CMC net profit up 9% in Q4

Mumbai-based CMC, "" a subsidiary of Tata Consultancy Services (TCS) "" announced a 9 per cent rise in its consolidated profit after tax at Rs 24.02 crore for the quarter ended March 31, 2008, compared with Rs 21.91 crore in the corresponding quarter last year.

The firm, however, reported an 8 per cent fall in its revenue for the quarter ending March 2008 at Rs Rs 265.8 crore compared with Rs 290. 58 crore in the corresponding quarter in FY07.