FORM 10-Q

                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C.  20549




             Quarterly Report Under Section 13 or 15(d)
               of the Securities Exchange Act of 1934



For Quarter Ended:                        Commission File Number:
August 31, 1999                                 0-15588



               CANTERBURY INFORMATION TECHNOLOGY, INC.
       (Exact name of registrant as specified in its charter)



    Pennsylvania                              23-2170505
(State of Incorporation)        (I.R.S. Employer Identification No.)


                         1600 Medford Plaza
                      Route 70 & Hartford Road
                      Medford, New Jersey 08055
               (Address of principal executive office)

                  Telephone Number:  (609) 953-0044


Indicate by check mark whether the registrant  (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such reports),
and  (2) has been subject to such filing requirements for the past 90
days.

         X          Yes                  No
        ---                     ---

The number of shares outstanding of the registrant's common stock as
of the date of the filing of this report: 9,197,550 shares.


<PAGE>
FORM 10-Q

                     PART 1 - FINANCIAL INFORMATION
                     ------------------------------
Item 1.  Financial Statements
-----------------------------

                 CANTERBURY INFORMATION TECHNOLOGY, INC.

                       CONSOLIDATED BALANCE SHEET
                       --------------------------

ASSETS
------                                      August 31,
                                                1999      November 30,
                                            (Unaudited)     1998
                                            -----------   ------------
Current Assets:
  Cash and cash equivalents               $  734,399       $   287,274
  Accounts receivable, net                 1,333,129         1,141,544
  Notes receivable                           356,716           341,268
  Prepaid expenses and
   other assets                            1,765,245         1,494,001
  Deferred income tax benefit                150,000           150,000
                                        ------------       -----------
   Total Current Assets                    4,339,489         3,414,087


  Property and equipment
   at cost, net of accumulated
   depreciation and amortization
   of $4,437,000 and $3,993,000            2,001,527         2,323,996
  Goodwill net of accumulated amortization
   of $2,237,000 and $1,910,000            8,666,189         8,993,805
  Deferred income tax benefit              2,712,919         2,712,919
  Notes receivable                         7,729,489         7,994,641
  Other assets                               313,040           260,967
                                         -----------       -----------
   Total Assets                          $25,762,653       $25,700,415
                                         ===========       ===========


                         See Accompanying Notes

FORM 10-Q

                  CANTERBURY INFORMATION TECHNOLOGY, INC.
                        CONSOLIDATED BALANCE SHEET


LIABILITIES AND SHAREHOLDERS' EQUITY

                                             August 31,
                                               1999       November 30,
                                            (Unaudited)       1998
Current Liabilities:                      -------------    -----------
  Accounts payable - trade                $    216,964    $    357,100
  Accrued expenses                             214,668         231,743
  Income taxes payable                          26,919          63,217
  Unearned tuition income                      937,508         954,128
  Current portion, long-term
   debt                                      3,202,063       1,738,565
                                             ---------       ----------
   Total Current Liabilities                 4,598,122       3,344,753

  Long-term debt                               169,454       2,640,075

  Deferred income tax liability              2,964,369       3,115,801

  Common stock, $.001 par value, 50,000,000
   shares authorized; 8,698,000
   and 6,421,000 issued                          8,698          6,421
   Additional paid in capital               18,690,336      17,580,522
  Unrealized loss on securities
   available for sale                         (343,507)      (143,757)
  Retained earnings (deficit)                   82,481       (436,100)
  Less treasury shares, at cost               (407,300)      (407,300)
                                           -----------      ----------
   Total Shareholders' Equity               18,030,708      16,599,786
                                           -----------      ----------
   Total Liabilities and
    Shareholders' Equity                  $ 25,762,653    $ 25,700,415
                                          ============    ============

                          See Accompanying Notes

<PAGE>
FORM 10-Q

                 CANTERBURY INFORMATION TECHNOLOGY, INC.
                    CONSOLIDATED STATEMENTS OF INCOME

The following Consolidated Statements of Income for the three-month
and nine month periods ended August 31, 1999, and August 31, 1998, are
unaudited, but the Company believes that all adjustments (which
consist only of normal recurring accruals) necessary for a fair
presentation of the results of operations for the respective periods
have been included.  Quarterly results of operations are not
necessarily indicative of results for the full year.
<TABLE>
<CAPTION>
                            Three months ended        Nine months ended
                               August 31,                 August 31,
                              (Unaudited)                 (Unaudited)
                            1999        1998           1999           1998
                            ----        ----           ----           ----
</CAPTION>
<S>                      <C>         <C>            <C>         <C>
Net revenues              $3,227,030  $3,215,032     $9,547,966  $9,436,482
Costs and expenses         1,759,706   1,752,545      5,177,888   4,908,980
                          ---------- -----------     ----------  ----------
Gross profit               1,467,324   1,462,487      4,370,078   4,527,502
Selling                      430,376     491,298      1,306,790   1,498,860
General and
 administrative              841,522     821,760      2,753,525   2,763,453
                          -----------  ----------     ---------  ----------
Total operating expenses   1,271,898   1,313,058      4,060,315   4,262,313
Other (income)/expenses
  Interest income           (169,348)   (146,243)      (509,770)   (644,814)
  Interest expense            91,832      71,788        275,330     268,715
  Other                       (6,229)     (5,949)       (35,096)   (110,210)
                           ---------  ----------      ---------   ---------
Income before provision for
 income taxes                279,171     229,833        579,299     751,498

Provision for income taxes    30,000      50,000         60,720     180,416
                           --------- -----------      ---------   ---------
Net income                $  249,171  $  179,833     $  518,579  $  571,082
                          ========== ===========     ==========  ==========
Basic earnings per share:
  Basic
Net income per share      $      .03  $      .03     $      .07   $     .10
Weighted average          ==========  ==========     ==========   =========
  shares outstanding:
 Basic                     8,819,700   6,043,000      7,773,500   5,945,200
</TABLE>

                         See Accompanying Notes

<PAGE>
FORM 10-Q
                 CANTERBURY INFORMATION TECHNOLOGY, INC.
                  CONSOLIDATED STATEMENTS OF CASH FLOWS
      FOR THE NINE-MONTHS ENDED AUGUST 31, 1999 AND AUGUST 31, 1998

                                        August 31,         August 31,
                                          1999                1998
                                        ----------         ----------
Net income                              $ 518,579          $571,081
Adjustments to reconcile net income to
 net cash provided by/(used in)
 operating activities:
   Depreciation and amortization          771,566           750,001
   Provision for losses on accounts
    receivable                             13,256            13,000
   Deferred income taxes                 (151,432)          116,925
   Other noncash items, net              (199,748)           62,307
   Changes in operating assets
    Accounts receivable                  (204,841)         (251,895)
    Prepaid expenses and other assets    (323,317)         (312,603)
    Income taxes                          (36,298)              -
    Accounts payable                     (140,136)          (64,222)
    Accrued expenses                      (17,075)         (749,881)
    Unearned tuition income               (16,620)           96,330
                                        ---------         ---------
 Net cash provided by operating
   activities                             213,934           231,043
Investing activities:
    Capital expenditures, net            (121,481)         (391,821)
                                       ----------         ---------
 Net cash used in investing activities   (121,481)         (391,821)
Financing activities:
    Proceeds from issuance of common
     stock, net                         1,112,091             -
    Proceeds from long term debt           -                143,982
    Principal payments on long
      term debt                        (1,007,123)         (466,886)
    Proceeds from payments on notes
      receivable                          249,704           268,228
                                      -----------       -----------
 Net cash provided by/(used in)
  financing activities                    354,672           (54,676)
                                      -----------       -----------
Net increase/(decrease) in cash           447,125          (215,454)
Cash, beginning of period                 287,274           295,936
                                      -----------       -----------
Cash, end of period                    $  734,399        $   80,482
                                      ===========       ===========

                           See Accompanying Notes

                  CANTERBURY INFORMATION TECHNOLOGY, INC.
                NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                ------------------------------------------

1.  Operations and Summary of Significant Accounting Policies

   Description of Business
   Canterbury Information Technology, Inc. ("the Company") provides
information technology services through two wholly owned subsidiaries.
These services include computer training and software development.
The Company also offers management training through a separate
subsidiary.

