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:
February 29, 2000                                          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 9,524,287 shares.


FORM 10-Q

                        PART 1 - FINANCIAL INFORMATION

Item 1.  Financial Statements


                 CANTERBURY INFORMATION TECHNOLOGY, INC.

                        CONSOLIDATED BALANCE SHEET


ASSETS
------
                                         February 29,
                                            2000         November 30,
                                         (Unaudited)        1999
                                         -----------     -----------

Current Assets:
  Cash and cash equivalents               $  909,713        $1,060,434
  Accounts receivable, net                 2,898,548         2,676,889
  Notes receivable - current portion         371,028           363,805
  Prepaid expenses and
   other assets                              864,960           849,107
  Inventory, principally finished goods,
   at cost                                    38,073           101,533
  Deferred income tax benefit                 99,448            99,448
                                         -----------        ----------

   Total Current Assets                    5,181,770         5,151,216


  Property and equipment
   at cost, net of accumulated
   depreciation and amortization
   of $4,737,000 and $4,593,000            2,313,603         2,383,829
  Goodwill net of accumulated amortization
   of $2,461,000 and $2,348,000            8,771,853         8,885,170
  Deferred income tax benefit              2,538,997         2,706,888
  Notes receivable                         7,599,236         7,630,836
  Other assets                             1,113,229         1,054,033
                                        ------------      ------------

   Total Assets                          $27,518,688       $27,811,972
                                         ===========      ============





                           See Accompanying Notes



<PAGE>
FORM 10-Q

                  CANTERBURY INFORMATION TECHNOLOGY, INC.
                         CONSOLIDATED BALANCE SHEET


LIABILITIES AND SHAREHOLDERS' EQUITY

                                         February 29,
                                             2000          November 30,
                                         (Unaudited)          1999
                                         -----------       -----------
Current Liabilities:
 Accounts payable - trade              $  1,131,279        $  1,144,922
 Accrued expenses                           374,193             387,660
 Unearned revenue                         1,135,978           1,111,330
 Current portion, long-term
  debt                                    1,047,751           1,246,997
                                        -----------         -----------
  Total Current Liabilities               3,689,201           3,890,909

 Long-term debt                           1,950,531           1,989,031

 Deferred income tax liability            2,991,422           3,059,219

Stockholders' Equity:
 Common stock, $.001 par value, 50,000,000
  shares authorized; 9,508,000 issued         9,508               9,508

 Additional paid in capital              19,896,847          19,946,848

 Accumulated other comprehensive income    (564,094)           (472,215)

 Retained earnings                          341,269             184,668

 Notes receivable for capital stock        (388,696)           (388,696)

 Less treasury shares, at cost             (407,300)           (407,300)
                                         ----------          ----------
  Total Shareholders' Equity             18,887,534          18,872,813
                                       ------------          ----------
  Total Liabilities and
   Shareholders' Equity                $ 27,518,688        $ 27,811,972
                                       ============        ============

                         See Accompanying Notes

<PAGE>
FORM 10-Q

                 CANTERBURY INFORMATION TECHNOLOGY, INC.
                    CONSOLIDATED STATEMENTS OF INCOME


                                                  Three-Months Ended
                                             February 29 and February 28,
                                                     (Unaudited)
                                         2000                 1999
                                         ----                 ----
   Service revenue                    $2,692,402         $ 2,575,702
   Product revenue                     3,261,189             226,428
                                     -----------        ------------
     Total net revenue                 5,953,591           2,802,130

   Service costs and expenses          1,604,731           1,420,398
   Product costs and expenses          2,711,778              99,914
                                     -----------        ------------
     Total costs and expenses          4,316,509           1,520,312

   Gross profit                        1,637,082           1,281,818

   Selling                               548,867             417,886
   General and administrative            942,928             907,771
                                     -----------        ------------
   Total operating expenses            1,491,795           1,325,657

   Other income/(expenses)
     Interest income                     166,153             170,949
     Interest expense                    (74,980)            (90,628)
     Other                                16,141              17,116
                                     -----------         -----------
     Total other income                  107,314              97,437

   Income before income taxes            252,601              53,598

   Provision for income taxes             96,000              10,720
                                     -----------        ------------
   Net income                         $  156,601          $   42,878
                                     ===========        ============

