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Visa fee hike to have less than 0.3% impact on margins: Infosys
CEO Vishal Sikka was speaking on the sidelines of the company's third quarter results
Chief Executive Officer of Infosys Tecnologies Vishal Sikka laughs during a press conference to announce the 3rd quarter results of the company at its headquarters in Bengaluru
Stating 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 H1-B 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 H1B visas. "The impact of visa costs would be 30 basis points," he said.
 "Visa fee hike to have less than 0.3% impact on margins: Infosys")
