{"id":114260,"date":"2023-11-23T15:14:21","date_gmt":"2023-11-23T09:44:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114260"},"modified":"2023-11-23T15:14:26","modified_gmt":"2023-11-23T09:44:26","slug":"it-stock-jumps-up-to-12-after-it-signs-partnership-with-outsystems","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-up-to-12-after-it-signs-partnership-with-outsystems\/","title":{"rendered":"IT stock jumps up to 12% after it signs partnership with OutSystems\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1800084298\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Micro-cap stock jumped 12 percent in the day\u2019s trade after it announced a partnership with OutSystems which claims to be the most powerful low-code system on the planet, to bring a high-performance low-code platform to enterprises in India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2111717667\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:30 p.m. the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CTE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Cambridge Technology Enterprises Limited<\/a><\/strong> were trading at Rs. 73.50, up 8.97 percent from its previous day&#8217;s close price of Rs. 67.45 and its market capitalization is Rs.144 Crores.\u00a0<\/p><p>As per the company\u2019s filing on BSE, Cambridge Technology Enterprises has partnered with OutSystems, to bring a high-performance low-code platform to enterprises in India.&nbsp;<\/p><p>OutSystems claims to be the most powerful low-code system on the planet, which provides tools for companies to develop, deploy, and manage omnichannel enterprise applications.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3906058537\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Saravanan Subramaniam, RVP, APAC Channels &amp; Alliances at OutSystems said that the collaboration will further enhance Cambridge&#8217;s capabilities in the market helping their customers reduce the time and cost of application development and modernization efforts. Together, we can offer enterprises the freedom to think big and innovate with no limits.&nbsp;<\/p><p>The company\u2019s revenue increased by 2.53 percent from Rs. 109.47 Crores in FY22 to Rs. 112.2 Crores in FY23, accompanied by increasing profits of Rs. 8.81 Crores to Rs. 9.8 Crores.&nbsp;<\/p><p>The company reported a return on equity (ROE) of 8.91 percent and a return on capital employed (ROCE) of 9.47 percent, the company is making decent returns over its equity and capital employed, as it is struggling to increase its revenue from operations over the years.&nbsp;<\/p><p>Cambridge Technology Enterprises Limited is a global technology services company, providing various IT services, from building entire infrastructure or platforms to solving complex IT challenges and it also helps businesses accelerate their digital transformation and become AI-first businesses.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-60179514\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Micro-cap stock jumped 12 percent in the day\u2019s trade after it announced a partnership with OutSystems which claims to be the most powerful low-code system on the planet, to bring a high-performance low-code platform to enterprises in India.&nbsp; At 2:30 p.m. the shares of Cambridge Technology Enterprises Limited were trading at Rs. 73.50, up 8.97 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111982,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9559,14637,9558,948,936],"class_list":["post-114260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-cambridge-technology-enterprises-latest-news","tag-cambridge-technology-enterprises-partnership-with-outsystems","tag-cambridge-technology-enterprises-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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