on BSE after its its wholly owned subsidiary Cambridge Solutions Pte announced expansion of its Lenovo ThinkPad quality development and assurance business.

The stock hit a high of Rs 38.50 and a low of Rs 37.40 so far during the day. The stock had a 52-week high of Rs 146 on 23 May 2007 and a 52-week low of Rs 34.60 on 25 March 2008.

The company’s current equity is Rs 111.34 crore. Face value per share is Rs 10.

Cambridge Solutions Pte currently deploys a large team in Singapore and Japan to support Lenovo's ThinkPad initiatives and is now extending its operations to Kuala Lumpur with a plan to grow aggressively in the coming years.

Cambridge Solutions reported a net loss of Rs 1.65 crore in Q3 December 2007 as compared to net loss of Rs 2.35 crore in Q2 September 2007. Net sales rose 5.27% to Rs 45.17 crore in Q3 December 2007 over Q2 September 2007.

The company provides information technology and information technology (IT) enabled services. It operates through two segments, business process outsourcing (BPO) and IT.