E-Paper
Infosys expects 300 bps hit to margins on wage increases: CFO
Infosys Ltd, India's second-largest software services exporter, expects wage increases to hurt margins by 300 basis points in the next quarter, Rajiv Bansal, the company's chief financial officer, said on Friday.
Updated on: Jul 12, 2013, 10:54:49 IST
Share via
Copy link
Infosys Ltd, India's second-largest software services exporter, expects wage increases to hurt margins by 300 basis points in the next quarter, Rajiv Bansal, the company's chief financial officer, said on Friday.
Earlier, the company posted a 3.7% year-on-year increase in its first-quarter net profit, and maintained its full-year revenue growth forecast.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk Hunger Strike LIVE and more across India.
