Infosys to Roll Out Salary Hikes from January 2021, Pay Special Incentive to Junior Staff

In the September 2020 quarter, Infosys added 975 people. Its voluntary attrition for IT services on an annualised basis declined to 7.8 per cent as compared to 18.3 per cent in the year-ago period. Rao said attrition has come down significantly than what is typically seen around this time of the year.

He added that this was on account of multiple factors, including the steps taken by the IT major towards employee engagement and safety during the pandemic. Infosys on Wednesday said its consolidated net profit grew by 20.5 per cent to Rs 4,845 crore for the September 2020 quarter, while its revenues rose 8.5 per cent to Rs 24,570 crore over the year-ago period.

The company has also revised its guidance upwards to 2-3 per cent growth in FY21 in constant currency terms from its previous outlook of up to 2 per cent growth in topline. “Increase in revenue and margin outlook for FY21 is due to the continued trust clients have in us,” Parekh said.