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CMC: 'Extraordinary' impact!

(Mar 14, 2006)

TCS' subsidiary, CMC had recently announced results for the third quarter ended December 2005. For 3QFY06, the company reported a disappointing performance in the topline, due to subdued performances of its key business segments. However, margins remained flat during the quarter. This quarter, as was the case in the previous quarter as well, substantially higher other income resulted in net profit growing at a strong pace. However, this time again, the rise in other income was due to an extraord

CMC: Globally inclined!

(Oct 19, 2004)

CMC had recently announced its results for the quarter and half year ending September 2004. For 2QFY05, while the company reported a YoY dip in the topline, profits grew strongly on the back of improvement in operating margins. Profit growth could have been stronger but for a substantial drop in other income.

CMC: Steep valuations

(Feb 19, 2003)

For CMC, the December quarter was a healthy one. The company, which is now part of the Tata group, has been able to post a 21% growth in its revenues YoY during the quarter. However, the highlight of the performance was a steep improvement in operating margins as the company reigned in its expenses tightly. Consequently, it’s net profits jumped by 45% during the same period.

CMC: Bad 4QFY02

(Jun 12, 2002)

CMC that had managed to post growth in topline and bottomline (on a YoY basis) for the first 3 quarters of FY02 has posted a decline in net profits and revenues during 4QFY02. This is probably due to the weak business environment the technology sector has been facing.

CMC: A good sell

(Oct 8, 2001)

The government has finally done it! Done something concrete about divestment. But on the flip side GOI has been prompt to sell a technology company at a time when the technology sector has almost become a taboo with the investment community.

PC Industry: Strong growth

(Aug 10, 2001)

According to the figures released by MAIT (), the PC industry for FY01 showed a growth of 34% in volume terms and 26% growth in value terms. This is due to the fact that average realisation per PC came down by 5.7%. However, the trend was slightly different for the Notebook market. While the volumes grew by 26% revenues grew by 36% on the back of a significant 20% jump in realisations.

CMC: Slow and steady

(May 3, 2001)

CMC has recored a 17% growth in topline for FY01. While the growth in the topline has not be so signficant the net profit has jumped by an impressive 92%. The company has managed to improve its operating margins by 200 basis points for FY01. This is mainly due to the staff costs of the company coming down from 23% of revenues in FY00 to 18% in FY01.

CMC records 50% growth in profits.

(May 3, 2000)

CMC Ltd.. is engaged in computer education as well as providing software solutions by way of software implementation, maintenance and development.

CMC posts mere 14% rise in net

(Oct 23, 1999)

CMC posted a mere 14% rise in net profit (Rs 21 m) in 2QFY2000. Sales have improved by only 7.1% (Rs 1bn). The company's operating expenses have appreciated by 8.3%, while interest cost has increased by 46.4%.

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