Top performing employees at Infosys are having a gala time. Find out how

It seems Infosys believes in sharing profits with its employees also as it promoted over 2,000 top-performing employees and gave out 100% variable payouts.

India's second-largest software exporter exceeded its expectations and posted forecast-beating second-quarter numbers.

Meanwhile, the IT firm also raised variable payouts for the July-September quarter from 80% to 100%.

“Infosys has so far given 4,711 promotions since the current financial year started in April, including more than 2,600 during the quarter ended in June,” a company spokeswoman said.

The annual standalone attrition stood at 14.1% for the quarter, consolidated attrition was 19.9%.

Outgoing Chief Financial Officer Rajiv Bansal said, “Margins in the quarter were held by the rupee depreciating against the US dollar by 2.7%, which gave us a benefit of about 70 basis points, which was offset by an increase in variable pay for employees from 80% to 100% this quarter.”

Infosys also plans to increase its headcount.

Experts also hailed Infosys' Q2 performance, adding the IT firm was starting to show signs of a turnaround in its performance and is resembling its former bellwether self.