Mumbai: CMC, a subsidiary of Tata Consultancy Services (TCS), has reported net profit increase of 0.9% at Rs. 23.64 crore for the first quarter ended June 30, 2008, as against Rs. 23.41 crore in the corresponding quarter last financial year. Its revenue for this quarter grew 18% at Rs. 285.35 crore from Rs. 240.75 crore for quarter ended June 30, 2007. On a sequential basis, the company’s net profit slipped by 1.2% from Rs. 24.02 crore for the quarter ended March 31, 2008 to Rs. 23.64 crore for the June quarter.