LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

Infosys to ramp up local hiring in US amid visa concerns

Any change in visa norms can affect the movement of labour as well as spike operational costs for the IT players.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Infosys to ramp up local hiring in US amid visa concerns
Under CEO Vishal Sikka, the company has been trying to turn things around. Photo: Pixabay
Written By: PTI
Updated: Sun, Apr 16, 2017
04:26 pm
New Delhi, PTI
RELATED NEWS
Infosys Buyback price: Anil Singhvi says right levels to buy stock is Rs 1280-1310 Infosys Buyback price: Anil Singhvi says right levels to buy stock is Rs 1280-1310
Infosys, Wipro, Balrampur Chini, AB Capital, Pharma Stocks to Auto Stocks - here are top Buzzing Stocks today Infosys, Wipro, Balrampur Chini, AB Capital, Pharma Stocks to Auto Stocks - here are top Buzzing Stocks today
Infosys share price declines nearly 4% today amid buyback news; check what expert has to say Infosys share price declines nearly 4% today amid buyback news; check what expert has to say
Infosys share price today: Expert says buy in Rs 1320-Rs 1340 range even as results below expectations Infosys share price today: Expert says buy in Rs 1320-Rs 1340 range even as results below expectations
Infosys employee count - Up 7 pct YoY even as attrition picks up to 15.2 pct on-quarter basis Infosys employee count - Up 7 pct YoY even as attrition picks up to 15.2 pct on-quarter basis

IT major Infosys plans to focus more on local hiring in the US and is also looking at setting up development and training centres in the country as part of its efforts to tide over visa-related issues.

Infosys has been in favour of a healthy mix of local and global personnel even though hiring locals in overseas markets often pushes up operational costs for IT outsourcing companies.

With the US mulling over various measures to make visa norms stricter under the Donald Trump administration, Indian IT firms have been contemplating tweaking their business models and accommodating more locals.

"We are closely monitoring the overall situation with respect to visa... In the last 24 months, we have focused on increasing our presence in the US with a lot more local hiring," Infosys Chief Operating Officer U B Pravin Rao told investors on a recent conference call.

He added that at this stage, Infosys has not seen any "undue things" that will impact the way it does business.

"In this year, we will continue that focus. We will accelerate it. We will also start looking at developments and training centres in the US as well," he said.

Rao, however, did not talk about the investments Infosys will make on the expansion. The North American market accounted for over 60 per cent of Infosys' USD 10.2 billion revenue in the 2016-17 fiscal.

During his election campaign, US President Trump had promised stricter immigration laws and protection of local jobs.

Besides, a legislation (Lofgren Bill) in the US was introduced that proposed doubling of the minimum wages of H-1B visa holders to USD 130,000.

Most recently, the US Citizenship and Immigration Services (USCIS) had come out with a policy memorandum that potentially makes it difficult for Indian technology professionals to work in the US at entry-level positions.

Any change in visa norms can affect the movement of labour as well as spike operational costs for the IT players. Indian firms like TCS, Infosys and Wipro that are dependent on visas are now focusing on bringing on board more locals to comply with the norms.

Once considered an industry bellwether, Infosys has had its share of challenges over the past few years. Apart from competition from rivals like TCS and Cognizant, it is also facing a public spat between founders and the Board over allegations of corporate governance lapses.

Under CEO Vishal Sikka, the company has been trying to turn things around. The former SAP executive has set up an ambitious target for Infosys reaching USD 20 billion revenue by 2020 with a strong focus on new technologies like automation and artificial intelligence.

While Sikka himself has admitted that the goal is "aspirational", the company has continued to invest in start-ups working on these new-generation technologies.

"...Our FY17 revenues from new software and software- related services including Mana, Panaya, Skava and Edge grew at more than 42 per cent," Sikka said.

He added that the company will report revenues on a quarterly basis from the new software and offerings such as digital, Internet of Things and cybersecurity from this fiscal onwards. The new services are also helping the company generate over USD 125,000 per year in revenue per employee.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
InfosysH1-B VisaH1-B visa banU B Pravin RaoVishal SikkaInfosys in USJobs in InfosysInfosys Q4 ResultInfosys Q4 profitITIT companies in US
RELATED NEWS
Infosys Buyback price: Anil Singhvi says right levels to buy stock is Rs 1280-1310 Infosys Buyback price: Anil Singhvi says right levels to buy stock is Rs 1280-1310
Infosys, Wipro, Balrampur Chini, AB Capital, Pharma Stocks to Auto Stocks - here are top Buzzing Stocks today Infosys, Wipro, Balrampur Chini, AB Capital, Pharma Stocks to Auto Stocks - here are top Buzzing Stocks today
Infosys share price declines nearly 4% today amid buyback news; check what expert has to say Infosys share price declines nearly 4% today amid buyback news; check what expert has to say
Infosys share price today: Expert says buy in Rs 1320-Rs 1340 range even as results below expectations Infosys share price today: Expert says buy in Rs 1320-Rs 1340 range even as results below expectations
Infosys employee count - Up 7 pct YoY even as attrition picks up to 15.2 pct on-quarter basis Infosys employee count - Up 7 pct YoY even as attrition picks up to 15.2 pct on-quarter basis

LATEST NEWS

Petrol, Diesel Price Today – Rates unchanged on Sunday in 4 metros; Do this to get latest prices in Delhi-NCR, Mumbai, Kolkata and Chennai

GOOD NEWS! Modi Govt slashes Remdesivir MRP by half, with retro-effect—This is how much it will cost you now

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range; says global markets, Q4 results to drive street

Pharma exports FY 2021: Indian made generics see HUGE demand; grows by 18 percent to $24.44 bn

7th Pay Commission Latest News: 'Special Allowance' extended for These Central government employees

IndianOil Alert – Your Opportunity to earn WHOPPING Rs 2 Cr – Know terms and conditions; Do this and Win BIG

Rajini, Kamal, Mohanlal and many others mourn Vivek's demise

J'khand HC grants bail to Lalu in Dumka treasury case; paves way for his release from jail

SSC CGL Result 2018 released on ssc.nic.in: Steps to check and download explained

Crude to be around $60 a barrel in 2021

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved