Infosys is bracing for pressure on its U.S. business from anti-immigrant policies by U.S. President-elect Donald Trump, according to a recent article.
“Margins might be impacted in the near-term,” Chief Executive Vishal Sikka said, adding the company had not yet done any simulations on how large the impact may turn out to be.
Infosys’ contingency plan for the case that the group would not be able to send low-cost developers to work with temporary work visas on big tech projects in the United States would be to hire staff locally, he said, while also conceding that hiring people in the United States would likely be more expensive.
Infosys last month cut its annual revenue growth target for the second time in three months as India’s software service exporters feel the pinch of major Western clients holding back on spending. Continue Reading →