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Infosys manages slight first-quarter profit increase, labour costs cloud outlook

Reuters  |  BENGALURU/MUMBAI 

By Arnab Paul and Sankalp PhartiyalBENGALURU/MUMBAI (Reuters) - Infosys Ltd, India's No. 2 software services exporter, eked out a slight rise in first-quarter profit, although the outlook for more earnings gains remains cloudy due to higher labour costs and unfavorable currency rates.India's more than $150 billion software services sector faces headwinds in its biggest market, the United States, as clients hold back technology spending amid concerns about President Donald Trump's review of a visa programme for highly-skilled workers.Net profit rose 1.4 percent to 34.8 billion rupees ($540 ...

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First Published: Fri, July 14 2017. 16:32 IST
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