Infosys will issue salary hike letters by February-end, with increases ranging from 5% to 8%, effective April 2025.
The IT giant has also begun issuing promotion letters in batches since December. This comes amid rising tech budgets and increased discretionary spending. Infosys had earlier announced 6-8% annual salary hikes in India, starting January 2025, with a second phase in April.
CEO Salil Parekh noted that high performers would receive higher hikes.
The company had previously deferred hikes due to economic uncertainty but now sees a demand turnaround. Infosys employs over 3.23 lakh professionals and last revised salaries in November 2023.