Infosys, one of India’s leading IT services companies, has announced an impressive 85% average performance bonus for its eligible employees.
This bonus is a result of the company’s strong performance in the second quarter of the fiscal year 2024-25, which ended in September.
The bonus will be credited alongside employees’ November salaries, with individual payouts varying based on performance and contributions during the quarter.
Infosys: Financial Performance and Bonus Distribution
For Q2 FY25, Infosys reported a 4.7% year-on-year increase in net profit, reaching Rs 6,506 crore, and a 5.1% rise in revenue to Rs 40,986 crore.
This growth was driven by major deals and higher demand in the financial services sector.
The company also raised its FY25 revenue growth forecast to 3.75%-4.5%, reflecting its optimistic outlook.
Infosys increased the bonus payout to 85%, up from 80% announced for Q1 FY25 and 60% in Q4 FY24.
The bonus will primarily benefit mid- and junior-level employees in the delivery and sales units. These units make up a significant portion of Infosys’ 3.15 lakh-strong workforce
The company has sent emails to eligible employees, thanking them for their dedication and contributions.
Comparison with Competitors
Unlike some competitors, such as TCS, which reportedly tied bonuses to office attendance, Infosys’ bonus policy is not linked to its hybrid work model.
Infosys employees will work on-site for at least 10 days each month. However, the bonus payout is independent of this policy.
The company’s bonus payout surpasses that of TCS. The latter reportedly gave an average bonus of 50-60%, with higher payouts for employees working from the office.
Infosys CEO announced salary hikes will begin selectively in Jan 2025 and will extend to all employees by Apr 2025.
This follows a salary freeze in FY22 and a delayed appraisal cycle in FY24.
The company’s focus on margin performance and industry-leading expertise in Cloud and Generative AI has been instrumental in its success.
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