News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 8 years ago
Rediff.com  » Business » Visa fee hike to have less than 0.3% impact on margins: Infosys

Visa fee hike to have less than 0.3% impact on margins: Infosys

By BS Reporter
January 15, 2016 09:09 IST
Get Rediff News in your Inbox:

VisaStating that it is not concerned over US moves to impose visa restrictions on Indian workers, software bellwether Infosys on Thursday said the recent increase in costs on H-1B visas would impact its margins by only 0.30 basis points.

“We are looking at advanced ways to do better collaboration across borders.

"Not only because of this (visa) problem but also because those technologies are within our reach,” said chief executive Vishal Sikka, adding, “In the long term, I am not concerned about these kind of developments.

"We have one-fifth of our employees in the US who are locally hired, including myself.”

Infosys chief financial officer Ranganath M said there was confusion in visa costs for renewals of H-1B visas.

"The impact of visa costs would be 30 basis points," he said.

Get Rediff News in your Inbox:
BS Reporter in Bengaluru
Source: source
 

Moneywiz Live!