Infosys’s September quarter results were mixed. Its rupee-denominated revenues grew 31.5% but it was undone by net profits which grew just 1.6% in rupee terms. Its net profit in dollar terms declined 11.1%. Yet, the company expects revenues to grow 22% by March 2014
 

Infosys reported consolidated revenues, in rupee terms, is Rs12,965 crore for the September quarter, a growth of 31.5%, over the same period last quarter. This was helped by a weaker rupee. On the other hand, its consolidated revenues in dollar terms grew 15% to $2,066 million.
 

However, its consolidated net profits remained stagnant. Net profit, in rupee terms, is reported to be Rs2,407 crore for the quarter ended 30 September 2013, a growth of just 1.6% over the same quarter a year ago. On the other hand, its dollar-denominated net profit actually declined 11.1% to $383 million.
 

The company expects its rupee denominated revenues to grow 21%-22% while its dollar-denominated revenues to grow just 9%-10%.
 

"During the quarter, we witnessed broad-based volume growth, robust client additions, five large deal wins and increased sales momentum of our big data and cloud offerings.
This growth is a result of our focus on execution, which helps our clients achieve their objectives," said SD Shibulal, managing director and chief executive.
 

 “The global currency market remains volatile with the Indian rupee depreciating by 11% during the quarter. We have an active hedging program to minimise its impact on our margins. We will continue our focus on optimising costs and enhancing the efficiency of our operations,” said Rajiv Bansal, chief financial officer.
 

Some of the highlights of the quarter are:
 

# Infosys and its subsidiaries added 68 clients during the quarter.
 

# Entered into a four-year engagement with Toyota Motor Europe to manage its Pan-European application support. This contract covers key operational areas including core automotive processes and corporate functions, under a managed service model.
 

# Its products and platforms business added 15 clients (excluding Finacle™).
 

# Finacle™ division added 18 new clients across South Asia, South East Asia, the Middle East, Europe, and Australia-New Zealand.
 

Apart from this, the company’s liquid assets including cash and cash equivalents, available-for-sale financial assets, and government bonds were Rs26,907 crore as on September 2013 versus Rs24,078 crore as on June 30, 2013.
 

The company has declared an interim dividend of Rs20 per share.
 

At 11.10am on Friday, Infosys was trading 5.2% up at Rs3,285 on the BSE, while the benchmark Sensex was up 1% at 20,473.