Infosys announces big pay hike as Q2 net vaults 20.5% to Rs4,845 cr. HCL Technologies will announce its results on October 16. On the recently announced restrictions on H-1B non-immigrant visa programme in the US, Rao said the company does not see any impact as it has been aggressively hiring local talent laterally as well as from colleges and universities in America. Infosys had over 2.40 lakh employees as of September end. Infosys COO Pravin Rao said the quantum of salary hikes will be identical to those seen in previous years. https-www-onmanorama-com-news https-www-onmanorama-com-news-business lnlbvo88lv7ljrpkchg0jtaf3 https-www-onmanorama-com-acp onmanorama-topic-organisation-5-infosys, ( For more than one recipient, type addresses seperated by comma ), Infosys co-founder Shibulal receives over 4 lakh company shares as 'gift', Infosys to acquire Blue Acorn iCi for up to $125 million. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. In the September 2020 quarter, Infosys added 975 people. The Bengaluru-based company has 2,40,208 employees at the end of September 2020 quarter. Read more about Infosys to roll out 6% annual hike for India staff, 1.5% for onsite workers on Business Standard. 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 partnership will leverage Infosys’ powerful technologies and toolsets across the board to empower players, fans, and media with new digital innovations on the court and at home. Infosys has received the highest H-1B visa denials. Infosys COO Pravin Rao announced that salary increases and promotions will be rolled-out for employees across all levels from 1 January 2020 Infosys has just announced results, and the company has reported a growth acceleration accompanied by 3.7% YoY margin expansion, revenue and margin guidance increased to 2 to 3% in cc and 23 to 24%, respectively. In the September 2020 quarter, Infosys added 975 people (net) to take its headcount to 2,40,208 employees. The Bengaluru-based company's revenues grew 8.5 per cent to Rs 24,570 crore in the quarter under review, from Rs 22,629 crore in the year-ago period. "Consequently, we are increasing our interim dividend per share by 50 per cent to Rs 12," he added. The salary hike process will restart now and will be effective on January 1, 2021, he added. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities. We will pay a one-time special incentive in Q3 for our junior employees," Infosys CEO and MD Salil Parekh said during a virtual briefing. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. Despite the business uncertainties due to Covid-19, Infosys has decided to offer salary hikes and promotions to its employees. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 per cent outside the country. Infosys on Wednesday posted 20.5 per cent rise in September quarter net profit to Rs 4,845 crore, mainly helped by large deals, prompting the IT services major to raise its revenue growth forecast to 2-3 per cent for FY21. Smaller rival, Wipro's revenue for the September quarter was nearly flat at Rs 15,114.5 crore, while its IT services revenue was up 3.7 per cent at USD 1,992.4 million in the reported period over the June quarter. Infosys salary hike profile on Times of India Infosys CFO Nilanjan Roy said free cash flows grew significantly in the first half of the fiscal, driven by Infosys' consistent focus on liquidity and cash management. Infosys is the digital innovation partner for Roland-Garros 2020. Last year, the average wage hike by Infosys in India was around 6 per cent, while it was 1-1.5 percent outside the country. Share. "We restarted promotions in the last quarter at our junior levels, and this will now be expanded to all our levels," Parekh said. © Copyright 2021 Manorama Online. He added that its localisation in the US market is at 63 per cent and that the company has hired 13,000 locals there in the last three years. Infosys Recruitment Process 2020 is simple and is the same for all the drives, including on-campus, off-campus, and referral drives. Mindtree: Mindtree which had 21,827 employees at the end of the second quarter ended June-September said the salary hike will be effective from January 1, 2021. Infosys will roll out salary hikes and promotions for employees across all levels effective January 1. The company had 2,40,208 employees at the end of September 2020 quarter. The company's results were announced after the closing of trading hours. Shares of Infosys closed at Rs 1,136.10 apiece, down 1.89 per cent from its previous close on BSE. ... Top 5 most viewed webinars of 2020 on TechGig 31 Dec 2020, 11:30 AM. Infosys' result comes a week after larger rival, Tata Consultancy Services had reported a 3 per cent rise in revenue to Rs 40,135 crore for the September quarter. 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