In the September 2020 quarter, Infosys added 975 people (net) to take its headcount to 2,40,208 employees. The IT firm plans to add around 20,000 freshers this year to its workforce Meanwhile, Infosys reported 20.5 per cent growth in consolidated net profit at Rs 4,845 crore for the second quarter ended September 30, 2020, … Tata Consultancy Services (TCS) and Infosys posted a strong earnings growth, kicking off the fourth quarter earnings season, but Infosys's growth guidance has been lowered for fiscal year 2020. The company's results were announced after the closing of trading hours. Share. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. Infosys has received the highest H-1B visa denials. "Consequently, we are increasing our interim dividend per share by 50 per cent to Rs 12," he added. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. North America accounted for over 60 per cent of its quarterly revenues, followed by 24.3 per cent from Europe, 3 per cent from India and 12 per cent from Rest of the World (RoW). In the wake of the Corona crisis where most of the country’s companies are getting laid off or salary cuts, veteran IT company Infosys on Wednesday announced a pay raise of 2.4 million employees. Over the next three ... Oct 14, 2020, 17:23 IST. The announcement of salary hike and promotions by Infosys came a week after its industry rival TCS announced that it will roll out salary hikes for its employees effective October 1. On the recently announced restrictions on H-1B non-immigrant visa programme in the US, Rao said the company does not see any impact as it has been aggressively hiring local talent laterally as well as from colleges and universities in America. Indian IT major Infosys is expected to give its senior employees a pay hike in January 2019. Click here to join our channel (@TheWeekmagazine) and stay updated with the latest headlines, Infosys signed large deals worth US 3.15 billion in the quarter under review | Reuters, here to join our channel (@TheWeekmagazine), Election is over, but Trump's attacks will linger, Accept farmers' demands, whole country fed up of your lollypops: Congress tells PM, Disney reveals new dates for 'Free Guy', 'Death on the Nile' and others, Angulo's strike hand FC Goa 1-0 win over Odisha FC, Scientists develop innovative way to design new metal alloys. Infosys announces big pay hike as Q2 net vaults 20.5% to Rs4,845 cr. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. 1.2 Lakh Employees To Be Promoted In September 2020. Its voluntary attrition for IT services on an annualised basis declined to 7.8 per cent as compared to 18.3 per cent in the year-ago period. Despite the business uncertainties due to Covid-19, Infosys has decided to offer salary hikes and promotions to its employees. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. New Delhi: India's second-largest IT services firm Infosys on Wednesday said it will roll out salary hikes and promotions across all levels effective January 1. Infosys Recruitment Process 2020 is simple and is the same for all the drives, including on-campus, off-campus, and referral drives. Infosys had earlier said it was suspending promotions and pay hikes amid the epidemic-led slowdown in business but would honour all the job offers it had made. "We also highlight that the company raised its revenue growth guidance to 2-3 per cent in constant currency from 0-2 per cent earlier and surprised with an upgrade of operating margin guidance to 23-24 per cent from 21-23 per cent despite planned wage hike in Q3," he added. Infosys signed large deals worth US 3.15 billion in the quarter under review. He added that its localisation in the US market is at 63 per cent and that the company has hired 13,000 locals there in the last three years. HCL Technologies will announce its results on October 16. Infosys is a process oriented, professionally managed company. Rao said attrition has come down significantly than what is typically seen around this time of the year. 📣 The Week is now on Telegram. "We are still open to looking at other things as and when they make sense...the businesses that we have acquired will give a boost to our digital capabilities," he added. Infosys Salary Hike; Millions of employees will get gift, increase salary and special bonus. The company has also revised its guidance upwards to 2-3 per cent growth in FY21 in constant currency terms from its previous outlook of up to 2 per cent growth in topline. "We restarted promotions in the last quarter at our junior levels, and this will now be expanded to all our levels," Parekh said. The Bengaluru-based company's revenues grew 8.5 per cent to Rs 24,570 crore in the quarter under review, from Rs 22,629 crore in the year-ago period. Infosys on Wednesday posted 20.5 per cent rise in September quarter net profit to Rs 4,845 crore, mainly helped by large deals, prompting the IT services major to raise its revenue growth forecast to 2-3 per cent for FY21. He added that this was on account of multiple factors, including the steps taken by the IT major towards employee engagement and safety during the pandemic. Infosys CEO Salil Parekh said that the company will pay a special bonus in the quarter to December, while paying 100% variable pay in the previous quarter. