CMC rolls out Q3 2011-12 Results

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

CMC rolls out Q3 2011-12 Results

CMC has announced consolidated operating revenue of Rs.395.84 crore in the quarter ending December 31, 2011, which represents 45-per cent growth over the corresponding period last year and sequential growth of 11 per cent. The company earned profit after tax of Rs.41.37 crore, representing sequential growth of 27 per cent.

On a cumulative basis, the Company earned operating revenue of Rs.1,058.04 crore in the first nine months of the current financial year, resulting in growth of 34 per cent over corresponding period last year. The company has added 1,474 employees during the current quarter buoyed by the growth in business. The attrition rate during the quarter fell to 18.7 per cent from 22.2 per cent in the previous quarter.

"The company has built strong growth momentum in challenging business environment with all geographies contributing to growth. The company added 21 clients across geographies," said R. Ramanan, CEO & MD.


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