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Covid-19: Infosys refrains from revenue guidance, freezes hiring and salary hikes

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Infosys management said that it has suspended all hiring, promotions, and salary increments this year as measures to control costs Bengaluru: Infosys Ltd, India’s second largest software exporter by revenue, on Monday followed the trend set by its peers by refraining from projecting revenue growth guidance for FY21, on the back of the impact of Covid-19.

Last week, Wipro Ltd refrained from giving quarterly guidance, and others such as Cognizant have withdrawn its earlier guidance due to the uncertainties in business environment. “Considering the business uncertainty emanating from covid-19, the company is unable to provide guidance on revenues and margins for FY21 at this stage.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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