CMC Q1 net up 66% at Rs 46 cr

IT firm CMC today posted a 65.73 per cent increase in its 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.

The firm's 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.

CMC, a subsidiary of software major Tata Consultancy Services, provides a spectrum of IT solutions and services across infrastructure, applications and business processes to government and private sector.

On standalone basis, CMC posted an increase of 52.48 per cent in net profit at Rs 40.79 crore for Q1 FY 2010-11 from Rs 26.75 crore in the same quarter last year.

 

Revenue was up 3.27 per cent at Rs 179.39 crore for the said quarter as compared to Rs 173.70 crore in the quarter ended June 30, 2009.