Infosys' cash, equivalents cross $2 bn mark

"The cash and cash equivalents, including investments in liquid mutual funds and certificate of deposits, as on March 31, 2009 were Rs 10,993 crore (Rs 109.93 billion)," a company statement said.

Commenting on the liquidity and capital expenditure plans of the company, Infosys Technologies chief financial officer V Balakrishnan said: "We improved our operating margins during fiscal 2009 despite a very difficult global economic environment combined with highly volatile currency markets."

"We have a strong balance sheet with cash and cash equivalents of over $2 billion," Balakrishnan added.

Besides, the software firm is comfortably placed in terms of current assets for the financial year ended March 31, 2009, at Rs 12,288 crore (Rs 122.88 billion), a major source of fund for companies to meet their day to day expenses.

At the end of the fourth quarter of the last fiscal, the company's current assets stood at Rs 12,288 crore (Rs 122.88 billion), a rise of 44.63 per cent from the previous period a year ago.