Press release

CMC Results - FY 15 (Q1)

CMC revenue grows 22%, operating profit up 18%


Highlights
Operating revenue at Rs. 592.64 crore - growth of 22% y-o-y. EBITDA at Rs. 91.09 crore - Growth of 18% y-o-y.
Broad based growth in India and international markets; International business growth of 28% y-o-y
12 new clients added during the quarter
Net addition of 283 employees
Mumbai, July 16, 2014: CMC Limited announced consolidated Operating revenue of Rs. 592.64 crore in quarter ending June 30, 2014, which represents a 22% growth over the corresponding period last year. The company earned operating profit (EBITDA) of Rs. 91.09 crore registering a growth of 18% over the corresponding period last year.
In the light of the Companies Act, 2013, the Company has revised its estimated useful life of fixed assets, wherever appropriate effective 1st April, 2014. This has resulted in higher charge of depreciation by Rs. 24.24 crore during the quarter ended 30th June, 2014.
"We continue to see robust growth in the international markets, across geographies" said R Ramanan, MD & CEO. "The Company's software solutions and offerings in embedded systems have found increased traction in Middle East & Africa and European markets" he added.
"The domestic market is expected to turn promising after the recent budget announcements and growth initiatives mentioned by the newly elected government" added Mr. Ramanan.
Awards & Certifications:
The Company was awarded the "DMA Thomas assessment national Award for Excellence in HR Process Digitization -2014" of Delhi Management Association (DMA).
About CMC Limited
Incorporated in 1975, CMC is a pioneer Information Technology solutions provider in India and is a subsidiary of Tata Consultancy Services Limited, Asia's largest
software Company. Operating out of 18 offices and 180 service locations in the

country, CMC employs over 11,000 people and has a wholly owned subsidiary in
USA called CMC Americas, Inc.
CMC's vision is to operate globally and bring the benefit of Information Technology to improve the productivity of its customers and the quality of its customer's products and services. CMC combines horizontal expertise in Information Technology with its vertical experience developed by working in a wide range of Industries.
Contact: Saurabh Kesharwani, saurabh.kesharwani@cmcltd.com; Cell:
+919820071107
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