   Principles of Consolidation
   The consolidated financial statements include the accounts of the
Company and all of its subsidiaries.  All material intercompany
transactions have been eliminated.

   Stock Based Compensation
   The Company has adopted SFAS No. 123- Accounting for Stock Based
Compensation.  As provided by SFAS No. 123, the Company accounts for
stock options under Accounting Principles Board (APB) Opinion No. 25-
Accounting for Stock Issued to Employees.  The Company discloses the
pro forma net income and earnings per share effect as if the Company
had used the fair value method prescribed under SFAS No.123.

   Use of Estimates
   The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make
estimates and assumptions that affect the amounts reported in the
financial statements and accompanying notes.  The ultimate outcome and
actual results could differ from the estimates and assumptions used.

   Revenue Recognition
   The Company records revenue at the time services are performed or
product is shipped.

   Statement of Cash Flows
   For purposes of the Statement of Cash Flows, cash refers solely to
demand deposits with banks and cash on hand.

   Depreciation and Amortization
   The Company depreciates and amortizes its property and equipment
for financial statement purposes using the straight-line method over
the estimated useful lives of the property and equipment (useful lives
of leases or lives of leasehold improvements and leased property under
capital leases, whichever is shorter).  For income tax purposes, the
Company uses accelerated methods of depreciation.

   The following estimated useful lives are used:

   Building and improvements     7 years
   Equipment                     5 years
   Furniture and fixture    5 to 7 years

   Intangible Assets
   Goodwill is being amortized over twenty-five years using the
straight-line method.

   The Company periodically evaluates whether the remaining estimated
useful life of intangibles may warrant revision or the remaining
balance of intangibles may require adjustment generally based upon
expectations of nondiscounted cash flows and operating income.

   Deferred Income Taxes
   The Company utilizes the liability method to account for income
taxes.  This method gives consideration to the future tax consequences
associated with the differences between financial accounting and tax
bases of assets and liabilities.

   Earnings Per Share
   Basic earnings per share is computed using the weighted average
common shares outstanding during the year. Diluted earnings per share
considers the dilutive effect, if any, of common stock equivalents
(options).

   Recent Accounting Pronouncements
   In fiscal 1997, the Financial Accounting Standards Board ("FASB")
issued SFAS No. 130 "Reporting Comprehensive Income," which requires
that an enterprise report, by major component and as a single total,
the change in its net assets during the period from nonowner sources,
the adoption of this statement in fiscal 1999 is not expected to have
an impact on the Company's net income or Stockholders' Equity.  The
FASB also issued SFAS No. 131 "Disclosures about Segments of an
Enterprise and Related Information," which establishes annual and
interim reporting standards for an enterprise's operating segments and
related disclosures about its products, services, geographic areas,
and major customers.  Management has not completed its review of SFAS
No. 131, but does not anticipate that the adoption of this statement
will have a significant effect on the Company's disclosures upon
adoption in fiscal 1999.

   Reverse Stock Split
   On April 2, 1998, the Company's Board of Director approved a
one-for-three reverse stock split of the Company's common shares.  All
share and per share information contained in these financial
statements gives retroactive effect to the 1-for-3 reverse stock split
effected April 14, 1998.

   Concentration of Risk
   As previously discussed, the Company is in the business of
providing training and information technology services.  These
services are provided to a large number of customers in various
industries in the United States.  The Company's trade accounts
receivable are exposed to credit risk, but the risk is limited due to
the diversity of the customer base and the customers wide geographic
dispersion.  The Company performs ongoing credit evaluations of its
customer's financial condition. The Company maintains reserves for
potential bad debt losses and such bad debt losses have been within
the Company's expectations.

