Wipro plans to announce its salary hike in the third quarter (October-December) after a 2.8% sequential revenue decline in the June quarter.
TCS gives 6% to 8% average salary hikes, with higher rewards for top performers.
Infosys has not yet provided salary hikes and has lowered its growth forecast due to the adverse impact of the BFSI slowdown, potentially marking one of its lowest growth rates.
LTIMindtree has implemented salary hikes, while HCL Tech and Tech Mahindra have deferred hikes for certain employee groups. Coforge, on the other hand, has rolled out salary hikes and is optimistic about its revenue growth prospects.