Infosys reported modest growth in its latest quarter, but fell short of market expectations. The company's margins improved by 10 basis points due to reduced onsite costs and enhanced operational efficiencies. However, analysts from Motilal Oswal Financial Services anticipate margin pressures in the December quarter due to seasonal furloughs and fewer working days. Infosys is implementing cost-saving initiatives such as subcontractor optimisation and its "Project Maximus" plan to offset these challenges. The company has also delayed salary hikes for employees, but selective increments are being given to top performers in high-demand areas like artificial intelligence.
https://indiatoday.in/business/story/it-giant-infosys-delays-annual-salary-hikes-to-q4-3-reasons-why-stmp-2660403-2025-01-06