Infosys expects 300 bps hit to margins on wage increases - CFO
July 12 (Reuters) - 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 percent year-on-year increase in its first-quarter net profit, and maintained its full-year revenue growth forecast.
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media