New Delhi, March 3 -- Cognizant Technology Solutions Corp. will give annual salary increases to its employees from August this year, making it the second time the Nasdaq-listed company has delayed salary hikes by at least five months.

In a town hall from the company's newly refurbished Kolkata office on Thursday, Cognizant chief executive S. Ravi Kumar promised salary hikes from 1 August even as bonuses to eligible employees will be rolled out in March.

"Cognizant will award bonuses in March. Associates will receive eLetters with bonus details the week of 10 March," read Cognizant's internal memo shared with employees and seen byMint. The company further instructed managers to communicate the bonuses to their team members by 11 March. ...