The I-T major has said it will hire 10,000 people in the US in the next 18-24 months, but the headcount addition onshore comes at a significant cost.
A public spat between the Infosys board led by chairman R Seshasayee and the founders led by N R Narayana Murthy, led Sikka to quit Infosys in August last year.
Special bonus pool comes at a time when the Bengaluru-headquartered IT company said it was looking to return upto Rs 13,000 crores to shareholders in FY19.
Genpact CEO NV ‘Tiger’ Tyagarajan earned a 10% increase in total compensation in 2017, taking the total amount he received to $3.15 million.
Without naming the client, Wipro said it had signed a multi-year outsourcing services agreement with a telecom services provider.
The company said it would work with L&T Group firm LTI, previously known as L&T Infotech, on the project. The company did not specify the duration of the contract.
While some of the mid-cap IT firms have registered strong growth in the past couple of quarters, analysts have said they would continue to see higher revenue growth fuelled by digital deals.
Investors will also look at uptick in digital spending and allocation of budgets to projects. Saluja added that he expects companies to start off “on a conservative note for FY19 revenue growth guidance”.
US retailers Sears Holdings separately announced that its customer data might have been affected in the hack.
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