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Mumbai, Oct. 16

CMC, a subsidiary of Tata Consultancy Services, has recorded a 17.7 per cent rise in consolidated net profit for the second quarter ended September 2008 to Rs 27.09 crore as against Rs 23 crore reported in the corresponding quarter a year ago. The company benefited by a surge in other income at Rs 17.6 crore (Rs 5.63 crore). However, revenues were down by 22.6 per cent to Rs 212.3 crore (Rs 274.6 crore). On a sequential basis, the net profit was up by 14.7 per cent.

— Our Bureau

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