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Article: CMC's thrust on intl, services biz beginning to pay off: CFO.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- April 14, 2009
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CMC's thrust on intl, services biz beginning to pay off: CFO
Mumbai, Apr 14 (PTI) Infotech solutions provider CMC Ltd, a Tata group company, today said that as part of its strategy it would give a strong thrust to its high-margin international and services solutions businesses.
"It is our strategy to defocus on our low-margin equipment business and give a strong thrust to our international and services solutions businesses," CMC CFO J K Gupta told PTI here.
The company's strategy to improve its business mix in the last one year has worked in that its operating margins and net profit margin have expanded.
The company, a subsidiary of ...