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Discussing the earnings details, N Chandrasekaran, CEO and MD, TCS, said the second quarter has been good in terms of volume and robust utilisation rates, but the company "typically does better in Q2â€.
Outlining the firm‘s progress in the quarter, CMC CMD R Ramanan said 14 clients in the last quarter and saw growth in mining, e-governance and transport verticals.
Speaking to CNBC-TV18 on the Q1 earnings, R Ramanan, managing director and chief executive officer, CMC says the company‘s revenues tend to be lumpy due to system integration projects.
CMC's first quarter consolidated net profit declined 9 percent to Rs 53 crore on higher tax outgo and revenue was up 8 percent to Rs 486 crore.
After CMC improved its margins by almost 124 bps (YoY) in its operational profit and about 170 bps (YoY) in its profit after tax (PAT), R Ramanan, MD & CEO of the company says they will be operating between 15 percent and 17 percent margins for the company.
CMC Limited, an information technology service, consulting and software company reported good Q3 numbers, there clients increased this quarter. Over the nine month period the company had good growth in terms of revenue, EBITDA and profit margin, said R Ramanan, CEO & MD of CMC to CNBC-TV18.
CMC‘s EBITDA performance has improved on a QoQ basis. They have done margins of about 17 percent this quarter. In an interview to CNBC-TV18, R Ramanan, MD & CEO at CMC said that our international sales revenue has grown and much of it has been due to SI growth.
Prabhudas Lilladher has come out with its earnings estimates on Information Technology sector for December quarter FY13. The research firm expects, Infosys – FY13 USD organic revenue guidance likely to be revised downward by ~1.5 percentage point.
In an interview to CNBC-TV18, R Ramanan, managing director and chief executive officer, CMC highlighted that the company experienced broad-based growth in the second quarter.
Prabhudas Lilladher has come with its earning estimates on IT sector for June quarter. According to the research, Tier 2 IT companies to participate in the growth momentum.
Tata Consultancy Services' subsidiary CMC announced its third quarter results. R Ramanan, the managing director and CEO of CMC tells CNBC-TV18 that they have had 21 client additions.
CMC has announced its first quarter results. In an interview with CNBC-TV18, R Ramanan, CEO and MD, CMC Ltd says, the company will be operating between 16-18% operating margins during this year.
In an exclusive interview with CNBC-TV18’s Anuj Singhal and Latha Venkatesh, R Ramanan, Managing Director and CEO of CMC, says that the company is looking at increasing their presence in the Middle East, Africa and the SAARC countries.
The IT sector will soon kick start the earnings season. Sandip Agarwal of Antique Stock Broking and Ganesh Duvvuri of Edelweiss Capital, in an interview on CNBC-TV18, agree that TCS’ earnings growth will be slightly better than Infosys.