Q4 results decoded: Several quarters of pain ahead for Indian IT

Some analysts say TCS could see 300 basis point hit on margins if H1B visa rules tighten as expected

Along with the USA, Singapore, Australia and New Zealand are also tightening work visa requirements. The UK is also tightening up its visa regime and headed into Brexit as well. This will have a negative impact on Indian information technology (IT) services. 

Events like this are hard to model. Nobody can provide a clear blueprint for Brexit’s progression and impact, for instance. Similarly, nobody knows how tight visa controls will get. Some analysts say that TCS could see a 300 basis point hit on margins if American H1B visa rules tighten as expected. But, that estimate may have a large