Infosys employees start this fiscal with 80% bonus
Infosys kicked off the fiscal 2024-25 performance bonus pay-outs to eligible employees at an average of 80% for the first quarter ended June, in what could potentially uplift the mood across vast sections of the technology workforce.
This pay-out is a substantial jump from the previous quarter ended March 31 when India’s second largest IT services firm had paid an average 60% of the targeted bonus.
“This is the best we have seen in some time,” an Infosys employee told ET on the condition of anonymity.
The average percentage figure refers to the bonus paid to employees at band six (E6) and below, who form the bulk of the Bengaluru-headquartered company’s workforce.
The pay-out comes after Infosys led industry growth in the first quarter of fiscal 2025 reporting 7.1% year-on-year growth in net profit and a 3.6% expansion in revenue, as against subdued performance by its top-tier peers. The firm has also raised its revenue guidance for FY25 to 3-4% in constant currency terms, citing return of business demand and bullish market environment in the last two quarters.
“Q1 (April-June) quarter was marked by strong and broad-based growth, driven by our unique service offerings and your unwavering commitment. Your dedication has fortified our diverse and dynamic portfolio and our enhanced GenAI capabilities have deepened our client relationships,” Infosys said in an email to employees.
Bonus pay-outs have differed based on individual performance and contributions for the quarter, as the heads of delivery units decide
