Infosys, a leading IT company in India, has announced yearly salary increases of 6-8% for its employees in India. These pay hikes will start in January 2025 as part of a planned two-step salary revision. The second round of increments is set for April 2025. Employees working in other countries will get smaller increases, staying within single digits.
Jayesh Sanghrajka, the Chief Financial Officer of Infosys, shared this update during the company’s Q3FY25 results briefing. He said, “We expect salary hikes of 6-8% in India, while overseas increments will follow the usual trend,” as reported by News18.
Infosys, with a workforce of over 3.23 lakh employees, postponed salary hikes to the fourth quarter of FY25. This delay was due to global economic challenges and lower IT spending. The previous salary increase took place in November 2023.
Although Infosys did not share the exact effect of salary hikes on profit margins, CFO Jayesh Sanghrajka mentioned possible challenges in Q4FY25 and Q1FY26. CEO Salil Parekh assured that top-performing employees would get better raises. Despite these hurdles, Infosys had a solid Q3FY25, posting a net profit of ₹6,806 crore, up 11.4% from the previous year. Revenue also increased by 7.5%, reaching ₹41,764 crore, compared to ₹38,821 crore in the same period last year.
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