CMC posts a revenue of Rs. 205.0 crore and net profit of Rs. 9.3 crore for quarter ended December 2004
Mumbai, January 12, 2005

CMC Limited, a subsidiary of Tata Consultancy Services Limited and a part of the Tata Group today announced its financial results for the quarter ended December 31,2004. The Company earned a revenue of 205.23 crore, an increase of 1.7 per cent over the corresponding quarter of the previous year. Despite an increase of 22 per cent in the revenue of Systems Integration SBU from Rs. 50.69 crore to Rs. 62.25 crore, the overall revenue growth has been marginal due to decline in revenue from Customer Services SBU from Rs. 138.72 crore to Rs. 129.70 crore. Overall there was pressure on margins resulting in drop in profit after tax from Rs. 10.89 crore to Rs. 9.28 crore.

For the nine months ended December 2004. The total revenues of the Company increased by 4 per cent to Rs. 561.01 crore compared with Rs. 545.93 crore in the corresponding period in the previous year. The Company's profit after tax increased by 45 per cent to Rs. 39.79 crore compared to Rs. 27.45 crore in the corresponding period in the previous year. The consolidated revenues of the Company along-with its wholly owned subsidiary, CMC Americas; Inc. for the same period was Rs. 591.01 crore compared to Rs. 574.69 crore achieved in the corresponding period last year. The consolidated profit after tax increased by 73 per cent to Rs. 41.32 crore compared with Rs. 23.94 crore achieved the corresponding period last year.

About CMC

Incorporated in 1975, CMC is one of the premier Information Technology solutions providers in India, with a consolidated turnover of Rs. 802 crore for 2003-04. Operating out of 18 offices and 180 service locations in the country, CMC Limited employs around 3000 people and has a wholly owned subsidiary in USA called CMC Americas, Inc.

CMC's vision is to operate globally and bring the benefit of Information Technology to improve the productivity of its customers and the quality of its customer's products and services. CMC combines horizontal expertise in Information Technology with its vertical experience developed by working in a wide range of Industries. After the successful disinvestment of CMC by the Government of India, CMC has become a subsidiary of TCS Ltd.,which is Asia's largest software company.