You are here: Home » Reuters » News
Business Standard

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


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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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