Infosys, India’s second-largest IT services firm, has begun implementing annual salary hikes for its employees, starting February 24. The increments, averaging between 5-8%, are applicable to most employees, with top performers receiving hikes of up to 10-12%.

The Bengaluru-based company categorizes performance into four levels—outstanding, commendable, met expectations, and needs improvement. Employees in band JL6 and below will see the revised salaries take effect from April 1. Infosys last implemented salary hikes in November 2023.

Infosys Q3 Financial Performance

On January 16, Infosys reported an 11.4% rise in net profit for Q3 FY25, reaching ₹6,806 crore compared to ₹6,106 crore in the same period last year. Revenue for the quarter stood at ₹41,764 crore, reflecting a 7.6% year-on-year increase.

Growth was driven by improved demand from US clients, with all eight business segments witnessing expansion. The financial services division, a key revenue contributor, posted a 6.1% growth. Large deals exceeding $50 million totaled $2.5 billion during the quarter.

Infosys has now raised its full-year revenue growth forecast to 4.5-5% from the previous 3.75-4.5%. CEO Sahil Parekh attributed the company’s strong performance to its market positioning, digital offerings, and strategic initiatives.