CMC Q3 PAT up 16% yoy at Rs 70.54 cr

The company‘s cumulative operating revenues (for the first 9 months) have grown 15 percent to Rs 1607.72 as against the corresponding period last year.

January 14, 2014 / 10:48 IST

live

bselive
nselive

Volume

Todays L/H

Moneycontrol Bureau

IT solutions provider CMC Limited’s Q3 consolidated operating revenues grew by 14 percent to Rs 560.93 crore and the profit after tax was up 16 percent on a y-o-y basis at Rs 70.54 crore.

The company’s cumulative operating revenues (for the first 9 months) have grown 15 percent to Rs 1607.72 as against the 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 the company CEO & MD R Ramanan.

CMC is a subsidiary of Tata Consultancy Services Limited and has 18 offices and over 180 service locations in the country.

first published: Jan 13, 2014 09:51 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347