   Net income per share and
     common share equivalents:
       Basic net income per share   $        .02       $         .01
                                     ===========        ============
       Diluted net income per share $        .02       $         .01
                                     ===========        ============
     Weighted average number of common
       shares  - basic                 9,508,100           6,420,900
                                     ===========        ============
     Weighted average number of common
       shares  - diluted              10,295,800           6,420,900
                                     ===========        ============


                            See Accompanying Notes

<PAGE>
FORM 10-Q

                 CANTERBURY INFORMATION TECHNOLOGY, INC.
                  CONSOLIDATED STATEMENTS OF CASH FLOWS
    FOR THE THREE-MONTHS ENDED FEBRUARY 29, 2000 AND FEBRUARY 28, 1999

                                        February 29,   February 28,
                                          2000             1999
                                         ----------    -----------
Operating activities:
  Net income                             $ 156,601       $  42,878
  Adjustments to reconcile net income
   to net cash provided
   by/(used in) operating activities:
   Depreciation and amortization           257,682         260,200
   Provision for losses
    on accounts receivable                  13,824           2,058
   Deferred income taxes                   100,094         (70,160)
   Other assets                           (120,236)       (199,750)
   Changes in operating assets,
    net of acquisitions
    Accounts receivable                   (235,483)       (110,970)
    Inventory                               63,460            -
    Prepaid expenses and other assets      (46,692)        204,274
    Income taxes                             -             (41,788)
    Accounts payable                       (13,643)        (43,028)
    Accrued expenses                       (13,467)        (51,881)
    Unearned revenue                        24,648          31,970
                                          --------       ---------
  Net cash provided by
   operating activities                    186,788          23,803
                                          --------       ---------
Investing activities:
    Capital expenditures, net              (74,139)       (101,724)
                                         ---------      ----------
  Net cash used in
    investing activities                   (74,139)       (101,724)
                                        ----------     -----------
Financing activities:
    Principal payments on
     long term debt                       (237,746)        (72,701)
    Other                                  (50,001)           -
    Proceeds from payments
     on notes receivable                    24,377          81,602
                                         ---------      ----------
  Net cash provided by
   financing activities                   (263,370)          8,901
                                         ---------     -----------
Net decrease in cash                      (150,721)        (69,020)
Cash, beginning of period                1,060,434         287,274
                                        ----------     -----------
Cash, end of period                     $  909,713      $  218,254
                                        ==========     ===========




                            See Accompanying Notes

<PAGE>
                CANTERBURY INFORMATION TECHNOLOGY, INC.

            NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

1. Operations and Summary of Significant Accounting Policies

   Basis of Presentation
   ---------------------

   The accompanying unaudited consolidated financial statements have been
prepared pursuant to the rules and regulations of the Securities and
Exchange Commission.  Certain information and note disclosures normally
included in annual financial statements prepared in accordance with generally
accepted accounting principles have been condensed or omitted pursuant to
those rules and regulations.  It is suggested that these unaudited cosolidated
financial statements be read in conjunction with the financial statements and
the notes thereto included in the Company's Form 10-K for the year ended
November 30, 1999.  In the opinion of management, all adjustments (which
consist only of normal recurring accruals) necessary to present fairly
the financial position, results of operations and cash flows of all periods
presented have been made.  Quarterly results are not necessarily indicative
of results for the full year.

   Description of Business
   -----------------------
   Canterbury Information Technology, Inc. ("the Company") is engaged in
the business of providing information technology services which includes
operating computer software training companies, a management training
company and developing and selling software to individuals and corporations
in the United States.

   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 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-
Accounting for Stock Based Compensation.

   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 periods ranging from twenty to
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.

   Inventories
   -----------
   Inventories are stated at the lower of cost or market utilizing a first-
in, first-out method of determining cost.

   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
   --------------------------------
   The Company plans to adopt Statement of Financial Accounting Standards
"(SFAS)" No. 133, Accounting for Derivative Instruments and Hedging
Activities, as amended, effective at the beginning of fiscal 2001. This
statement will require derivative positions to be recognized in the balance
sheet at fair value. The Company believes that there will be no impact upon
adoption on results of operations or financial position.

   Concentration of Risk
   ---------------------
   As previously discussed, the Company is in the business of providing
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.

