Mumbai: CMC, a subsidiary of Tata Consultancy Services (TCS) has declared results for the quarter ended September 30, 2007. The company's consolidated net profit in the quarter grew by 93.2 per cent to Rs 23 crore compared with Rs 11.9 crore in the corresponding quarter last year. The year on year revenues increased by 13.6 per cent to Rs 275.2 crore from Rs 242.2 crore.

On a sequential basis, the company's net profits grew by 42.3 per cent from Rs. 16.16 crore and revenues were up 9.5 per cent from Rs 251.2 crore. The domestic market accounts for almost 65 per cent of the company's revenues and the remaining 35 per cent comes from the international market. The focus on education, systems integration and customer services businesses, has contributed to the company's growth