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CMC Posts Financial Results for the Quarter Ended June 30, 2010

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. With 18 offices, 150 service locations, 520 non-resident locations and over 5,551 employees worldwide, CMC provides a wide spectrum of unique Information Technology solutions and services to a clientele of premier organizations in the government and private sectors.

Highlights

•Revenue of Rs 173 crore for the quarter ended June 30, 2010, as against Rs 257 crore in the same quarter last year
•Net profit was at Rs 26 crore during the quarter under review as compared to Rs 23 crore during the corresponding quarter last year
•Consolidated net profit for the quarter ended June 30, 2010 at Rs 46.44 crore as against Rs 28.02 crore for the same period last year, up 65.73 per cent
•Consolidated revenue for the June quarter of 2010 stood at Rs 245.14 crore as against Rs 210.90 crore for the same quarter last year, up 16.23 per cent
•Earnings per share stood at Rs 17.66 compared to Rs 15.20 during the corresponding quarter last year

http://www.cmcltd.com/downloads/CMC%20Financial%20Results%20-%20FY%2011(Q1).pdf

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Posted by Guru's Pick on Sunday, September 26, 2010 8:17 PM
     
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