“We have seen strong growth in systems integration and IT-enable services (businesses),” CMC chief executive officer and managing director R Ramanan told reporters
New Delhi: IT solutions provider CMC reported 47.59% increase in consolidated net profit at Rs61.06 crore for the quarter ended 31 December 2012, driven by all-round growth across sectors and geographies, reports PTI.
The Tata group firm had posted a net profit of Rs41.37 crore during the same period last financial year.
Total income from operations for the company rose 24.43% at Rs492.97 crore the second quarter of 2012-13 compared to Rs396.17 crore in the same period last year.
“We have maintained our growth momentum in domestic and international market. We have seen strong growth in systems integration (SI) and IT-enable services (businesses),” CMC chief executive officer and managing director R Ramanan told PTI.
SI business contributed Rs315.7 crore, while IT enabled services accounted for Rs74.56 crore to the revenues during the reported quarter.
Revenues from customer services business stood at Rs78.07 crore, while those from education & training and Special Economic Zone (SEZ) were at Rs14.40 crore and Rs10.19 crore, respectively.
International revenues contributed 68.3% of the company's total sales.
The company added 26 new clients across geographies during the quarter, Ramanan added.
“There was broad-based growth in Indian and international markets. International business share stood at 68.3% during Q3... services business share stood at 94.3% in the quarter,” Ramanan said.
“During the quarter, CMC has a net employee addition of 473, taking the total headcount to 11,224,” he added.
Asked about the demand environment, Ramanan said the company expects to see “increased spend in domestic market, driven especially by the government sector.”
Set up in 1975, CMC is a subsidiary of country’s largest software services company Tata Consultancy Service (TCS).
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