Infosys, one of the leading IT companies in India, announced a 90% variable pay for its junior and mid-level employees for the second quarter of the current fiscal year. This bonus has been issued on November 26, Tuesday. The company, according to market expectations, has performed quite well, but the payout will depend on the individual employee.

Infosys had provided an 80% variable pay in the previous quarter. Improved results this quarter are backed by a revenue increase of 4.3% over the last three months to ₹40,986 crore for the quarter ending September 2024.

Infosys has revised its revenue growth forecast for the fiscal year ending March 2025. The company now expects growth in constant currency terms to be between 3.75% and 4.5%, up from its earlier projection of 3% to 4%.

While Infosys rewards its employees, its competitor Tata Consultancy Services (TCS) has reportedly reduced variable pay for its workforce in the same period.

Infosys is a global IT powerhouse that was founded in 1981 by visionary tech leader N.R. Narayana Murthy. Headquartered in Bengaluru, India, the company has consistently set benchmarks in innovation, consultancy, and technology-driven solutions. 

With a market capitalization above ₹6.21 trillion and having more than 328,000 employees on board, Infosys operates in more than 50 countries. Prominent figures make up the leadership team such as Nandan M. Nilekani, Co-founder and Chairman of the Board; Salil Parekh, CEO and MD; and D. Sundaram, Lead Independent Director. 

Infosys cements its legacy as a leader within the IT sector, building on cutting-edge services that are transformative solutions worldwide year after year.