 The Company maintains cash balances at several large creditworthy
banks located in the United States.  Accounts at each institution are
insured by the Federal Deposit Insurance Corporation up to $100,000.
The Company does not believe that it has significant credit risk
related to its cash balance.

2.      Acquisition

  On October 18, 1999, the Company purchased certain assets of U.S.
Communications, Inc. for 292,468 restricted shares of Canterbury
common stock valued at $850,000, as well as $100 in cash, and $49,000
in assumed liabilities.  The total purchase price was $900,000.  U.S.
Communications, an Annapolis, Maryland company, sells computer
hardware and software; performs technical computer training and also
provides technical consulting.  The acquisition was recorded under the
purchase method of accounting.  Results of operations for the first
nine months of fiscal 1999 are not included in the income statement.
The pro forma, unaudited results of operations for the nine-month
period ending August 31, 1999 and 1998, assume that the purchase
of U.S. Communications had been consummated on December 1, 1997.
Results are as follows:

                                       1999             1998
                                       ----             ----
   Pro forma revenue               $19,097,917     $17,726,201
   Pro forma net income                738,459         649,844
   Pro forma earnings per share:
       Basic                              $.09            $.10


3.      Property and Equipment

  Property and equipment consists of the following:
                                         August 31,      November 30,
                                            1999             1998
                                            ----             ----

   Land, buildings and improvements      $   725,910      $  725,910
   Equipment                               3,207,803       3,185,632
   Furniture and fixtures                  1,386,377       1,287,067
   Leased property under capital
     leases and leasehold improvements      1,118,495       1,118,495
                                           ---------       ---------
                                           6,438,585       6,317,104

   Less: accumulated depreciation         (4,437,058)     (3,993,108)
                                           ----------     -----------
   Net property and equipment            $ 2,001,527     $ 2,323,996
                                         ===========     ===========

   Depreciation expense for 1999 and 1998 was $302,000 and $279,000,
respectively.

4. Long-Term Debt
                                           August 31,     November 30,
                                             1999            1998
                                             ----            ----
   Long-term obligations consist of:
     Term loan                            $  419,249      $1,221,000
     Revolving credit line                 2,774,620       2,774,620
   Capital lease obligations                 177,648         383,020
                                           ---------      ----------
                                           3,371,517       4,378,640
   Less:  Current maturities               3,202,063      (1,738,565)
                                          ----------      ----------
                                         $   169,454      $2,640,075
                                         ===========      ==========

  Outstanding amounts owed under the Company's term loan and credit
line facilities with its primary lender were due and payable at
December 31, 1998.  The Company and its lender have agreed to an
extension of these agreements through December 1, 1999, subject to
reasonable legal fees.

   Subsequent to August 31, 1999 the Company has entered into
preliminary discussions with its primary lender regarding a
restructuring of the total outstanding debt.  The Company and its
lender are discussing the possibility of combining the outstanding
term and revolver debt ($3,121,000 as of October 11, 1999) and
repaying the balance with a three year amortization over a two
year period.  Several issues such as pricing, the starting date for
term payments and other structural components have not yet been
finalized.  Management believes that a restructuring will be
accomplished as of November 30, 1999, although as of the date of this
filing, no formal term sheet has been received from the lender.  Based
on these facts, the Company has chosen to classify all outstanding
term and revolver debt as current liabilities as of August 31, 1999 to
conservatively reflect the situation.

   The term debt and the revolving line of credit accrue interest at
the prime rate plus 2.5% per annum.

   The long term debt is secured by substantially all of the assets of
the Company and requires continued compliance with previously
established covenants which include:  limits on capital expenditures,
certain prepayments from excess cash flow as defined and the
maintenance of certain financial ratios and amounts.  The Company is
restricted by its primary lender from paying cash dividends on its
common stock.

