India's second biggest software major Infosys has recorded around 14% growth in its consolidated net profit, which stood at Rs 1,818 crore for the three month period ended March 31, 2011.

The company's quarterly outcomes failed to meet up the market expectations.

In addition, the company's directors have announced a final dividend of Rs 20 a share on every share of Rs 5 held for the full fiscal.

IT giant registered a net profit of Rs 1,600 crore in the same period of last financial year (2009-10).

But, analysts stated that the market was anticipating 3.3-6.7% increase in Infosys' consolidated net profit between Rs 1,839.40 crore and Rs 1,899.20 crore for the three month period ended March 31, 2011.

Earnings from software services, items and BPM grew 22% to Rs 7,250 crore during the period under review as against Rs 5,944 crore in the same period last year.

Infosys, while declaring its third quarterly outcomes earlier, had provided Q4 income guidance in the range of Rs 7,157 crore-Rs 7,230 crore, and predicted income for the twelve month period ending March 31, 2011, in the range of Rs 27,408 crore-Rs 27,481 crore. Infosys CEO and MD, Mr. S. Gopalakrishnan stated, "We expect the demand environment to be normal this year for the industry. We have created a structure with strong customer driven vertical focus and have enhanced our investment to take advantage of the opportunities we see in the market."

Infosys anticipates profits in the range of Rs 7,311 crore-Rs 7,382 crore for the three month period ending June 30, 2011, and in the range of Rs 31,727 crore-Rs 32,270 crore for existing fiscal.

For the twelve month period ended March 31, Infosys registered an increase of 10% in its consolidated net profit, which stood at Rs 6,823 crore.

During the financial year, earnings from software services, products and BPM surged to Rs 27,501 crore as against Rs 22,742 crore during the same period of last year.

Infosys Chief Operating Officer, Mr S. D. Shibulal, stated, "We have realigned our strategic focus to enable our clients to build their enterprises of tomorrow. We continue to make investments towards strengthening our transformational, operational and innovation capabilities."

Infosys appended 34 customers during the fourth quarter.

In the meantime, Mr T. V. Mohandas Pai, Director-Human Resources, has given resign from the company board w. e. f June 11.