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. CMC had consolidated revenue of Rs. 871 crore for 2009-10. Operating out of 18 offices and 180 service locations in the country, CMC employs around 5600 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.
Highlights – Consolidated results for FY 2009-10
• Operating Profit (EBITDA) is Rs. 162.72 crore, an increase of 28% over 2008-09
• Consolidated operating revenue is Rs. 870.73 crore
• Consolidated Operating Margin increased by 510 basis points.
• Profit after Tax grew by 23% from Rs. 116.15 crore to Rs. 143.23 crore
• Strong growth in international business drives margin expansion
• American Subsidiary business grew by 34% in Dollar terms
• Cash and Cash equivalent of Rs. 263 crore.
• Increase in Dividend to Rs. 20 per share of face value of Rs. 10
http://www.cmcltd.com/investor_centre/financial_reports/downloads/CMC%20Press%20Release%20FY%202010.pdf