Infosys disburses average 70% variable bonus for Q1 amid salary hike uncertainty

Infosys has paid its employees an average variable bonus of 70% for the first quarter of the current financial year. The announcement comes after the IT major reported a 12% year-on-year increase in consolidated net profit, reaching Rs 7,769 crore for the April-June quarter. Despite the strong profit performance, the company revised its full-year revenue growth guidance downward. Employees are still awaiting official communication regarding annual salary hikes, adding to uncertainty within the workforce.