Mumbai: CMC, a subsidiary of Tata Consultancy Services (TCS), reported net profit of Rs. 23.64 crore for the first quarter ended June 30, 2008, a mere increase of 0.9 per cent from Rs. 23.41 crore in the corresponding quarter last financial year. Revenue of the firm at Rs. 285.35 crore for this quarter grew by 18 per cent from Rs. 240.75 crore for quarter ended June 30, 2007. On a sequential basis, the company’s net profit slipped by 1.2 per cent from Rs. 24.02 crore for the quarter ended March 31, 2008 – and revenue rose 7 per cent from Rs. 265.8 crore.