Infosys, known to be one of India’s largest IT services firms, has announced an average performance bonus of 90% for eligible employees for the second quarter of FY25, ending in September. This initiative underscores the company’s recognition of its workforce’s commitment and contributions during a period of strong growth.
Eligibility for the Bonus
The bonus is targeted primarily at mid- and junior-level employees, particularly those in delivery and sales roles. These groups constitute a significant portion of Infosys’ 3.15 lakh-strong workforce. Specifically, employees in bands E0 to E6, ranging from freshers to mid-level leaders, are eligible for the payout. Senior-level employees in bands E7 and above are not included in this bonus scheme.
Performance-Based Payout
While the average bonus stands at 90%, individual payouts will vary based on each employee’s performance and contributions during the quarter. In an email to employees, Infosys acknowledged their critical role in driving the company’s success:“In Q2, we delivered a strong performance with broad growth, reinforcing our market leadership. This success is a testament to your unwavering dedication, our strategic focus on margin performance, and our industry-leading expertise in Cloud and Generative AI.”
Timeline for Bonus Payment
The performance bonus will be credited along with November salaries, providing eligible employees with a timely financial boost ahead of the year-end.
Infosys Q2 Financial Performance
In the second quarter of FY25, Infosys showed impressive growth, with consolidated net profits rising by 4.7% year-on-year to ₹6,506 crore. Revenues increased by 5.1% to ₹40,986 crore, driven by strong demand in the financial services sector and the ramp-up of mega-deals. The company revised its FY25 revenue guidance upwards to 3.75%-4.5%, compared to the previous forecast of 3%-4%.
Salary Hikes Scheduled for 2025
Infosys CEO Salil Parekh also announced selective salary hikes beginning in January 2025, extending to all employees by April 2025. This marks a shift from the recent trend of frozen and delayed appraisals due to financial prudence during FY22 and FY24.
