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CAMBRIDGE TECHNOLOGY PARTNERS REPORTS INCREASED REVENUES AND NET EARNINGS IN SECOND QUARTER

 CAMBRIDGE, Mass., July 20 /PRNewswire/ -- Cambridge Technology Partners (Massachusetts), Inc. (NASDAQ: CATP) today announced increased revenues and net earnings for the second quarter ended June 30, 1993. Revenues for the quarter reached $7.5 million, up 88 percent from $4.0 million a year ago. Net income climbed to a high of $731,615 or 6 cents per share compared to $124,056 or 1 cent per share a year ago.
 For the six months ended June 30, 1993, Cambridge Technology Partners posted net revenues of $13.7 million, up 70 percent from $8.1 million a year ago. Net income totaled $2.5 million or 20 cents per share compared to $456,509 or 4 cents per share for the comparable period ended June 30, 1992. The six months ended June 30, 1993 included a one time net income benefit of $1.2 million or 9 cents per share for the company's adoption of Statements of Financial Accounting Standards No. 109, "Accounting for Income Taxes."
 James K. Sims, president and CEO, stated, "Several events contributed to our significant revenues and earnings growth in the second quarter. There was a marked increase in the volume of Cambridge Technology Partners' services delivered to new clients, as well as to our existing clients. During the quarter, Cambridge Technology Partners received contracts from a number of Fortune 1000 clients." Sims added, "We also experienced excellent market acceptance of our Open Enterprise Planning (OEP) service introduced in the first quarter of this year. The OEP service develops a strategy which integrates application, organization and technology components on an enterprise-wide level by aligning an open systems based architecture with the client's business vision and demands."
 "The movement of open systems computing into the information technology mainstream has clients looking for a partner with experience in this new world of computing. CTP's skill contributed to our significant growth in this quarter. Every strategic business solution we implement uses open systems, client/server technologies and is developed rapidly with a fixed price/fixed time frame agreement." Sims continued, "All indications are that the client/server, distributed services market will continue to dramatically expand. Cambridge Technology Partners' expertise in delivering strategic, client/server, distributed solutions in competitive time frames, positions us to take full advantage of this growing market opportunity."
 Cambridge Technology Partners is the leading professional services firm in developing and implementing strategic business solutions based on open systems, client/server architectures.
 CAMBRIDGE TECHNOLOGY PARTNERS
 STATEMENTS OF OPERATIONS
 Three Months Ended June 30 Six Months Ended June 30
 1993 1992 1993 1992
 (Unaudited)
 Net revenues $7,492,961 $3,993,392 $13,724,615 $8,056,449
 Cost and expenses:
 Project
 personnel 2,918,676 1,521,622 5,296,263 2,985,853
 General and
 administration 1,057,800 635,849 1,938,270 1,270,822
 Sales and
 marketing 934,869 619,792 1,775,364 1,217,983
 Other costs 1,346,211 857,524 2,427,422 1,500,953
 Total operating
 expenses 6,257,556 3,634,787 11,437,319 6,975,611
 Income from
 operations 1,235,405 358,605 2,287,296 1,080,838
 Other expenses:
 Interest expense,
 net 16,062 89,619 56,970 176,687
 Equity in net loss
 of affiliate --- 50,000 --- 100,000
 Income before
 income taxes 1,219,343 218,986 2,230,326 804,151
 Provision for
 income taxes 487,728 94,930 891,728 347,642
 Income before
 cumulative effect of
 change in account-
 ing principle 731,615 124,056 1,338,598 456,509
 Cumulative effect of
 change in accounting
 for income taxes --- --- 1,204,000 ---
 Net income $731,615 $124,056 $2,542,598 $456,509
 Net income per share:
 Income before cumula-
 tive effect of change
 in accounting
 principle 6 cents 1 cent 11 cents 4 cents
 Cumulative effect
 of change in account-
 ing for income taxes --- --- 9 cents ---
 Net income 6 cents 1 cent 20 cents 4 cents
 Weighted average number
 of common and common
 equivalent shares
 outstanding 13,050,624 11,346,895 12,671,839 11,331,691
 -0- 7/20/93
 /CONTACT: Maria Battaglia, corporate communications, 617-374-8276, or Art Toscanini, chief financial officer, 617-374-8304, both of Cambridge Technology Partners/
 (CATP)


CO: Cambridge Technology Partners ST: Massachusetts IN: CPR SU: ERN

DJ -- NE010 -- 6703 07/20/93 10:39 EDT
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Date:Jul 20, 1993
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