Cambridge Technology announces earnings
Cambridge Technology Partners (Cambridge, MA, Nasdaq: CATP, http://www.ctp.com
) announces Q1 '97 revenue of $71.1 million, which compares with $47.3 million in Q1 '96 showing a 50% increase. Net income grew 55% to $7.1 million, up from $4.6 million a year ago. The systems integration company saw expansion during the quarter, forming a subsidiary in Toronto, opening offices in Zurich and Manchester and receiving a four-year contract with the Brazilian government.