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter. We will pay a one-time special incentive in Q3 for our junior employees," Infosys CEO and MD Salil Parekh said during a virtual briefing. For the fourth quarter ended March 31, 2020 (Q4FY20), Infosys reported a 6.10 per cent YoY increase in consolidated net profit at Rs 4,321 crore, while revenue rose … In the September 2020 quarter, Infosys added 975 people. In the September 2020 quarter, Infosys added 975 people. 3,135 Infosys reviews. Due to large client base and projects in all major locations over the world opportunities are many. In FY20, the average wage hikes for Infosys’ employees in India was around six per cent, while it was between 1-1.5 per cent for those located overseas. ... Top 5 most viewed webinars of 2020 on TechGig 31 Dec 2020, 11:30 AM. Even though Infosys put a halt on new hirings, ... 2020. Soon after the outbreak of the Covid-19 pandemic, Indian IT majors including TCS, Infosys and Wipro had decided to freeze the salary hike decision as a cautionary move. TCS, Infosys, HCL Tech, and now Mindtree are some of IT firms which announced the implementation dates for salary hikes recently. 16 October 2020. Updated: 14 Oct 2020, … Infosys' result comes a week after larger rival, Tata Consultancy Services had reported a 3 per cent rise in revenue to Rs 40,135 crore for the September quarter. India Business News: Infosys’s revenue growth in the second quarter came in way better than that of rivals TCS and Wipro, encouraging it to announce salary increases and p The person posting the comment will be in sole ownership of its responsibility. The company had 2,40,208 employees at the end of September 2020 quarter. Its voluntary attrition for IT services on an annualised basis declined to 7.8 per cent as compared to 18.3 per cent in the year-ago period. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. Infosys is the digital innovation partner for Roland-Garros 2020. Photo: Aniruddha Chowdhury/Mint Infosys rolls out mid to high single-digit salary hike Infosys on Wednesday said its consolidated net profit grew by 20.5 per cent to Rs 4,845 crore for the September 2020 quarter, while its revenues rose 8.5 per cent to Rs 24,570 crore over the year-ago period. It is also giving 100 per cent variable pay, along with a special incentive for junior employees. The IT major raises its revenue growth forecast to 2-3% for FY21. Infosys will roll out salary increases and promotions across all levels effective January 1 as the company forecast higher growth in the year ahead on the back of large deal wins from customers. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 percent outside the country. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. India’s second-largest IT company Infosys private limited announces a salary hike for all of its employees from January 2021. All Rights Reserved. The H-1B visa program. Infosys COO Pravin Rao said the quantum of salary hikes will be ... and surprised with an upgrade of operating margin guidance to 23-24 per cent from 21-23 per cent despite planned wage hike in Q3," he added. Mindtree: Mindtree which had 21,827 employees at the end of the second quarter ended June-September said the salary hike will be effective from January 1, 2021. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in the previous years. Infosys CEO Salil Parekh said in an interview that the Infosys will also start with its massive recruitment plan. The hike was expected to occur earlier this year but because of the COVID-19 pandemic, the company decided to freeze the hike for precautionary reasons. The second-biggest software firm Infosys Ltd has posted a 20.5 per cent hike in its net profit for the quarter ending September 30. Apart from projects there are many avenues for personal & professional growth & improvements. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. See Infosys salary hike Latest News, Photos, Biography, Videos and Wallpapers. leader’s speak. 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