Infosys will start rolling out salary hikes for eligible staff from October, while senior executives receive adjustments in January. The firm also unveiled hiring targets, a new CEO, and a cautious AI‑driven outlook.

Key Takeaways

  • Most eligible employees receive raises in October
  • New CEO to take charge in April 2027
  • 20,000 freshers planned for FY24 hiring

Salary‑Hike Timeline

Infosys CEO Salil Parekh said the annual salary hikes will be phased, with the majority of eligible staff seeing increases in October, while senior staff will get revised pay in January 2027.

Eligibility Criteria and Exceptions

The company did not disclose exact eligibility rules, but typical factors include performance ratings, role, tenure and business needs. Senior employees are excluded from the October rollout and will be adjusted later.

Hiring Plans and Workforce Snapshot

Infosys aims to recruit roughly 20,000 fresh graduates this fiscal year, having already onboarded over 4,000 in Q1. Total headcount stood at 328,062 as of June 30, a slight dip from March.

Leadership Change and Revenue Guidance

Ashish Kumar Dash, currently heading the energy business, has been named CEO‑designate and will assume the role in April 2027. The firm trimmed its full‑year revenue growth guidance to a high‑end 3% from 3.5%.

Rising AI Demand Amid Cautious Clients

For the quarter ended June, Infosys reported revenue of ₹48,211 crore, a 14% YoY rise, though slightly below market expectations. AI‑related services now account for 8.2% of revenue, up from 5.5% in the December quarter.

Historical Background

Historically, Infosys has offered performance‑linked salary hikes each year. In 2023, the average increase was around 5%, but growing competition and AI investments prompted a more selective approach this year.

Why This Matters

BozokMedia analysis shows that Infosys’s selective raise policy balances talent retention with a cautious outlook, positioning the company to stay agile as AI reshapes the Indian IT sector.

"Limiting salary hikes to eligible staff reinforces a performance‑driven culture while preserving financial flexibility during market uncertainty," says HR expert Dr. Ravi Sharma.
Did You Know?: Infosys crossed the 5% revenue share from AI services for the first time in 2020.

Comparison: Infosys vs TCS Salary Hike Policy

AspectInfosysTCS
EligibilityPerformance‑based, seniors Jan 2027Performance‑based, all eligible in 2024
Increase TimingOct 2026 for most, Jan 2027 for seniorsStaggered 2024 rollout
AI Revenue Share8.2%7.5% (FY23)

Frequently Asked Questions

Q1: Which employees are eligible for the salary hike?
A: Infosys has not disclosed exact criteria, but performance, role and tenure are typical factors.

Q2: What is the hiring target for fresh graduates?
A: The company plans to hire about 20,000 freshers during FY24.