Infosys Technologies, India's second largest software services exporter, reported that the company was able to earn consolidated net profit of Rs 1,641 crore for the Q3 that ended December 31, 2008 as against Rs 1,231 crore in the corresponding quarter a year ago.

A release which was issued to BSE today by Infosys, said, “The Q3FY09 topline has increased 35.5% to Rs 5,786 crore from Rs 4,271 crore in Q3FY08, beating the recession blues which is clouding the global businesses.”

The company registeredis an increase of 33% in the Q3 diluted EPS (Earnings Per Share) at Rs 28.63 as against Rs 21.47 a year ago.

Furthermore, the third quarter also saw an impressive rise in the operating profit by 45% at Rs 2,031 crore. It should also be noted that the net profit has moved up by 14.5 per cent while the topline has increased by 6.7 per cent on a sequential level.

During the Q3, the company was helped by the depreciating rupee even as it added 30 clients.

S Gopalakrishnan, CEO and Managing Director, Infosys Technologies reported, “In a challenging environment, our focus is on creating value for clients, running an optimized business, and evolving our business model that will allow us to emerge stronger when the global economy starts recovering.”