One of the country's largest software exporters, Infosys, posted a 35.5 per cent increase in revenue for the October-December quarter of 2008-09 at Rs 5,786 crore.
The Bangalore-headquartered, NASDAQ-listed firm and its subsidiaries added 30 clients during the quarter.
"In a challenging environment, our focus is on creating value for clients, running an optimised business, and evolving our business model that will allow us to emerge stronger when the global economy starts recovering," CEO and Managing Director S Gopalakrishnan told a press conference.
However, the company projected a lower growth rate for the fourth quarter, and fiscal year 2008-09.
The company expects revenue in the range of Rs 5,494-5,699 crore in the fourth quarter, a year-on-year growth rate of 21-25.5 per cent. For the financial year ending March 31, 2009, it expects revenue to be in the range of Rs 21,552-21,757 crore, a year-on-year growth rate of 29.1- 30.3 per cent.
Chief Operating Officer S D Shibulal said if the value of the rupee with respect to the dollar were held to be constant, pricing declined by 1.8 per cent during the December quarter.
"We are comfortable with the current pricing environment and believe that the pricing could get impacted if the situation worsens further," he said.
Chief Financial Officer V Balakrishnan said the company's operating margins during the quarter increased primarily due to the depreciation of the rupee, which was to some extent offset by the depreciation of other major currencies against the US dollar.
"Our robust and flexible operating and financial models position us well in the current uncertain economic environment," he said.
The company's cash and cash equivalent, including investments in liquid mutual funds and certificates of deposits, as on December 31, 2008, was Rs 9,686 crore (Rs 7,933 crore as on December 31, 2007).
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