IT solutions provider CMC today posted 8.79% decline in consolidated net profit at Rs 41.37 crore for the quarter ended December 31, 2011.
The Tata group firm had a net profit of Rs 45.36 crore in the same period previous fiscal.
However, its revenues rose 44.54% to Rs 396.17 crore during third quarter of FY12 as against Rs 274.09 crore in the same period last year.
"The company has built strong growth momentum in a challenging business environment with all geographies contributing to growth," CMC CEO and Managing Director R Ramanan said.
During the quarter, CMC added 1,474 employees and reported lower attrition rate of 18.7%.
