Infosys on Friday said it would raise the salaries of its employees in India by 6-12 per cent while for employees at onsite locations, it would be 1.5-2 per cent, depending on the region.

For employees below the managerial level, the hike in salaries would come into effect from April 1, while for the rest it would be effective from July 1, the country's second largest information technology (IT) services firm said. Vishal Sikka, chief executive officer and managing director of Infosys, said the hikes were not limited to 12 per cent and would be much higher for star performers.

Infosys shares on Thursday hit a three-week low after a huge block deal was done in the subsidiary market after reports emerged only 23.57% promoter votes were cast in the favour of re-appointing CEO Vishal Sikka.

Around 56.7 lakh equity shares of Infosys have changed hands in six block deals, according to a Bloomberg report. The details of the buyers and sellers have not been reported currently.

Shares of Infosys have moved higher to its record high of Rs 1,237 on the National Stock Exchange (NSE) in noon deals today ahead of theJanuary-March (Q4) quarter results next week.

The information technology (IT) company is scheduled to announce the financial results for the quarter and year ended March 31, 2016 on April 15, 2016.

The shares of Infosys, India’s second largest IT services exporter slipped by as much as 3 per cent in early Thursday trade following the two co-founders coming under the promoter category, S Gopalakrishnan and S D Shibulal deciding to sell 75 lakh shares through multiple block deals.

The 75 lakh shares representing 0.3 per cent stake in Infosys were offered in the price range of Rs 1149-1178.5 and the transaction will be carried out during the day. The Infosys scrip opened at Rs 1164 on Thursday on Bombay Stock Exchange and has slipped by as much as Rs 33.10 recording a fall of 2.8%.

Bengaluru: Infosys Ltd will unveil in the coming weeks a programme that aims to identify top performers among its employees, and put them under the direct supervision of chosen senior managers, as the software services firm strives to retain talent, find internal candidates for new roles, and provide a fast-track career path in a 193,000-employee organization.

The programme is chief executive Vishal Sikka’s most ambitious employee engagement measure in the 20 months since taking the company’s helm in August 2014.

Infosys CEO & MD Vishal Sikka on Wednesday said that despite the rapid progress the company made in bringing innovations powered by automation, artificial intelligence, products and platforms, there is no way that it would become a product company.

This is primarily because of the fact that the world itself is moving the services away with disruption happening in every segment, he said addressing the Morgan Stanley TMT (Technology, Media and Telecom) conference held in San Francisco late yesterday.

New Delhi: Infosys Ltd’s board on Wednesday decided to extend Vishal Sikka’s tenure as chief executive officer (CEO) by two years to 2021, crediting him with putting India’s second largest software services firm back on the growth path.

The extension gives Sikka, who took over as Infosys’s first non-founder CEO in August 2014, a chance to steer Bengaluru-based Infosys towards its 2020 goal of becoming a $20 billion company by annual revenue.

Infosys Ltd’s chief executive officer Vishal Sikka has told employees he wants to grow revenue by 16% in 2016-17. That’s materially higher than lobby group Nasscom’s estimate that the industry will grow 10-12% in FY17. But investors shrugged off Sikka’s statement; Infosys shares have been flat in the past two trading sessions.

Internal targets are materially different from a guidance given to investors. An analyst at a multinational brokerage says that Sikka’s statement to employees sounds like good intentions more than anything else.

Hyderabad: Infosys Ltd, the second biggest information technology (IT) firm in the country, is embracing automation and futuristic technologies such as virtual reality and assisted driving to innovate itself at a time when the industry is going through a major digital transformation.

By deploying fewer employees on projects that could be automated, Vishal Sikka, chief executive officer of Infosys, hopes to increase the revenue per employee from around $50,000 currently to $80,000 by 2020.

BENGALURU: India's second largest software exporter Infosys has laid out an ambitious charter for next year under the leadership of Vishal Sikka and internally communicated to executives and employees that the company must grow revenues by 16% in the financial year ending March 2017, according to two people present at Infosys's annual strategy meeting last week.

The top brass at Infosys led by Sikka, who has laid out a broader vision of making Infosys a $20-billion company by 2020, wants Infosys to outpace all its top-tier rivals such as TCS and US-based Cognizant Technology Solutions, which has forecast revenue growth in the range of 10-14% for 2016.

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