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Consolidated net sales were flat at Rs 561 crore as against Rs 560.7 crore quarter-on-quarter due to less growth in systems integration business that contributes 64 percent to total revenues.
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.
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.
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.
Shares of IT solutions provider CMC rose over 4% on Monday morning, after the company's strong topline show in the third quarter. The company, which is a subsidiary of India's top software services exporter TCS, also saw its third quarter consolidated net profit rise 27% sequentially to Rs 41.4 crore, although down 9% from a year ago.
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.
