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Both Trump and Automation Are Challenging India’s IT Industry [Fortune]

INFOSYS (INFY)  More Company Research Source: Fortune
Last infosys earnings: 10/17 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
PDF Automation and the new U.S. administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market. But senior executives from the $150 billion industry, which rose to prominence at the turn of the century by helping Western firms solve the "Y2K" bug, said companies with skilled English-speaking staff and low costs could not be written off yet. The sector, led by Tata Consultancy Services, Infosys, and Wipro, is lobbying hard as the new U.S. administration under President Donald Trump considers putting in place visa restrictions. The administration may also raise salaries paid to H1-B visa holders, a move that could significantly increase costs for IT companies that are already facing pressure on margins. Get Data Sheet , Fortune’s technology newsletter. The longer-term challenge and opportunity for the sector was automati [Read more]

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