Infosys Rolls Out Salary Hikes

Infosys, India's third-largest IT services company, has begun rolling out salary hikes for its employees, with increases ranging from 5% to 8% for most, and 10-12% for exceptional performers. These revisions apply to employees in band JL6 and below, with the new pay structure taking effect from April 1, 2025. The company also started issuing promotion letters in batches since December 2024. This move comes amid an improving demand environment and an anticipated increase in technology budgets for the upcoming fiscal year. Infosys' Chief Financial Officer, Jayesh Sanghrajka, and CEO, Salil Parekh, have confirmed these developments, highlighting the company's strong Q3FY25 results, including an 11.4% rise in net profit and a raised full-year revenue growth forecast. Infosys also plans to hire 15,000 freshers in FY 2024-25 and 20,000 in the subsequent year.