   Aggregate maturities on long-term debt, exclusive of obligations
under capital leases, are approximately $0 in 1999 and $3,121,000 in
2000.

   The carrying value of the long-term debt approximates its fair
value.

5. Capital Leases

   Capital lease obligations are for certain equipment leases which
expire through fiscal year 2004.  Future required payments under
capitalized leases together with the present value, calculated at the
respective leases' implicit interest rate of approximately 10.5% to
14.3% at their inception, as of May 1, 1995 and May 1, 1997 are as
follows:

 Year ending November 30, 1999                  $45,781
 Year ending November 30, 2000                   72,619
 Year ending November 30, 2001                   43,055
 Year ending November 30, 2002 and thereafter    37,969
                                                -------
 Total minimum lease payments                   199,424
 Less amount representing interest              (21,776)
                                                -------
 Present value of long-term obligations
   under capital leases                       $ 177,648
                                              =========
6. Securities Available for Sale

   At August 31, 1999 and November 30, 1998, the Company held
investment securities in a public company.  Certain officers and
directors of the Company have an ownership interest in the public
company.  Management has estimated the fair value of the investment at
August 31, 1999 at $117,500 based on discounted market values due to
the stock being thinly traded and volatile and has classified the
investment as available for sale.  The investment is included in
prepaid expenses and other assets in the accompanying balance sheet.
The investment has a gross carrying value of $461,007 and an
unrealized loss of $343,507 at August 31, 1999.  The Company did not
sell any available for sale securities during 1998.

7. Stockholder's Equity

   On March 10, 1999 the Company completed a Private Placement
Offering for the issuance of 1,000,000 shares of common stock.  The
Company received proceeds of $600,000.  The Company used $500,000 of
the proceeds to repay amounts under the term loan as discussed in Note
4.  The remaining amounts are intended to be used for further paydown
of debt, general corporate purposes and for working capital.  In
connection with the Private Placement Offering described above, an
independent third party received 200,000 shares of common stock as a
finders fee.  On April 20, 1999 the Company completed another Private
Placement Offering for the issuance of 850,000 shares of common stock.
The Company received proceeds of $603,500.  In conjunction with this
Private Placement, an independent, third party received 150,000 shares
of common stock as a finders fee.

   On October 4, 1999 the Company initiated another Private Placement
offering for the issuance of 470,589 shares of common stock.  The
Company has received proceeds of $200,000 and will receive the
additional $300,000 by October 31, 1999.  In conjunction with this
Private Placement, an independent, third party received 47,059 of
common stock as a finders fee.

Item 2.Management's Discussion of Financial Condition and Results of
Operations

Liquidity and Capital Resources

   Working capital at August 31, 1999 was ($258,000).  This was an
decrease of $327,000 over November 30, 1998, due primarily to the
reclassification of all outstanding bank debt to current maturities
pending a formal restructuring of this debt by the Company's primary
lender.

   Outstanding amounts owed under the Company's term loan and credit
line facilities with its primary lender were due and payable at
December 31, 1998.  The Company and its lender have agreed to an
extension of these agreements through December 1, 1999, subject to
reasonable legal fees.

   Subsequent to August 31, 1999 the Company has entered into
preliminary discussions with its primary lender regarding a
restructuring of the total outstanding debt.  The Company and its
lender are discussing the possibility of combining the outstanding
term and revolver debt ($3,121,000 as of October 11, 1999) and
repaying the balance with a three year amortization over a two year
period.  Several issues such as pricing, the starting date for term
payments and other structural components have not yet been finalized.
Management believes that a restructuring will be accomplished as of
November 30, 1999, although as of the date of this filing, no formal
term sheet has been received from the lender.  Based on these facts,
the Company has chosen to classify all outstanding term and revolver
debt as current liabilities as of August 31, 1999 to conservatively
reflect the situation.

