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This is an archive article published on January 13, 2012

CMC Q3 Net down 8.79 at Rs 41

CMC posted 8.79 per cent decline in consolidated net profit.

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IT solutions provider CMC today posted 8.79 per cent decline in consolidated net profit at Rs 41.37 crore for the quarter ended December 31,2011.

The Tata group firm had a net profit of Rs 45.36 crore in the same period previous fiscal.

However,its revenues rose 44.54 per cent to Rs 396.17 crore during third quarter of FY8217;12 against Rs 274.09 crore in the same period last year.

8220;The company has built strong growth momentum in a challenging business environment with all geographies contributing to growth,8221; CMC CEO and Managing Director R Ramanan said.

During the quarter,CMC added 1,474 employees and reported lower attrition rate of 18.7 per cent.

 

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