Infosys in an exchange filing to US Securities and Exchange Commission (SEC) said this week that the variable pay of the six top employees will be based on digital revenue growth apart from overall revenue and profitability of the firm.
The six top executives include chief operating officer, UB Pravin Rao; chief financial officer MD Ranganath; head of banking and financial services vertical, Mohit Joshi; deputy chief operating officer S Ravi Kumar; head of human resources Krishnamurthy Shankar and general counsel Inderpreet Sawhney.
Infosys has already linked its chief executive officer, Salil Parekh’s compensation to the company’s ability to get a higher share of business from digital technologies along with other parameters like return to shareholders, stability in operations among others.
Digital revenue of Infosys grew 27 per cent to $803 million in the first quarter ended June 30, 2018. Digital, for now, accounts for 28.4 per cent of the company’s $2.83 billion revenue in the June quarter.
Similarly, Tata Consultancy Services (TCS) digital revenue stood at $1.26 billion, 25 per cent of its total revenue of $5.05 billion in the first quarter while Wipro's digital revenue accounted for 28 per cent of its gross revenue of $2.02 billion during this period.