Infosys pays 70% bonus for Q1, staff await salary hike details

Infosys has awarded eligible employees an average performance bonus of 70% for the April-June quarter, similar to the previous quarter but about 10 percentage points lower than a year ago. Payouts ranged from 65% to 80% depending on job level and performance category, with top performers at job level 4 receiving 80%. The bonus covers employees across levels JL4 to JL6, who form a large part of Infosys's 3.28-lakh workforce.

Staff are now waiting for clarity on annual salary revisions, which the company has internally indicated may be rolled out in two stages. Employees at JL4 and JL5 may receive hikes in the next one to two months, while those at JL6 and above are likely to get theirs in January 2027. In the previous cycle last February, most employees received increases of 5-8% based on their performance ratings.

The payout comes as the IT industry navigates weaker discretionary spending, an uncertain economy, and disruption from rapid AI developments. Infosys reported a 12% year-on-year rise in net profit to Rs 7,769 crore for the June quarter, even as it cut its full-year revenue growth guidance.