   During March and April 1999 the Company completed two Private
Placement Offerings with non-affiliates for the issuance of 1,850,000
shares of common stock and the issuance of 350,000 shares as a finders
fee, all with registration rights.  The Company has received total
gross proceeds of $1,203,500.  The Company used $500,000 in proceeds
to repay amounts under the term loan.  The remaining amounts are
intended to be used for further paydown of debt, general corporate
purposes and for working capital.  During October, 1999, the Company
completed another private placement of 470,589 shares of common stock
for $500,000.  The proceeds will be used for general working capital
requirements.

   Management believes that positive cash flow contributions from the
Company's operating subsidiaries will be sufficient to cover cash flow
requirements for fiscal 1999.  Management also believes that above
proposed debt restructuring will allow the Company to successfully
manage its debt amortization while allowing for continued internal
growth.  There was no material commitment for capital expenditures as
of August 31, 1999.  Inflation was not a significant factor in the
Company's financial statements.

   Cash flow from continuing operations for the nine months ended
August 31, 1999 was $214,000, which was consistent with the same nine
month period in 1998.

   General Description Of The Year 2000 Issue And The Nature And
Effects Of The Year 2000 On Information Technology (IT) And Non-IT
Systems

   The Year 2000 Issue is the result of computer programs being
written using two digits rather than four to define the applicable
year. Any of the Company's computer programs that have date-sensitive
software or embedded chips may recognize a date using "00" as the year
1900 rather than the year 2000. This could result in a system failure
or miscalculations causing disruptions of operations, including, among
other things, a temporary inability to process transactions, send
invoices, or engage in similar normal business practices.

   The Company began addressing the Year 2000 Issue in 1997 on a
decentralized basis at each of its subsidiaries. In 1998, the Company
began monitoring progress on a corporate level. Based on assessments
made since 1997, the Company determined that modifications to or in
limited cases replacement of computer software and hardware was
necessary to enable those systems to operate properly after December
31, 1999. The Company presently believes that with modifications to
and replacement of existing software and hardware, the Year 2000 Issue
can be mitigated. However, if such modifications and replacements are
not made, or are not completed timely, the Year 2000 Issue may have a
material impact on the operations of the Company.

   The Company's plan to resolve the Year 2000 Issue involves the
following four phases: assessment, remediation, testing, and
implementation. To date, the Company has completed its assessment of
all systems that could be significantly affected by the Year 2000. The
assessment indicated that most of the Company's significant
information technology systems could be affected, particularly the
Company's registration/scheduling and accounting systems. The
assessment also indicated that software and hardware (embedded
chips) used in these applications were also at risk.  The software
developed and distributed by ATM/Canterbury is Y2K compliant.  The
Company's other training services are not at risk.

   Status Of Progress In Becoming Year 2000 Compliant, Including
Timetable For Completion Of Each Remaining Phase

   The following estimates of completion percentages and dates are
based on the Company's best estimates. However, there can be no
guarantee that these dates can be achieved and actual results may
differ. For its information technology exposures, to date the Company
has completed the remediation phase and completed its software
reprogramming and replacement. Once software is reprogrammed or
replaced for a system, the Company begins testing and implementation.
These phases run concurrently for different systems. To date, the
Company has completed 100% of its testing and has implemented 100% of
its remediated systems. Completion of the testing phase for all
significant operating systems was completed by April 30, 1999, with
all remediated systems fully tested and implemented by September 1,
1999.

   Nature And Level Of Importance Of Third Parties And Their Exposure
To The Year 2000

   The Company has surveyed its significant vendors as to their Year
2000 compliance. Based on the nature of their responses, the Company
does not need to develop contingency plans.

   Costs
   The Company has utilized and will continue to utilize both internal
and external resources to reprogram, or replace, test, and implement
the software and operating equipment for Year 2000 modifications. Many
of the program fixes were completed in conjunction with other projects
and had little incremental cost. The Company estimates that
incremental costs relating to Year 2000 projects to date approximate
$25,000. These costs have been expensed as incurred. The Company
expects to spend less than $50,000 on Year 2000 projects in fiscal
1999. Year 2000 costs are difficult to estimate accurately and the
projected cost could change due to unanticipated technical
difficulties, project delays, and third party non-compliance, among
other things.