   Comprehenisve Income
   --------------------
   During the three months ended February 29, 2000 and February 28, 1999,
total comprehensive income (loss) amounted to $64,722 and ($156,872),
respectively.  Comprehensive income consisting of net income and unrealized
gains and losses on available for sale securities.

2. Acquisitions

   On October 20, 1999, the Company acquired certain assets and assumed
certain liabilities of U.S. Communications, Inc. (USC) from Condor
Technology Solutions, Inc. for 292,000 shares of Canterbury restricted
common stock valued at $850,000.  USC, based in Maryland, is a reseller of
desktop and server computer systems to state and local governments, as well
as commercial private sector companies in the Mid-Atlantic market.  USC
provides a wide range of information technology services as well.  They
include training, software, consulting and network design.  After the
acquisition, the Company changed the name of U.S. Communications to
USC/Canterbury Corp.  The acquisition was accounted for using the purchase
method of accounting.  The purchase price was allocated as follows:
receivables - $308,000; inventory - $209,000; other current assets -
$21,000; non-current assets - $49,000; and current liabilities - $66,000.
The excess cost over the fair value of net assets acquired was
approximately $329,000.  Goodwill is being amortized over 20 years on a
straight line basis.  The consolidated results of operations for 1999
include USC since the date of the acquisition.

3. Segment Reporting
   -----------------

   The Company is organized into three operating segments and the corporate
office.  The operating segments are:  training and consulting, hardware
sales and software sales.  Summarized financial information for the three
months ended February 29, 2000 and February 28, 1999, for each segment, is
as follows:
<TABLE>
<CAPTION>
                      Training
2000               and Consulting    Hardware    Software  Corporate      Total
----               --------------    --------    --------  ---------      -----

<S>                  <C>          <C>          <C>         <C>        <C>
Revenues              $2,692,402   $2,891,712   $369,477    $     -    $ 5,953,591
Income before taxes      200,785      286,330     31,622      (266,136)    252,601
Interest income          -            -            -           166,153     166,153
Interest expense         -                 19      -            74,961      74,980
Depreciation and
  amortization           134,684        8,152      4,500       114,678     262,014

                      Training
1999               and Consulting    Hardware    Software  Corporate      Total
----               --------------    --------    --------  ---------      -----
Revenues              $2,575,702    $ 166,549    $59,879     $    -    $ 2,802,130
Income before taxes      308,442       40,375     20,375      (315,594)     53,598
Interest income         -            -            -            170,949     170,949
Interest expense        -            -            -             90,628      90,628
Depreciation and
  amortization          141,626         6,532      2,349       109,693     260,200

4.  Property and Equipment
    ----------------------

    Property and equipment consists of the following:
                                            February 29,       November 30,
                                               2000                1999
                                            -----------        -----------
   Land, buildings and improvements       $   725,910          $  725,910
   Machinery and equipment                  4,190,522           4,116,383
   Furniture and fixtures                   1,401,696           1,401,696
   Leased property under capital
     leases and leasehold
     improvements                             732,197             732,197
                                          -----------         -----------
                                            7,050,325           6,976,186

   Less: accumulated depreciation          (4,736,722)         (4,592,357)
                                         -------------        ------------
   Net property and equipment             $ 2,313,603         $ 2,383,829
                                         =============        ============


   Depreciation expense for 2000 and 1999 was $144,000 and $152,000,
respectively.

5. Long-Term Debt
   --------------
                                          February 29,        November 30,
                                             2000                 1999
                                          -----------         ------------
   Long-term obligations consist of:
     Term loan                        $       -                $  200,436
     Revolving credit line                  2,774,620           2,774,620
   Capital lease obligations                  223,662             260,972
                                          -----------        ------------
                                            2,998,282           3,236,028
   Less:  Current maturities               (1,047,751)         (1,246,997)
                                          ------------       ------------
                                          $ 1,950,531          $1,989,031
                                          ===========        ============

   The Company's outstanding amounts owed under the term loan and credit
line with Chase Bank were refinanced in December, 1999.  Under the new
agreement, the Company paid off the remaining term debt of $200,436 and
agreed to term out the $2,774,620 credit line.  Monthly payments began in
March of 2000, and continue until December of 2001 when the final balloon
payment of $640,000 is due and payable.  Scheduled payments for fiscal 2000
total $915,000.


   The long term debt is secured by substantially all of the assets of the
Company and requires compliance with 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 $915,000 in 2000, $1,220,000 in 2001, and
$639,620 thereafter.

