Infosys projects 31 percent growth in 2005-06

Technology bellwether Infosys Technologies Ltd. has again upped its guidance for 2005-06, projecting 31 percent growth in the fiscal.
In a notification to the stock exchanges here Tuesday, the company said its consolidated income for the year is expected to be Rs.93.61-93.83 billion under the Indian GAAP (generally accepted accounting principles).

The company's income during the October-December third quarter of the current fiscal is expected to be Rs.24.43-24.52 billion, a year-on-year growth of 30.25-30.73 percent.

Similarly, the earnings per share (EPS) for the complete year are expected to be Rs.89.40, a YoY increase of 29.38 percent.

Under US GAAP, consolidated revenue for the entire fiscal is estimated to grow 34.42 per cent.

Consolidated earnings per American Depositary Share (ADS) is estimated to be about $2.05, a YoY increase of 30.6 percent.

For the third quarter, gross income is expected to be in the range of $556-558 million, a YoY growth of 31.50 per cent. Earnings per ADS is likely to be $0.53, an increase of 26.19 per cent.