Infosys Technologies reported revenues of Rs 6,947 crore for the quarter ended September 30, registering a growth of 12.1 per cent over the previous quarter. The company has posted a strong growth of over Rs 1,737 crore, on the back of good client relations and new investments.

Infosys Technologies CEO and MD S Gopalakrishnan said, "Though the economic environment continues to be challenging, we have leveraged our client relationships, solutions and investments to grow faster in this quarter". He further added, "Our operating margins improved during the quarter while our liquidity position was further strengthened with cash and cash equivalents reaching USD 3.9 billion."

The company also proposed a special dividend of Rs 30 per equity share to celebrate its 30th anniversary. This is besides the proposed interim dividend of Rs 10 per equity share on the face value of Rs 5 each.

Infosys added 27 clients during the quarter. The company also announced gross addition of 14,264 employees (net addition of 7,646) for the quarter. Infosys employed 1,22,468 people, as on September 30, 2010.

For third quarter, the company expects earnings in the range of 66 cents to 67 cents per ADS, representing growth of 11.9 to 13.6 percent from last year. Revenues are projected between $1.55 billion and USD 1.56 billion, an increase of 25.6 to 26.8 percent from last year. Analysts project earnings of 64 cents per ADS on revenue of USD 1.47 billion.

On the standalone basis, the company has reported a growth of 14.11 per cent in its net profit at Rs 1,641 crore, over the same period previous fiscal.