Salil Parekh Usa covid-19 pandemic crisis consequences Salil Parekh Usa

Infosys CEO compensation up 27%, says covid-19 may impact bottomline, dividend

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BENGALURU: Infosys Ltd chief executive officer Salil Parekh’s total compensation, including bonus and incentives and restricted stock units, rose 27% annually to $6.1 million in fiscal year 2019-20, according to form 20F filed by the company with the US Securities and Exchange Commission (SEC). “Overall segment profitability has decreased primarily on account of compensation increase, higher visa cost for H1 visas and cross currency fluctuations partially offset by benefit on account of rupee depreciation and cost optimization benefits," Infosys said in a filing.

Infosys said its profitability this year may be marginally impacted as some clients have sought price reductions or discounts due to the impact of covid-19. “Lower profitability

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