CMC LIMITED
RESULTS FOR Q3 FY 2013-14
Q.E.DEC 2013
· HIGH
LIGHTS
· CMC grows 14% y-o-y in Q3FY14
· Operating revenue at Rs. 560.93 Cr - growth of 14%
y-o-y
· Net Profit at Rs. 70.54 Cr – Growth of 16% y-o-y
· International business growth of 13% y-o-y
· 14 new clients addition during the quarter
CMC Limited
announced consolidated Operating revenue of Rs. 560.93 Cr in quarter ending
December 31, 2013, which represents growth of 14%. The company earned profit after
tax of Rs. 70.54 crore, representing growth of 16% y-o-y.
On a cumulative
basis the Company earned operating revenue of Rs. 1607.72 crore in the first 9
months of current financial year, resulting in growth of 15% over corresponding
period last year.
“The revenue
growth in this quarter has been in line with our expectation, considering that
traditionally Q3 is not a growth quarter in the international markets” said R
Ramanan, CEO and MD.
“The Company
continues to find good traction across geographies and added 14 clients during
the quarter” he added.
Mr. Ramanan also
said “The Company continues to focus on people excellence and was assessed at
PCMM level 5 by SEI during the quarter”.
About CMC Limited
Incorporated in
1975, CMC is a pioneer Information Technology solutions provider in India and
is a subsidiary of Tata Consultancy Services Limited, Asia’s largest software
Company. Operating out of 18 offices and 180 service locations in the country,
CMC employs over 10,000 people and has a wholly owned subsidiary in USA called
CMC Americas, Inc.
CMC’s vision is
to operate globally and bring the benefit of Information Technology to improve
the productivity of its customers and the quality of its customer’s products
and services. CMC combines horizontal expertise in Information Technology with
its vertical experience developed by working in a wide range of Industries.
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