| The company is also on way its way to breaking into the billion dollar annual turnover club with its revenues touching Rs 1,122 crore during the period, a growth of 30.7 per cent compared with the corresponding quarter last year. |
| "The billion dollar revenue rate is a clear outcome of the many large client we have won over the last few quarters," chairman and CEO Shiv Nadar said. |
| The growth in profits comes on the back of several large deals by the company and divestment in holdings in some venture capital funds. |
| Nadar said the company expects its operating profit margins to remain stable during the current quarter. It will hire around 1,700 new employees for this quarter. |
| The company also announced an interim dividend of 200 per cent per share of face value Rs 2. |
| Among the major deals signed during the year was the largest Indian IT deal with European retail giant DSG International Plc. |
| "During the third quarter the company divested the entire portfolio of investments held since 2000 in some venture capital funds. These investments, with a current carrying value, of $18.27 million were sold for a gross consideration of $28.38 million," SL Narayanan, corporate vice-president (finance), said. |
| Vineet Nayar, president, said that emerging areas continued to be strong growth drivers, with infrastructure services growing by a robust 58 per cent. |
| "The third quarter performance in the BPO space has been consistent with our projections, and we added 359 employees against large contracts that will be executed in the coming months," Ranjit Narasimhan, head of BPO operations, added. |
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