Infosys pays 70% quarterly bonus on average for Q1 as margin bites

IT services provider Infosys NSE -1.87 % has given out 70% variable pay on average to employees for the April-June quarter.

Pressure on the Bengaluru-based company’s operating margin in the current quarter has reflected on the quarterly performance bonus payout, Infosys, India’s second-largest IT services provider by revenue, said in an internal mail.

ET has reviewed a copy of the email.