CMC reports Rs 14.96 cr PAT

Kolkata, July 17 (UNI) CMC Limited, a subsidiary of Tata Consultancy Services, today reported profit after tax of Rs. 14.96 crore for the quarter ended June 30, 2006, as compared to Rs. 15.33 crore in the corresponding period last year.

CMC 's total revenue (including other income) increased by 14 per cent to Rs. 232.35 crore for the quarter ended June 30, 2006 compared with Rs. 204.50 crore (including Rs 13.96 crore earned from sale of properties) in the corresponding period last year. The consolidated operating revenues of the company along with its wholly owned subsidiary, CMC Americas, for the quarter ended June 30, 2006 was Rs. 251.23 crore, an increase of 25 per cent compared to Rs. 200.55 crore earned in the corresponding period in the previous year.

The consolidated profit after tax for the quarter ended June, 2006 was Rs. 16.16 crore.

CMC's wholly-owned US subsidiary, CMC Americas; Inc. continued to drive international growth with revenues of .65 million at the end of the quarter, an increase of 42 per cent over the corresponding period last year.

International business increased by 61 per cent compared with corresponding period last year and share of international business in total operating revenue increased to 29 per cent compared with 22 per cent in the corresponding period last year.

''Sustained growth in the American and UK markets helped CMC to achieve impressive growth in international business, where we won new engagements in IT enabled services, insurance and embedded systems as well as a significant digitization assignment from a large utility company in UK in synergy with TCS'', said R.Ramanan, CEO and MD of CMC Ltd.

CMC's proposal to set up a sector specific Special Economic Zone for IT/ITeS sector at its Gachibowli campus spread across an area of 20.59 hectares has been approved by the Ministry of Commerce and Industry, he said.

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