This comes less than two weeks after Infosys' former CFO, Nilanjan Roy, suddenly resigned.
Jayesh Sanghrajka has been appointed as the new CFO effective from April 1
Employees who fall below the manager category and above entry levels will be eligible for this range of payout
The company used to give hikes to everyone below the senior management in April, and to those above in July
CEO Salil Parekh said they see clients stopping or slowing down transformation programs and discretionary works — particularly in financial services in mortgages, asset management, investment banking and payments and in telecom.
The IT major, which only reports the total contract value (TCV) of its large deals, reported a TCV of $2.3 billion, which is up from last quarter’s $2.1 billion.