Hi Visvanath,
Glad you found it hepful. I have ran the same tests against Moodle 2.4 beta - results at http://www.iteachwithmoodle.com/2012/11/17/moodle-2-4-beta-performance-test-comparison-with-moodle-2-3/
Spoiler: it breaks your theory of Moodle following Moore's law
Cheers,
Fred