- विज्ञापन -
New Delhi: Infosys, a leading IT company, has reportedly postponed its annual salary increase, which typically occurs in the fourth quarter of FY 2024-25. The last salary hike was implemented in November 2023.
This delay suggests ongoing uncertainties in the domestic IT sector. The primary reason for the slowdown is that clients are hesitant to boost their IT spending due to macroeconomic factors, including potential tariffs from the incoming Donald Trump administration starting January 20.
Infosys is not alone in this decision; other major IT firms like HCL Tech, LTI Mindtree, and L&T Tech Services also refrained from salary increases in the second quarter of this year as part of cost and profit management strategies.
According to Motilal Oswal Financial Services, Infosys may see a decline in margins for the December quarter, attributed to employee absences and reduced working days. However, this could be offset by price hikes, subcontractor cost optimizations, and the implementation of ‘Project Maximus,’ which aims to enhance margins and cut costs.
In the second quarter (July-September) of the current financial year, Infosys reported a 4.7% year-on-year profit increase, reaching Rs 6,506 crore, up from Rs 6,212 crore in the same quarter last year. The company’s income for this period was Rs 40,986 crore, compared to Rs 38,994 crore in the previous financial year. Additionally, Infosys raised its income growth forecast for the year from 3.75% to 4.5% and announced a dividend of Rs 21 per share.
