VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   CMC Limited has announced that the Company’s Board of Directors has appointed Ashok Sinha as Independent Director. S Ramadorai, Chairman, CMC Ltd. said, “Mr. Ashok Sinha’s extensive business experience will enrich the deliberations of the CMC Board and I am sure that his contribution and counsel will be of great value to the Company in the years to come.” For More Details See www.varindia.com

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Pingar has announced the expansion of its global partner network with the signing of an agreement with CMC Limited. The agreement, Pingar's first partnership in India, is believed to provide CMC and its enterprise clients with an increased ability to manage unstructured data to gain efficiency and improve the quality of business process, collaboration and content management programs. R. Ramanan, CEO & MD, CMC said, "Our client base demands that we provide technology for continuous improvements to business operations. Pingar's ability to integrate with existing enterprise systems and extend their capabilities to gain efficiencies and strategic knowledge from unstructured data represents a rich area of value to CMC customers." Peter Wren-Hilton, CEO, Pingar said, "CMC's culture of high levels of service delivery and innovative solutions fits with Pingar's emphasis on pioneering research and development. Their...

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE 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. ...