   Risks
   Management of the Company believes that it has an effective program
in place to resolve the Year 2000 Issue in a timely manner. As noted
above, the Company has not yet completed all necessary phases of its
Year 2000 plan.  Because of the range of possible issues and the large
number of variables involved, it is impossible to quantify the
potential cost of problems should the Company or its trading partners
not properly complete their Year 2000 plans and become Year 2000
compliant. Such costs and any failure of compliance efforts could have
a material adverse effect on the Company. The Company believes that
the most likely risks of serious Year 2000 business disruption are
external in nature, including continuity of utility, telecommunication
and transportation services, and the potential failure of the
Company's customers due to their own non-compliance or the
non-compliance of their business partners. In the event the Company
does not properly complete its Year 2000 efforts or is affected by the
disruption of outside services, the Company could be unable to take
orders, distribute goods, invoice customers or collect payments. In
addition, disruptions in the economy generally resulting from Year
2000 could have a material adverse  effect on the Company. The Company
could be subject to litigation for computer systems failure. The
amount of potential liability and lost revenue cannot be reasonably
estimated at this time.

   Contingency Plans
   The Company is currently in process of developing contingency plans
to address the above Year 2000 risks as necessary. The Company plans
to evaluate the status of completion of its Year 2000 efforts by
November 1, 1999 and to determine what contingency plans are necessary
at that time. In the normal course of business, the Company has
contingency plans for disruption of business events and intends to
augment those plans with specific Year 2000 considerations.

Results of Operations

   Revenues
   Revenues for the three months ended August 31, 1999 approximated
the comparable three-month period from 1998.  For the nine months
ended August 31, 1999, revenues increased by $112,000 (1%) over the
same nine-month period in 1998.

   Costs and Expenses
   Costs and expenses for the nine months ended August 31, 1999
increased by $269,000 (5%) due primarily to an increase in labor
costs.  Costs at CALC/Canterbury attributed to the higher cost of
delivering technical training products, plus research and development
costs associated with the creation of alternative delivery methods for
the current instructor-led training model.

   Selling expenses for the three months ended August 31, 1999
decreased by $61,000 (12%) and for the nine months ended August 31,
1999 decreased by $192,000 (13%).  The decrease was due primarily to a
reduction in marketing expenses at CALC/Canterbury attributable to
more cost effective and efficient production and distribution of their
monthly training schedule.

                        PART II - OTHER INFORMATION

Item 1     Legal Proceedings
       No additional legal proceedings were either initiated or
brought against the Company during the first fiscal quarter.

Item 2     Changes in Securities
       None

Item 3     Defaults Upon Senior Securities
       None

Item 4     Submission of Matters to a Vote of Security Holders
       None

Item 5     Other Information
       None

Item 6     Exhibits and Reports on Form 8-K
      (a)  Exhibits: Asset Purchase Agreement Between Registrant and
U.S. Communications, Inc. and Condor Technology Solutions Inc.
      (b)  Reports on Form 8-K:  A Form 8-K was filed on August 13,
1999 when the Company entered into a Letter of Intent to acquire
certain assets and assume certain limited liabilities of U.S.
Communications, Inc., a wholly owned subsidiary of Condor Technology
Solutions, Inc., subject to due diligence and a definitive purchase
agreement.

FORM 10-Q

                  CANTERBURY INFORMATION TECHNOLOGY, INC.



                                 SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.


                              CANTERBURY INFORMATION TECHNOLOGY, INC.
                                (Registrant)


                                By:/s/Stanton M. Pikus
                                   Stanton M. Pikus, President
                                (Chief Executive Officer and duly
                                authorized signer)


                                By:/s/Kevin J. McAndrew
                                   Kevin J. McAndrew, C.P.A.
                                   Chief Operating Officer, Executive
                                   Vice President
                                (Chief Financial Officer and duly\
                                authorized signer)








October 20, 1999