Infosys' 'other income' zooms nearly five times

Infosys' 'other income' zooms nearly five times

As a result, the global software major's cash reserves, including investments in liquid mutual funds, has increased to Rs.14,449 crore in the quarter under review (Q3) from Rs.9,488 crore in the same quarter a year ago (FY 2008-09).

“We maintained our margins and cash reserves reached $3.1 billion, as rupee appreciated by 3.7 percent during the quarter,” Infosys chief financial officer V. Balakrishnan said in a statement here.

The company's cash reserves at the end of the second quarter (July-September) this fiscal was Rs.13,796 crore.

Similarly, for the first nine months (April-December) of this fiscal, other income grew by 230 percent to Rs.738 crore from Rs.221 crore in the same period a year ago.

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