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

6. Capital Leases
   --------------

   Capital lease obligations are for certain equipment leases which
expire through fiscal year 2003.  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.

Year ending November 30, 2000                  $  110,846
Year ending November 30, 2001                      80,764
Year ending November 30, 2002                      44,560
Year ending November 30, 2003
     and thereafter                                 8,934
                                                 --------
Total minimum lease payments                      245,104
Less amount representing interest                 (21,442)
                                                 --------
   Present value of long-term
   obligations under capital leases              $223,662
                                                 ========

7. Securities Available for Sale
   -----------------------------
   At February 29, 2000 and November 30, 1999, the Company held investment
securities in public companies. For one of the public companies certain
officers and directors of the Company have an ownership interest in the
aggregate of less than 10%.  Management has estimated the fair value of
this investment at February 29, 2000 and November 30, 1999 at $89,721 and
$26,437, respectively, based on discounted market values due to the stock
being thinly traded and volatile.  Other equity securities have a fair value
of $81,801 and $202,355 at February 29, 2000 and November 30, 1999,
respectively.  Management has classified these investments as available for
sale and are included in non-current other assets in the accompanying balance
sheet.  The Company did not sell any available for sale securities during
2000 or 1999.

8. Related Party Transactions
   --------------------------
   During 1999, the Company performed consulting and web development
services for a start-up, non-public company in which certain officers are
members of the Board of Directors and shareholders.  The services billed
during the year totaled $521,500.  The receivable for these services is
included in other assets on the accompanying balance sheet at November 30,
1999.  As a subsequent event, in March, 2000 the Company received
approximately 278,000 shares of restricted common stock in the publicly
traded parent company in satisfaction of the receivable.

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

Liquidity and Capital Resources
-------------------------------
     Working capital at February 29, 2000 was $1,493,000.  This was an
increase of $233,000 over November 30, 1999.  The increase was caused by a
decrease in the current portion of long term debt due to the $200,000
payment made to the primary lender in December, 1999.

   The Company's outstanding amounts owed under the term loan and credit
line with Chase Bank were refinanced in December, 1999.  Under the new
agreement, the Company paid off the remaining term debt of $200,436 and
agreed to term out the $2,774,620 credit line.  Monthly payments began in
March of 2000, and continue until December of 2001 when the final balloon
payment of $640,000 is due and payable.  Scheduled payments for fiscal 2000
total $915,000.

   The long term debt is secured by substantially all of the assets of the
Company and requires compliance with 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.

   During 1999, the Company successfully completed a series of private
placements with non-affiliates.  From March, 1999 to October, 1999 a total
of four private placements occurred.  A total of 2,320,589 restricted
common shares of stock were issued.  The net proceeds totaled $1,471,220.
The Company has also issued 397,059 shares of restricted common stock as
finder fees associated with these placements.  All private placements had
registration rights.  The Company used the proceeds to repay amounts under
the term loan, for general corporate purposes and for working capital.

   Management believes that positive cash flow contributions from the
Company's operating subsidiaries will be sufficient to cover cash flow
requirements for fiscal 2000.  There was no material commitment for capital
expenditures as of February 29, 2000.  Inflation was not a significant
factor in the Company's financial statements.

   Cash flow from continuing operations for the three months ended February
29, 2000 was $187,000.  This represents an increase of $163,000 over the
prior year.  The increase is mainly attributable to the additional cash
flow provided by the USC/Canterbury acquisition.

Results of Operations
---------------------
   Revenues
   --------
   Revenues for the three months ended February 29, 2000 increased by
$3,152,000 (112%) over the comparable three-month period in fiscal 1999, due
primarily to the revenue contribution of USC/Canterbury in fiscal 2000.

   Costs and Expenses
   ------------------
   Costs and expenses for the three months ended February 29, 2000 increased
by $2,796,000 (183%) due again to the costs associated with the
USC/Canterbury acquisition in October, 1999.

   Selling expenses for the quarter ended February 29, 2000 increased by
$131,000 (31%) over the same quarter in fiscal 1999.  The increase was due
primarily to the selling costs associated with USC/Canterbury for the three
months ended February 29, 2000.


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:  None
      (b)  Reports on Form 8-K:  None

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)




April 13, 2000

</TABLE>