Bangalore, April 14:

Beating its own revised guidance for the second year in succession, Infosys Technologies Ltd on Friday crossed another milestone by posting a record consolidated revenue of Rs 95.21 billion under the Indian GAAP, or $2.15 billion under the US GAAP, for the fiscal year 2005-06.

As a result, the company’s consolidated income, including its subsidiaries, grew by 33.5 per cent under the Indian GAAP (generally accepted accounting principles) and by 35 per cent under the US GAAP respectively for the fiscal year (FY 2006) under review.

“It took us 23 years to reach the first billion dollars in revenue, while we reached the next billion dollars in 23 months. The global IT services industry is showing signs of stronger growth and Infosys is well poised to take advantage,” said Infosys CEO, president and managing director Nandan M. Nilekani in a statement.

According to the company’s financial statement, India’s second largest IT bellwether posted a net profit of Rs.24.58 billion, registering year-on-year growth of 33.2 per cent. Similarly, the earnings per share (EPS) grew by 31 per cent to Rs.90.06 from Rs.68.79 a year ago.

For the fourth quarter of 2006, the company posted net profit of Rs.6.73 billion.