Infosys has recently made an announcement which has made its employees happy. Bengaluru-based IT firm Infosys has declared that it will be providing 100% variable pay along with a special bonus to employees for the July-September quarter. Additionally, it is also paying out salary increases and promotions across all levels effective January 1, 2021. This announcement from Infosys comes on the back of the company registering a 20.5% growth in net profit at Rs 4,845 crore for the second quarter of FY21. Revenues grew by 8.6% in rupee value and 2.2% in a constant currency basis, with digital revenues coming in at $1,568 million.
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Pravin Rao, COO of Infosys said in a statement, “The strength and resilience of Infosys was fully visible in Q2 with operating metrics witnessing a healthy increase, broad-based growth, highest ever large deal TCV at $ 3.15 bn and attrition reducing to single digits. Employees have been a critical part of our success. As a recognition of their stellar performance, we are giving 100% variable pay along with a special incentive for Q2. Additionally, we are rolling out salary increases and promotions across all levels effective Jan 1st."
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The company also increased its revenue guidance to 2-3% in constant currency terms and margin guidance to 23-24%. Salil Parekh, CEO and MD, “Our second-quarter performance is a clear reflection of our ability to help clients on their digital transformation journeys. Our digital and cloud capabilities combined with intense client relevance are helping us achieve differentiated results in the market as is visible in 2.2% year on year overall revenue growth and 25.4% growth from digital offerings, which now are at 47.3% of revenues."
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