CMC Q2 net down 25.39%

By agencies   |   Wednesday, 12 October 2005, 19:30 IST
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BANGALORE:CMC, the IT solutions provider reported a 25.39 percent drop in second quarter at $2.3 million for the quarter ended September 30, 2005, as compared to $3.2 million for the same quarter last financial year. Total revenue increased 11.6 percent to $44 million from $40.2 million in Q2-05, the Hyderabad-based company informed the BSE. CMC, a part of the Tata group, has reported consolidated profit of $2.27 million for the second quarter against $3.6 million in the previous year. Total revenue grew to Rs $47 million.